Twitter, Inc. (TWTR) shares plunged nearly 20% to $42.27 in regular trading hours Tuesday after Q1 earnings leaked early and revealed a big revenue miss along with weak Q2 revenue guidance. Twitter had been expected to announce results after market close.
The social networking service reported earnings of $0.07 per share on revenues of $435.9 million, up 74% from a year ago. Analysts were expecting EPS of $0.04 on revenues of $456.6 million. Twitter’s first-quarter net loss however, widened to $162.4 million, or $0.25 per share, compared with a loss of $132.4 million, or $0.23 per share, in the year-earlier period.
Meanwhile, the number of monthly average users in Q1 climbed 18% to 302 million, slightly above the 301 million that the Street was expecting.
For the second quarter, Twitter said it expects revenue to between $470 – $485 million, as compared to analysts’ expectations of $538 million.The company also lowered its full fiscal year 2015 revenue forecast, saying it now expects sales to be between $2.17 – $2.27 billion. The company’s prior forecast was between $2.30 – $2.35 billion.
Shares are moving higher in after-hours, up 3 percent to $43.47.
GoPro, Inc. (GPRO) reported first quarter non-GAAP EPS of $0.24 after the closing bell Tuesday, compared to the consensus estimate of $0.18. Revenues increased 54.1% from last year to $363.1 million. Analysts expected revenues of $341.7 million. Net income was $35.6 million, or $0.24 per diluted share, an increase of 149.4% from $14.3 million, or $0.10 per share, in the first quarter of 2014.
“We kicked off 2015 by delivering the second highest revenue quarter in GoPro’s history,” stated GoPro Founder and CEO, Nicholas Woodman. “We are making investments in talent, technology, software, and innovative new products that will fuel growth and strengthen GoPro’s ecosystem.”
Profitability-wise, GPRO has a t-12 profit and operating margin of 9.19% and 13.42%, respectively. The $6.07 billion market cap company reported $491.9 million in cash in its most recent quarter.
GPRO currently prints a year-to-date loss of 28.52%. The stock is currently down $2.32, or 4.93%, to $44.80 on 8.63 million shares.
Shares of Akamai Technologies, Inc. (AKAM) are down $2.51 to $73.56 after the company released its earnings results on Tuesday. The provider of cloud services reported Q1’15 EPS of $0.61 per share vs. $0.61 consensus on $526.55 million in revenue, up 16.1% from $453.5 million a year ago. The company’s net income came in a $77.7 million, or $0.43 per share, from $72.8 million, or $0.40 per share, a year earlier.
“Q1 was another strong quarter for Akamai driven by continued solid revenue performance across all of our geographies and all of our major product lines, with especially strong growth from our Cloud Security Solutions,” said in a press release Dr. Tom Leighton, CEO of Akamai. “We continued to make major investments in the expansion of our platform and product portfolio to make the Internet fast, reliable and secure for our customers.”
On valuation measures, Akamai Technologies Inc. shares, which currently have an average 3-month trading volume of 1.27 million shares, trade at a trailing-12 P/E of 41.34, a forward P/E of 24.00 and a P/E to growth ratio of 1.88. The median Wall Street price target on the name is $75.00 with a high target of $86.00. Currently ticker boasts 13 ‘Buy’ endorsements, compared to 11 ‘Holds’ and no ‘Sell’.
Profitability-wise, AKAM has a t-12 profit and operating margin of 17.00% and 25.20%, respectively. The $13.63 billion market cap company reported $1.5 billion in cash equivalents and marketable securities as of March 31, 2015.
AKAM currently prints a one year return of 48.07% and a year-to-date return of 22.36%.
Cirrus Logic Inc. (CRUS) dropped $0.37 to $34.76 in after-hours trading after it reported fiscal-fourth quarter earnings.
The fabless semiconductor firm handed in earnings of $0.66 per share on revenue of $255.2 million, beating Wall Street estimates of $0.47 per share on revenue of $231 million. For the current quarter, net income was $21.3 million, or $0.32 per diluted share, compared with net income of $12.6 million, or $0.20 per diluted share in the first quarter of 2014.
“FY15 was a tremendous year for Cirrus Logic. We are extremely pleased to have delivered strong revenue growth, achieved our long-term non-GAAP operating profit target of 20 percent, significantly expanded our product portfolio, and strengthened our business through the acquisition of Wolfson Microelectronics,” said in a statement Jason Rhode, president and chief executive officer. “As we move into FY16, we expect revenue to grow year-over-year as shipments of products designed for audio and voice applications in mobile devices accelerate.”
For Q1/16, CRUS provided revenue guidance of $260 – $280 million, compared to the consensus revenue estimate of $226 million. GAAP gross margin is expected to be between 45% – 47%.
Profitability-wise, CRUS has a t-12 profit and operating margin of 5.73% and 14.55%, respectively. The $2.20 billion market cap company reported $76.40 million in cash vs. $180.43 million in debt in its most recent quarter.
CRUS currently prints a one year return of 55.11% and a year-to-date return of 42.34%.
Buffalo Wild Wings Inc. (BWLD) plunged $16.90, or 9.20%, to $166.80 in after-hours trading after it reported fiscal results for the first quarter.
In its quarterly report, the operator and franchisor of Buffalo Wild Wings restaurants said it earned $1.52 per share, below the $1.63 per share analysts were expecting. Revenue rose 19.8% to $440.6 million, below views for $452.7 million. For the current quarter ending in March, net income increased 2.6% to $29.1 million from $28.3 million, and EPS per diluted share increased 1.7% to $1.52 from $1.49.
Sally Smith, President and Chief Executive Officer, commented, “We’re pleased with our first quarter same-store sales of 7.0% at company-owned restaurants and 6.0% at franchised locations…Same-store sales increased 4.2% at company-owned restaurants and 1.8% at franchised locations for the first four weeks of the second quarter of 2015 compared to 5.7% and 4.4%, respectively, for the same period last year.”
Profitability-wise, BWLD has a t-12 profit and operating margin of 6.21% and 9.20%, respectively. The $3.48 billion market cap company reported $92.6 million in cash in its most recent quarter.
BWLD currently prints a one year return of about 37.72% and a year-to-date return of around 1.84%.