Cirrus depends on the iPhone for the bulk of its sales, so the company's
weak guidance for fiscal 2019 reflects a pessimistic view of how that product will perform in the coming year.
During the earnings call, Cirrus CEO Jason Rhode discussed the drivers behind
the weak guidance for fiscal 2019:
Shares of Priceline sunk 6 percent after the company reported
weak guidance for its third quarter.
Priceline shares tanked by 8 percent Wednesday after the company reported a bookings miss for its second quarter and
weak guidance for the current quarter.
Ebay's stock dropped after the company reported second quarter earnings in line with analysts» expectations, but offered
weaker guidance for the third quarter.
Meanwhile, Fitbit is also having a rough time after announcing mixed Q3 earnings and posting
weaker guidance for the usually lucrative holiday fourth quarter.
Not exact matches
Priceline's
weak third - quarter
guidance also was a cause
for concern.
Frank Del Rio, president and CEO of Norwegian, cited four main reasons
for revising its
guidance, including «continued
weak demand from our core North American consumer
for European sailings at a time when half of our fleet is deployed in the region, including eight of our highest yielding ships.»
It provided
guidance for revenue in the crucial holiday quarter that was
weaker than analysts had expected.
Nov 7 - Emerson Electric Co gave marginally
weaker earnings
guidance for 2018 than Wall Street had expected on Tuesday, sending shares in the U.S. factory automation equipment maker down as much as 2.8 percent.
Marvell also gave strong fourth - quarter EPS
guidance, but
weak revenue
guidance for the quarter.
The aluminum producer issued
weaker than anticipated
guidance for global demand growth, projecting 4.25 to 5.25 percent growth in 2018, compared to 5.25 percent growth in 2017, according to Thomson Reuters.
Netflix said that is «assumes much of this momentum» in subscriber growth will continue going forward, which is great news
for investors, as some on Wall Street were bracing
for weak guidance.
Cirrus»
guidance reflects continued
weak demand
for portable audio products targeting the smartphone market.
For NetSuite, Splunk, and Zendesk, all cloud - based enterprise software vendors,
weak guidance from similar companies has added fuel to the fire.
Weak guidance from TSMC prompted a more conservative outlook
for iPhones from both analysts.
Fitbit reported earnings and revenue Monday that topped analysts» expectations, but its shares plunged after
weaker - than - expected
guidance for the current quarter.
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Amazon has delivered really
weak operating income
guidance for the last three quarters.
«The initial catalyst was
weaker - than - expected Q3: 18
guidance, which suggested sagging expectations
for Star Wars Battlefront II,» Pachter wrote.
Kik cited «
weak guidance» from the Ontario Securities Commission as to whether Canadian securities law would apply as the reason
for its exclusion of Canadians.