Diamonds and Dogs
Oracle (ORCL) is looking clairvoyant. The software maker rose 6% to a new 52 week high after beating earnings estimates while also raising guidance. Oracle raised dividend 27% lifting the yield to 1.6%. Their large, fast growing, high-margin cloud businesses are driving Oracle's total revenue and earnings. The company received at least four upgrades with price targets as high as $49 a share.
Guess? (GES) is struggling to come up with answers. The jeans maker dropped 11% to a new 52 week low after missing earrings by 3 cents while also missing revenue estimates. Revenues did rise 3.2% to $679.27 million. The company issued downside guidance for the full year 2018, seeing earnings of $0.28-0.40, excluding non-recurring items, vs. $0.64 consensus estimates. No answers in the short term for Guess.
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