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Trader's Alert - eBay Inc (NASDAQ:EBAY), Monster Worldwide, Inc. (NYSE:MWW), Briggs & Stratton Corporation (NYSE:BGG)

Trader's Alert - eBay Inc (NASDAQ:EBAY), Monster Worldwide, Inc. (NYSE:MWW), Briggs & Stratton Corporation (NYSE:BGG)
Written by
Joel Najarian
Published on
October 16, 2014
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Online auction house eBay Inc (NASDAQ:EBAY) cut its FY14 revenue outlook and forecast Q4 revenue lagging the analyst consensus, upstaging Q3 results that beat Wall Street expectations. On a GAAP basis during the three months ended Sept. 30, the company earned $673 million, or $0.54 per share, down from a $689 million profit during the same quarter last year. Excluding one-time items, it reported non-GAAP earnings of $848 million, or $0.68 per share, beating analyst estimates by $0.01 per share.Revenue rose 12% year over year to $4.4 billion, narrowly exceeding the Capital IQ consensus by around $30 million. For the current quarter, eBay Inc (NASDAQ:EBAY) is projecting revenue in a range of $4.85 to $4.95 million, trailing the Street view by at least $210 million. For all of FY14, the company cut its revenue guidance to a new range of $17.85 billion to $17.95 billion, missing estimates by at least $200 million. It sees non-GAAP earnings are seen coming in a range of $0.88 to $0.91 per share during Q3, in-line with the analyst consensus looking for adjusted EPS of $0.91.Monster Worldwide, Inc. (NYSE:MWW), an online employment solutions provider, said Wednesday it will offer $125 million aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified institutional buyers. The company expects to issue an additional $18.75 million of notes to cover over-allotments. The notes will be unsecured, senior obligations of Monster with the interest payable semi-annually. The company intends to use the net proceeds from the offering to pay for the cost of its capped call transaction and to repay its existing debt. Monster Worldwide, Inc. (NYSE:MWW) shares are trading near the low end of the 52-week range of $4.23 - $8.50.Briggs & Stratton Corporation (NYSE:BGG), the maker of air cooled gasoline engines reported narrower-than-expected loss in its fiscal first quarter and increased its full-year guidance. Adjusted Q1 diluted loss per share was $0.21 in the quarter ended September 28. That was narrower than the $0.38 loss per share estimated by four analysts surveyed by Capital IQ. Q1 sales decreased 7.8% to $292.6 million year-over-year, below Wall Street's expectation of $316.8 million. Briggs & Stratton Corporation (NYSE:BGG) increased its fiscal 2015 projection for net income to be in a range of $53 million to $63 million or $1.14 to $1.35 per diluted share, up from a previous guidance of $50 million to $60 million or $1.07 to $1.27 per diluted share.

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