Список проголосовавших за комментарий " Sector Summary: Industrials trade in-line with the broader market; Delta (DAL) -3.4% on Q1 PRASM guidance cut<p>The Industrials sector (<strong>XLI</strong>) is trading -0.5% lower today, in-line with the broader market (<strong>SPY</strong> -0.5%). In the Industrial Sector airlines (<strong>JETS</strong> -2.2%) are trading lower after Delta (<strong>DAL</strong> -3.4%) announced they were cutting Q1 PRASM guidance. </p><p>Notable airlines moving today: <strong>JBLU</strong> -4.9% <strong>AAL</strong> -4.6% <strong>UAL</strong> -4.4% <strong>VLRS</strong> -3.5% <strong>DAL</strong> -3.4% <strong>ALK</strong> -3% <strong>SKYW</strong> -2.7% <strong>CEA</strong> -2.4% <strong>LUV</strong> -2.5% <strong>HA</strong> -1.9% <strong>ALGT</strong> -1.7% <strong>LFL</strong> -1.6% <strong>CPA</strong> -1%</p><p><strong>Earnings/Guidance</strong></p><ul><li>Armstrong Flooring (<strong>AFI</strong> -12%) reports Q4 loss of $0.09 per share, excluding non-recurring items, $0.04 better than the consensus of ($0.13); revenues fell 3.0% year/year to $271.7 mln vs the $279.18 mln consensus.<ul><li>«In 2017, we expect Adjusted EBITDA to be in the range of $75 million to $85 million, which includes the impact of higher raw material costs, especially lumber. As we continue to generate free cash flow, we are focused on investing in high return projects and other attractive opportunities, and we expect our recently announced repurchase program to generate shareholder value as we work towards a more optimal capital structure.»</li></ul></li><li>Microvision (<strong>MVIS</strong> +2.2%) reports Q4 loss of $0.09 per share, in-line with the single analyst estimate of ($0.09); revenues rose 57.3% year/year to $2.91 mln vs the $2.78 mln two analyst estimate.<ul><li>The co anticipates another year of significant growth in 2017. MicroVision anticipates revenue from its planned LBS engines line of business to be in the range of $30 million to $60 million in the 12 to 18 months following the shipment of the first mass production engines which is expected in Q2 2017. Revenue in 2017 from these products is expected to be weighted to the second half of the year.</li></ul></li><li>Polar Power (<strong>POLA</strong> +13.3%) reports FY16 EPS of $0.58 vs $0.35 two est average; revs +233% YoY to $22.8 mln vs the $23.0 mln two est average. <ul><li>«Already in 2017, the global outlook for the telecommunications industry that we serve remains optimistic led by strong expansion in cellular tower infrastructure in Asia and Africa. The domestic market continues its growth through increased investments in telecom infrastructure by top tier telecom providers. We expect the market for DC generators, along with solar hybrid power generation equipment, will remain strong during 2017, supported by the growth of telecommunications infrastructure in rural and remote areas in developing nations. The work to expand our sales infrastructure has already begun, with us adding new sales personnel in both domestic and international markets, while we continue our investment in plant and equipment to further increase production capacity and reduce manufacturing costs.»</li></ul></li></ul><p><strong>News</strong></p><ul><li>Delta Air Lines (<strong>DAL</strong> -3.4%) cuts Q1 PRASM guidance to flat from +0-2%; operating margin to 10-11% from 11-13%.<ul><li>Market fuel prices tracking ~55%; will be biggest y/y increase in 2017.</li><li>Continues to expect 2H17 revenue trends to improve.</li></ul></li><li>Spirit Aitlines (<strong>SAVE</strong> -0.8%) sees capacity growing between 15-20% annually.</li></ul><p><strong>Broker Research</strong></p><p><strong>Upgrades</strong></p><ul><li>FedEx (<strong>FDX</strong> -0.3%) upgraded to Outperform from Market Perform at BMO Capital.</li><li>Crane (<strong>CR</strong> +4.1%) upgraded to Buy from Neutral at BofA/Merrill.</li><li>Ardmore Shipping (<strong>ASC</strong> +2.2%) upgraded to Buy from Hold at ABN Amro.</li></ul><p><strong>Downgrades</strong></p><ul><li>China Southern Airlines (<strong>ZNH</strong> -0.1%) downgraded to Sell from Neutral at Goldman.</li><li>RBC Capital Mkts raises their GME (<strong>GMS</strong> +0.3%) tgt to $38 from $32.</li></ul>"