Notable Earnings: Horizon Pharma (HZNP), JD.com (JD), WhiteWave Foods (WWAV), AOL Inc. (AOL)

Horizon Pharma plc (HZNP) shares are down $0.39 to $29.00 in pre-market trading Friday after the company reported its first quarter earnings results.

The drugmaker posted earnings of $0.21 per share on revenues of $113.10 million, up 118% from $52 million a year ago. Analysts were expecting EPS of $0.21 on revenues of $105.20 million. Q1 GAAP gross margin was 74%, down from 85% a year earlier. The company’s net income for the period came in at ($19.6) million, or ($0.16) per diluted share, from a loss of $206.3 million, or ($3.07) per diluted share, a year earlier.

“Horizon’s strong first-quarter 2015 performance reflects the outstanding work of our commercial team…,”commented Timothy P. Walbert, chairman, president and CEO, Horizon Pharma plc. “In particular, we’re extremely pleased with the first-quarter results of our primary care business unit, where we saw significant outperformance with our launch of PENNSAID 2% as well as strong performance of DUEXIS and VIMOVO. We expect the acquisition of Hyperion, which closed yesterday, to further diversify our product portfolio and enhance our business performance. To that end, today we’re raising our full-year 2015 guidance. We now forecast net sales of $590 to $610 million and adjusted EBITDA of $235 to $250 million.”

Profitability-wise, HZNP has a t-12 profit and operating margin of (88.77%) and (2.86%), respectively.

Liquidity: As of March 31, 2015, the $4.27 billion market cap company had cash and cash equivalents of $544.2 million, an increase of $325.4 million from Dec. 31, 2014.

JD.com, Inc. (JD) reported first quarter EPS of ($0.02) before the opening bell Friday, compared to the consensus estimate of $0.00. Revenues increased 61.7% from last year to 36.6 billion yuan ($5.90) billion. Analysts expected revenues of $35.59 billion ($5.81) billion. Net loss for the period was $114.6 million and net margin was negative 1.9%.

“We are pleased to begin 2015 with another strong quarter of top-line performance driven by JD.com’s growing brand awareness and nationwide reputation for product authenticity and superior customer experience,” said in a press release Richard Liu, founder, Chairman and CEO of JD.com.

China’s No.2 e-commerce company said annual active customer accounts increased by 90% to 105.2 million in the 12 months ended March 31, 2015 from 55.5 million in the 12 months ended March 31, 2014. The firm also announced its participation in a $500 million investment in Tuniu Corp.

Working Capital : As of March 31, 2015, JD’s cash and cash equivalents, restricted cash and short-term investments totaled $4.3 billion.

The stock is currently down $1.08 to $32.00 on 94K shares.

($1 = 6.21 CNY)

Shares of The WhiteWave Foods Company (WWAV) gained $0.75 to $44.47 after the company released its earnings results on Friday. The maker of Horizon Organic milk and Silk beverages reported Q1’15 EPS of $0.24 per share vs. $0.22 consensus on $911 million in revenue, up nearly 10% from a year ago. On a constant currency basis, Q1/15 net sales increased 13% over the same period in 2014. Net income in the period came in at $33 million, or $0.19 per share, from  $32 million, or $0.18/shr, year-over-year.

“We continued to deliver very strong results in 2015, with double-digit topline growth that we leveraged into even higher levels of operating performance in the first quarter,” said in a statement Kelly Haecker, executive vice president and chief financial officer. “Despite additional currency headwinds and increased marketing investments, our solid consolidated operating performance resulted in Q1 earnings per share of $0.24, exceeding the high-end of our guidance by $0.02.”

For Q2/15, WWAV provided EPS guidance of $0.25 – $0.27 versus consensus of $0.25 per share. The company expects full-year 2015 EPS in the range of $1.10 to $1.14 per share.

Profitability-wise, WWAV has a t-12 profit and operating margin of 4.08% and 8.11%, respectively. The $7.65 billion market cap company reported $31 million in cash vs. $1.5 billion in debt in its most recent quarter.

WWAV currently prints a one year return of 64.30% and a year-to-date return of around 25%.

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

AOL Inc. (AOL) reported first quarter non-GAAP EPS of $0.34 before the opening bell Friday, compared to the consensus estimate of $0.32. Revenues increased 7.1% from $583.3 million last year to $625.10 million. Analysts expected revenues of $594 million. Net income for the period ended March 31 came in at $7 million, or $0.09 per share on a diluted basis, down 25% as compared to a net income of $9.3 million, or $0.11 per share on a diluted basis, for the first quarter of 2014.

“AOL grew its consumer base strongly and saw continued strength in video, mobile and programmatic advertising, while we also updated the structure and capabilities of the company,” said in a statement Tim Armstrong, AOL Chairman & CEO. “AOL continues to grow in strength and we are on a mission to scale the first Media Technology company of the internet and mobile age.”

On valuation measures, AOL Inc. shares, which currently have an average 3-month trading volume of 924K shares, trade at a trailing-12 P/E of 26.09, a forward P/E of 16.48 and a P/E to growth ratio of 2.71. The median Wall Street price target on the name is $45.50 with a high target of $67.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 10 ’Holds’ and no ‘Sell’.

Profitability-wise, AOL has a t-12 profit and operating margin of 4.97% and 9.35%, respectively. Cash Position: The $3.09 billion market cap company said it had $477 million of cash and equivalents and no outstanding borrowings under its revolving credit facility at March 31, 2015.

The name currently prints a one year return of 13% and a year-to-date loss of around 15%. AOL shares are currently up $2.11 to $41.50 on 74K shares.

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