Notable Earnings: Broadcom (BRCM), Super Micro Computer (SMCI), iRobot (IRBT), Yahoo (YHOO), Illumina Inc. (ILMN)

Broadcom Corp. (BRCM) shares are up $1.99 to $45.95 in after-hours trading Tuesday after the company reported its first quarter earnings results.

The semiconductor solutions provider reported earnings of $0.64 per share on revenues of $2.06 billion, up 3.7% from a year ago. Analysts were expecting EPS of $0.60 on revenues of $2.01 billion. For the current quarter, GAAP net income was $209 million, or $0.34 per share, compared with net income of $165 million, or $0.28 per share, in the first quarter of 2014.

“Broadcom delivered better-than-expected results in the March quarter driven by strength in the high-end smartphone and broadband access markets,” said in a statement Scott McGregor, Broadcom’s President and Chief Executive Officer. “Looking to the June quarter, we see operating performance continuing to strengthen on tight operating expense discipline and strong margins, consistent with our objective of driving profitable growth.”

For Q2/15, BRCM provided revenue guidance of $2.02 -$2.08 billion, compared to the consensus revenue estimate of $2.07 billion.

On valuation measures, Broadcom Corp. shares, which currently have an average 3-month trading volume of 5.69 million shares, trade at a trailing-12 P/E of 40.70, a forward P/E of 14.53 and a P/E to growth ratio of 1.20. The median Wall Street price target on the name is $50.00 with a high target of $55.00. Currently ticker boasts 22 ‘Buy’ endorsements, compared to 16 ’Holds’ and 1 ‘Sell’.

Profitability-wise, BRCM has a t-12 profit and operating margin of 7.74% and 14.84%, respectively. The $26.33 billion market cap company reported $1.67 billion in cash vs. $1.59 billion in debt in its most recent quarter.

BRCM currently prints a one year return of about 47% and a year-to-date return of 0.99%.

The chart below shows where the equity has traded over the last 52 weeks.

Super Micro Computer, Inc. (SMCI) reported third-quarter non-GAAP EPS of $0.47 after the closing bell Tuesday, compared to the consensus estimate of $0.49. Revenues increased 26.1% from last year to $471.2 million. Analysts expected revenues of $475.88 million. GAAP net income for the quarter was $23.1 million, or $0.44 per share, an increase of 39.1% from the net income of $16.6 million, or $0.35 per share in the same period a year ago.

“Supermicro again delivered industry leading growth in the third quarter with 26.1% year over year growth in a seasonally affected quarter. We continued our strong pace of growth in our server and storage solutions business contributing 64.1% of total revenue and with 53.9% of revenues coming from the OEM and Direct customers. Storage, GPU/Xeon Phi, and our Twin family solutions continue to grow strongly year over year, “ said in a statement Charles Liang, Chairman and CEO. “As we approach the final quarter of this fiscal year we are excited about our opportunities to improve our strong growth trend.”

For Q4/15, the San Jose, California-based server solutions developer provided EPS guidance of $0.53 – $0.62 versus consensus of $0.62 per share. The company also issued revenue projection of $510 – $560 million, compared to the consensus revenue estimate of $543.75 million.

The $1.62 billion market cap company reported $109.24 million in cash in its most recent quarter.

The stock is currently down $1.17 to $33.64 on 1.57 million shares.

Shares of iRobot Corporation (IRBT) are down $1.70 to $31.51 after the company released its earnings results on Tuesday. The robotics technology firm reported Q1’15 EPS of $0.16 per share vs. $0.16 consensus on $118 million in revenue, up 3.3% from a year ago. For the current quarter ending in June, profit was $4.8 million, compared with Q1/14 net income of $5.3 million.

“Our first quarter results exceeded our expectations. Home Robot revenue was up slightly over last year while Defense & Security Robot revenue grew 17%. We are off to a good start in 2015 as we weather global macros and invest to drive Home Robot growth,” said in a statement Colin Angle, chairman and CEO of iRobot.

The San Jose, California-based company guided Q2/15 revenues of $143 – $146 million, as compared to analysts’ expectations of $157.12 million. The management also gave its bottom line EPS range of $0.02 – 0.06 per share, against projections of $0.37 per share.

The $985.41 million market cap firm reported $183.66 million in cash in its most recent quarter.

IRBT currently prints a one year loss of about 10% and a year-to-date loss of around 1%.

The chart below shows where the equity has traded over the last 52 weeks.

Yahoo! Inc. (YHOO) dropped $0.84 to $43.65 in after-hours trading after it reported fiscal-first quarter earnings.

The web portal handed in earnings of $0.15 per share on revenue of $1.04 billion, missing Wall Street estimates of $0.18 per share on revenue of $1.05 billion. Net income attributable to Yahoo fell to $21.2 million, or $0.02 per share, for the quarter ended March 31, from $311.6 million, or $0.29 per share, a year earlier.

“Yahoo is amidst a multi-year transformation to return an iconic company to greatness. This quarter, we saw encouraging revenue growth of 8%, with display revenue growing a modest 2% and search growing 20% on a GAAP basis. Our mobile GAAP revenue reached $234 million in Q1, growing 61% year-over-year,” said in a press release Marissa Mayer, CEO of Yahoo. “We anticipated that we would grow GAAP revenue ahead of revenue ex-TAC and EBITDA, and that’s precisely what we saw this quarter. For the next phase of the transformation, we will focus on accelerating our GAAP revenue growth while managing our margins and costs.”

Profitability-wise, YHOO has a t-12 profit and operating margin of 162.87% and 5.13%, respectively. The $41.65 billion market cap company reported $6.9 billion in cash in its most recent quarter.

Yahoo currently prints a one year return of 22.76% and a year-to-date loss of around 12%.

Illumina Inc. (ILMN) rallied $7.23 to $206.54 in after-hours trading after it reported fiscal results for the first quarter.

In its quarterly report, the genetic testing tools company said it earned $0.91 per share, well above the $0.72 per share analysts were expecting. Revenue rose 28.0% to $539 million, above views for $524.93 million. For the current quarter, net income was $136.7 million, or $0.92 per share, compared to $60 million, or $0.40 per share, for the first quarter of 2014.

“In the first quarter we delivered significant earnings growth as a result of strong demand for products across our sequencing portfolio,” stated Jay Flatley, CEO. “While the genomics market remains nascent, our best-in-class product offerings are accelerating adoption, setting the stage for a robust 2015.”

For full fiscal year 2015, ILMN provided EPS guidance of $3.36 – $3.42 versus consensus of $3.20 per share. The company also issued revenue projection of $2.23 billion, compared to the consensus revenue estimate of $2.26 billion.

Profitability-wise, ILMN has a t-12 profit and operating margin of 18.98% and 26.67%, respectively. The $28.66 billion market cap company reported $533.53 million in cash in its most recent quarter.

ILMN currently prints a one year return of 42.62% and a year-to-date return of around 5%.

The chart below shows where the equity has traded over the last 52 weeks.

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