Notable Earnings: Twitter, Inc. (TWTR), Gilead Sciences (GILD), Black Box Corporation (BBOX)

Twitter, Inc. (TWTR) reported second quarter EPS of $0.07 after the closing bell Tuesday, compared to the consensus estimate of $0.04. Revenues increased 60.8% from last year to $502 million. Analysts expected revenues of $481.4 million. The company’s net loss narrowed to $136.7 million, or $0.21 a share, from $144.6 million, or $0.27 per share in 2014 . The social-media company also boosted its forecast for FY15 sales, saying it sees Q3 revenues of $545-$560 million, as compared to analysts’ expectations of $556.29 million.

Average monthly active users were 316 million for the quarter ended June 30, 2015, up 15% yoy, and compared to 308 million in the previous quarter.

“Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience,” said in press release Jack Dorsey, interim CEO of Twitter. “In order to realize Twitter’s full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter’s value faster, and better communicate that value.”

TWTR is currently up $1.28 to $37.82 on 37.31 million shares.

Gilead Sciences Inc. (GILD) shares are up $3.74 to $116.81 in after-hours trading Tuesday after the company reported its second quarter earnings results.

The Foster City, California-based drug maker reported EPS of $3.15 on revenues of $8.22 billion, up 25.8% from a year ago. Analysts were expecting EPS of $2.71 on revenues of $7.59 billion. Net income for the quarter rose to $4.5 billion, or $2.92 per share, from $3.65 billion, or $2.20 per share, a year earlier.

Gilead said it expects full-fiscal 2015 EPS in the range of $0.82 to $0.87 per share.

Black Box Corporation (BBOX) dropped $0.61 to $17.00 in after-hours trading after it reported fiscal results for the first quarter 2016.

In its quarterly report, the company said it earned $0.22 per share, well below the $0.27 per share analysts were expecting. Revenue fell 6.98% yoy from $245.2 million to $229.2 million, below views for $239.7 million. Net income came in at $0.8 million, down 81% from $3.9 million for the same period last year.

Commenting on the 1Q/16 results, Michael McAndrew, President and CEO, said, “Growth in our Solutions Practices and our large managed services contract during the quarter was not able to overcome delays in awards in our Federal business and a decline in our core North America commercial services offerings. Our earnings shortfall is directly attributable to that revenue shortfall. In light of these results, we believed it was prudent to adjust our annual outlook to account for these contemporary events.”

Looking ahead, for the Q2/16 the company is targeting revs in the range of $238 million to $243 million. Operating EPS in the range of $0.36 to $0.41.

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