Merit Medical Systems Posts Q4 Loss

Merit Medical Systems, Inc. (MMSI) Monday reported fourth-quarter net loss of $4.2 million or $0.08 per share, compared to net income of $9.2 million or $0.16 per share last year.

Adjusted income for the quarter was $22.1 million or $0.40 per share, compared to $27.0 million or $0.48 per share last year.

Revenues for the fourth quarter were $257.9 million, an increase of 10.6% over revenue of $233.2 million last year.

Analysts polled by Thomson Reuters estimated earnings $0.34 per share on revenues of $252.31 million for the quarter.

Looking forward to full year 2020, Merit expects adjusted earnings of $1.58 to $1.68 per share and revenues of $1.044 billion to $1.064 billion. Analysts currently estimates earnings of $1.56 per share and revenues of $1.05 billion.

Itron Q4 Profit Down

Itron Inc. (ITRI) Monday reported fourth-quarter net income of $14.6 million or $0.36 per share, down from $23.9 million or $0.60 per share last year.

Adjusted earnings dropped to $29 million or $0.72 per share from $35 million or $0.88 per share.

Total revenue for the fourth quarter rose 7% to $628.4 million from $587.0 million last year, driven by growth in the Networked Solutions segment.

By segment, Networked Solutions revenue increased 21% driven by continued strong North America deployments. Outcomes revenue decreased 1%, and Device Solutions revenue decreased 9%.

Analysts polled by Thomson Reuters estimated earnings $0.53 per share on revenues of $598.83 million for the quarter.

Looking forward to full year 2020, the company expects revenue of $2.475 to $2.575 billion and adjusted earnings of $3.35 to $3.85 per share. Analysts currently estimate earnings of $3.60 per share on revenues of $2.55 billion for the quarter.

EverQuote shares plunge after earnings

EverQuote Inc. EVER, -1.95% shares fell more than 12% in the extended session Monday after the company reported revenue above the analyst consensus. The company reported fourth-quarter net income of $934,000, or 4 cents a share, compared with a loss of $6.9 million, or 28 cents a share, in the year-ago period. Revenue rose to $73.8 million from $39.8 million in the year-ago period. Analysts surveyed by FactSet had estimated a loss of 7 cents a share on revenue of $68.2 million. For the first quarter, analysts model a loss of 8 cents a share on sales of $75.4 million. The company said it expects first-quarter revenue of $77 million to $79 million. EverQuote stock has gained 673% in the past year, with the S&P 500 index SPX, -3.35% rising 19.5%.

Nautilus Q4 Profit Up

Nautilus Inc. (NLS) Monday reported fourth-quarter net income of $3.5 million or $0.12 per share, up from $1.4 million or $0.05 per share last year.

Fourth-quarter net sales were $104.2 million, down 9.7% compared to $115.4 million last year. The 4.8% increase in the Retail Segment was offset by a 28.1% decline in the Direct Segment.

Analysts polled by Thomson Reuters estimated loss of $0.14 per share on revenues of $99.78 million for the quarter.

Jeff Bezos loses $4.8B as world’s richest see fortunes drop by $30B

It was a bad day to be a billionaire.

As stocks plummeted worldwide Monday on coronavirus fears, the 10 richest people in the world lost a collective $30 billion, according to Forbes.

Amazon boss Jeff Bezos — the world’s wealthiest person despite weathering the costliest divorce in history last year — saw his net worth tumble by $4.8 billion, to just under $123 billion as shares of his e-commerce juggernaut sank 4 percent.

Bezos’ ex wife MacKenzie likewise saw $1.7 billion wiped from her fortune — which ranks at No. 23 worldwide, according to Forbes.

Jeff Bezos’ Monday loss was matched only by Bernard Arnault, CEO of French luxury conglomerate LVMH, who saw his net worth dip by the same amount to $100.4 billion.

Facebook’s Mark Zuckerberg also felt the heat as his company’s stock slumped 4.5 percent on Monday, costing him $3.4 billion.

The 35-year-old Zuckerberg did, however, narrowly hold onto his spot as the fifth-richest person in the world, with a $74.4 billion net worth compared to Zara CEO Amancio Ortega’s $73 billion, who himself lost $4 billion on Monday.

Tesla’s 7.5 percent skid — worsened by the company’s reliance on its newly-opened China factory for continued growth — knocked $2.4 billion off of Elon Musk’s fortune.

Bill Gates, who previously held the title of richest person in the world, lost a comparatively small $1.5 billion, and finished the day worth $111.1 billion.

Kratos Defense & Security Solutions, Inc. Q4 adjusted earnings Miss Estimates

Kratos Defense & Security Solutions, Inc. (KTOS) announced a profit for fourth quarter that decreased from the same period last year.

The company’s profit totaled $3.0 million, or $0.03 per share. This compares with $4.7 million, or $0.04 per share, in last year’s fourth quarter.

Excluding items, Kratos Defense & Security Solutions, Inc. reported adjusted earnings of $9.7 million or $0.09 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 12.6% to $185.1 million from $164.4 million last year.

Kratos Defense & Security Solutions, Inc. earnings at a glance:

-Earnings (Q4): $9.7 Mln. vs. $9.8 Mln. last year.
-EPS (Q4): $0.09 vs. $0.09 last year.
-Analysts Estimate: $0.10
-Revenue (Q4): $185.1 Mln vs. $164.4 Mln last year.

Bernie Sanders Picks Up 24 Delegates From Nevada, Establishing Lead

Bernie Sanders picked up 24 delegates from Nevada, doubling his total haul in the Democratic presidential primary from the three early-state contests held so far.

With a first-place win in Saturday’s Nevada caucuses, the Vermont senator now has 45 delegates, while former South Bend, Indiana, Mayor Pete Buttigieg has 25 and former Vice President Joe Biden has 15, according to the Associated Press’ delegate tracker.

Massachusetts Senator Elizabeth Warren has eight delegates, while Minnesota Senator Amy Klobuchar has seven.

One delegate from Iowa has not yet been awarded.

Who’s Winning the 2020 Presidential Delegate Count?

Three other candidates in the race — former New York City Mayor Michael Bloomberg, hedge fund manager Tom Steyer and Hawaii Representative Tulsi Gabbard — have not won any delegates so far.

(Michael Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)

Pledged delegates are allocated in caucuses, primaries and party conventions in all 50 states, the District of Columbia and five territories.

The next primary will be held in South Carolina on Saturday, with 54 delegates at stake. Biden is currently the front-runner in the RealClearPolitics average of polls.