Notable Earnings: Tesla Motors (TSLA), Fleetmatics Group (FLTX), Keurig Green Mountain (GMCR), Whole Foods Market (WFM), Zynga, Inc. (ZNGA)

Tesla Motors, Inc. (TSLA) rallied $4.28 to $234.71 in after-hours trading after it reported fiscal-first quarter earnings.

The Silicon Valley electric car maker handed in non-GAAP earnings of ($0.36) per share on revenue of $1.10 billion, missing Wall Street’s EPS estimates of ($0.50) per share on revenue of $1.04 billion. Q1/15 net income was a loss of $54.2 million, or $1.22 per share. Gross margin came in at 28.2% on a non-GAAP basis.

Tesla said cash and cash equivalents were $1.51 billion at the end of the quarter, down $396 million sequentially, as capex were $426 million in the quarter.

The company reaffirmed that it’s on track to deliver approximately 55,000 Model S and X cars this year.

Fleetmatics Group PLC (FLTX) shares are down $5.54 to $39.12 in after-hours trading Wednesday after the company reported its first quarter earnings results.

The firm reported non-GAAP earnings of $0.33 per share on revenues of $65.5 million, up 26.2% from $51.9 million a year ago. Analysts were expecting EPS of $0.25 on revenues of $64.65 million. Q1 gross margin was 74.6%, down from 76.2% a year earlier. The company’s net income for the period came in at 11.75 million, or $0.30 per diluted share, compared to $3.6 million, or $0.09 per diluted share, for the first quarter of 2014.

“Our first quarter results were highlighted by strong growth in both revenue and earnings,” said in a statement Jim Travers, Chairman and Chief Executive Officer of Fleetmatics. “We are pleased to report that in the first quarter we attained strong sequential growth in subscriptions sold to SMB customers as well as saw a record number of subscriptions both up for renewal and renewed.”

For Q2/15, FLTX provided EPS guidance of $0.24 – $0.26 versus consensus of $0.30 per share. The company also issued revenue projection of $67.9 – $68.7 million, compared to the consensus revenue estimate of $69.48 million.

As of March 31, 2015, Fleetmatics had cash of $172.2 million compared to $175.4 million at December 31, 2014. The $1.71 billion market cap company reported $23.1 million in debt in its most recent quarter.

Keurig Green Mountain, Inc. (GMCR) reported second quarter non-GAAP EPS of $1.03 after the closing bell Wednesday, compared to the consensus estimate of $1.05. Revenues increased 2.2% from last year to $1.13 billion. Analysts expected revenues of $1.15 billion. Profit fell to $155.5 million, or $0.97 per share, from $162.1 million, or $1.03 per share, in the same period a year ago. The stock is currently down $13.64 to $94.44 on 3.11 million shares.

For Q3/15, GMCR provided EPS guidance of $0.75 – $0.80 versus consensus of $1.08 per share.

“Although we are lowering our guidance to reflect the impact of near-term challenges related to this complex product transition, we remain highly confident in our long term strategy for the Keurig hot system and continue to believe there is a significant runway of opportunity,” stated Chief Executive Brian Kelley.

The maker of single-serve coffee brewing systems reported $127 million in cash in its most recent quarter.

Whole Foods Market, Inc. (WFM) dropped $4.96 to $42.76 in after-hours trading after it reported fiscal results for the second quarter.

In its quarterly report, the natural and organic supermarket chain said it earned $0.43 per share, in-line with the $0.43 per share analysts were expecting. Revenue rose 9.8% to $3.65 billion, above views for $3.70 billion. Profit for the second quarter rose to $158 million, or $0.44 per share, from $142 million, or $0.38 per share, a year earlier. Comparable store sales excluding currency impact rose 3.6%. The Street however, was looking for a 5.3% same-store sales increase.

For full year 2015, Whole Foods issued revenue guidance of $15.47 billion, compared to the consensus revenue estimate of $15.74 billion.

Profitability-wise, WFM has a t-12 profit and operating margin of 4.02% and 6.56%, respectively. The $17.22 billion market cap company reported $1.1 billion in cash in its most recent quarter.

WFM currently prints a one year return of 0.65% and a year-to-date loss of around 5%.

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

Shares of Zynga, Inc. (ZNGA) gained $0.16, or 6.13%, to $2.77 after the company reported first-quarter earnings of $183.3 million or ($0.01) per share. Analysts had been modeling $161.2 million and ($0.02) per share. Net loss was $46.50 million, or a loss of $0.05 per diluted share, in the first quarter of 2015, compared to a net income loss of $61.2 million, or $0.07 per diluted share, in the first quarter of 2014.

For Q2/15, the San Francisco, Calif.-based video game maker, which also said it would cut about 18% of its workforce, provided EPS guidance of ($0.02) versus consensus of ($0.02) per share. The company also issued revenue projection of $175-190 million, compared to the consensus revenue estimate of $159.80 million.

Be the first to comment

Leave a Reply

Your email address will not be published.


*