Daily Archives: July 22, 2016

Lending Club Scandal Provokes Major UK ‘Peer-To-Peer’ Investigation

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Campaign for Fair Finance (CFF) founder Dr Roger Gewolb has welcomed the intervention of the UK Financial Conduct Authority’s (FCA) new chief executive Andrew Bailey as an investigation gets underway into peer-to-peer (P2P) lending, a relatively new internet-based way of obtaining a loan. It comes amid concerns in the US and UK about how safe the sector is and protections afforded to consumers.

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Apple’s Q3 Earnings Will Trend Lower On Sluggish iPhone And Mac Sales

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Apple is scheduled to publish its fiscal Q3 results on Tuesday, July 26, reporting on another challenging quarter that is likely to see revenues and margins contract on a year-over-year basis amid sluggish iPhone and Mac sales. Apple has guided for revenues of between $41 billion and $43 billion for the quarter, with gross margins in the range of 37.5% to 38%. Below we provide some of the key trends to watch when Apple publishes earnings.
We have a $123 price estimate for Apple, which is close to 30% ahead of the current market price.

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Pandora’s Stock Wavers As Earnings Are Overshadowed With Deal Talk

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Pandora‘s recently reported Q2 fiscal 2016 earnings turned out marginally better than expectations, with non-GAAP diluted loss per share 4 cents better than the consensus estimate. However, revenue at $343 million, fell $7 million short of the consensus and total listener count dropped to 78.1 million from 79.4 million in Q1. Nevertheless, a marginal increase in active listener count was reassuring and the company deemed it a strong quarter.

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