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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

3/7/17

Momo has the momentum. Chinese technology and software firm, Momo (MOMO) is up 10% thanks to better than expected earnings and higher guidance for the first quarter. Earnings came in at 44 cents a share verse estimates of 30 cents. Revenue grew 524% year over year. For the first quarter, Momo issued upside guidance of net revenue between $238M -$243M vs $196.51M estimates.

Good news, bad news at Dicks (DKS). The sporting goods retailer, came out with better than expected fourth-quarter fiscal 2016 results. The company earned $1.32 per share jumping 17% year over year, ahead of estimates. The fourth quarter was driven by robust comparable store sales (comps), coupled with gross margin expansion.  However the stock is down 8% not far from a 52 week low after issuing downside guidance for the first quarter while also issuing downside guidance for the full year 2018.

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