Yelp Inc. (YELP) shares are down $7.08, or 14%, to $44.20 in after-hours trading Wednesday after the company reported its first quarter earnings results.
The operator of consumer review website Yelp.com reported non-GAAP earnings of $0.10 per share on revenues of $118.5 million, up 55.1% from $76.4 million a year ago. Analysts were expecting EPS of $0.16 on revenues of $119.84 million. Net loss attributable to common stockholders narrowed to ($1.28) million, or ($0.02) per share, in the first quarter ended March 31, from ($2.63) million, or ($0.04) per share, a year earlier.
“We are excited about our start to the year as we’ve made significant progress on our key initiatives for 2015,” stated Jeremy Stoppelman, Yelp’s CEO. “In the first quarter, we acquired Eat24 to drive daily usage and improved utility of Yelp and added partners in five additional verticals of Yelp Platform. Looking to the rest of the year, we will continue to seek ways to increase engagement and drive awareness, while striving to demonstrate the value we can deliver to local businesses in order to capture the large local advertising market opportunity.”
For Q2/15, net revenue is expected to be in the range of $131 million to $134 million, compared to the consensus revenue estimate of $137.86 million.
On valuation measures, Yelp Inc. shares, which currently have an average 3-month trading volume of 2.50 million shares, trade at a trailing-12 P/E of 107.96, a forward P/E of 89.96 and a P/E to growth ratio of 5.21. The median Wall Street price target on the name is $68.00 with a high target of $90.00. Currently ticker boasts 23 ‘Buy’ endorsements, compared to 10 ‘Holds’ and 1 ‘Sell’.
Profitability-wise, YELP has a t-12 profit and operating margin of 9.66% and 3.09%, respectively. The $3.83 billion market cap company reported $172.6 million in cash vs. $52.9 in total liabilities in its most recent quarter.
YELP currently prints a one year loss of about 8% and a year-to-date loss of around 6.50%.
The chart below shows where the equity has traded over the last 52 weeks.
Glu Mobile, Inc. (GLUU) reported first quarter non-GAAP EPS of $0.02 after the closing bell Wednesday, compared to the consensus estimate of ($0.01). Revenues increased 32.8% from last year to $62.4 million. Analysts expected revenues of $51.70 million. Q1 GAAP gross margin was 59%, down from 69% a year earlier. The company’s net income for the period came in at $1.1 million, or $0.01 per share, from $0.1 million, or $0.00 per share, a year earlier.
“Glu delivered a strong start to 2015 evidenced by our ability to exceed expectations across all key metrics, particularly non-GAAP revenue which increased 33%,” commented Niccolo de Masi, Chairman and Chief Executive Officer of Glu. “The outperformance during the first quarter was driven by the ongoing traction of Kim Kardashian: Hollywood, Racing Rivals, Deer Hunter 2014, and Contract Killer: Sniper.”
For Q2/15, the developer of free-to-play games for smartphone and tablet devices provided EPS guidance of ($0.05) – ($0.03) versus consensus of ($0.01) per share. The company also issued revenue projection of $50 – $52 million, compared to the consensus revenue estimate of $51.10 million.
Cash and Cash Flows: As of March 31, 2015, Glu had cash and cash equivalents of $65.7 million and no debt.
The stock is currently up $0.88 to $6.28 on 8.32 million shares.
Shares of Baidu, Inc. (BIDU) are down $4.01 to $214.99 after the company released its earnings results on Wednesday. The Chinese web services firm reported Q1’15 EPS of $1.22 per share vs. $1.11 consensus on $2.05 billion in revenue, up 34% from a year ago. Net income attributable to Baidu in the period was ($395.1) million, or ($1.09) per share, a 3.4% decrease from the corresponding period in 2014.
“Mobile’s tremendous momentum continued this quarter, with mobile contributing 50% of total revenue,” said in a statement Robin Li, chairman and CEO of Baidu. “Baidu is redefining the search box by building an ecosystem to connect people with services and drive closed loop transactions.”
For Q2/15, BIDU provided revenue guidance of $2.64 – $2.70 billion, compared to the consensus revenue estimate of $2.68 billion, representing a yoy increase of 36.5% to 39.7%.
Liquidity: As of March 31, 2015, Baidu had net cash and cash equivalents and short-term investments of $9.36 billion.
The name currently prints a one year return of 45.23% and a year-to-date loss of around 4%.
Equinix, Inc. (EQIX) rallied $13.20 to $258.00 in after-hours trading after it reported fiscal-first quarter earnings.
The data center operator handed in earnings of $1.34 per share on revenue of $643.2 million, beating Wall Street estimates of $0.80 per share on revenue of $637.3 million. The company’s net income came in a $76.45 million, or $1.34 per share, from $41.38 million, or $0.81 per share, a year earlier.
“Our year is off to a strong start with demand for our global interconnection platform driving strong performance in all three regions resulting in both quarterly revenues and adjusted EBITDA significantly above the top end of our guidance ranges,” said in a statement Steve Smith, president and CEO of Equinix.
For Q2/15, EQIX provided EPS revenue of $654 – $658 million, compared to the consensus revenue estimate of $654 million.
Profitability-wise, EQIX has a t-12 profit and operating margin of (10.62%) and 20.94%, respectively. The $13.82 billion market cap company reported $1.06 billion in cash in its most recent quarter, as compared to $1.14 billion in Q1/14.
EQIX currently prints a one year return of 38.23% and a year-to-date return of 8.75%.
LifeLock, Inc. (LOCK) gained $0.16 to $14.80 in after-hours trading after it reported fiscal results for the first quarter.
In its quarterly report, the identity theft protection services provider said it posted ($0.06) per share, above the ($0.07) per share analysts were expecting. Revenue rose 24.9% to $134.4 million from $107.6 million yoy, above views for $133.80 million. Net loss for the period was $9.2 million, or $0.10 per share, compared with a net loss of $4.3 million, or $0.05 per share for the first quarter of 2014.
“Against a backdrop of continued data breaches, we produced the best quarter of gross new member additions in the history of the company.” stated Todd Davis, LifeLock’s Chairman and CEO. “We believe this performance is indicative of the power of our brand and the growing recognition of the differentiated nature of our offerings.”
Guidance: For Q2/15, LOCK provided EPS guidance of $0.08 – $0.09 versus consensus of $0.11 per share. The company also issued revenue projection of $143 – $144 million, compared to the consensus revenue estimate of $143 million.
Balance Sheet: LifeLock’s total cash and marketable securities at the end of Q1/15 was $293.4 million, up from $273.9 million at the end of Q4/14.
On valuation measures, LifeLock Inc. shares, which currently have an average 3-month trading volume of 1.02 million shares, trade at a trailing-12 P/E of 542.22, a forward P/E of 16.45 and a P/E to growth ratio of 0.82. The median Wall Street price target on the name is $20.00 with a high target of $25.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 1 ‘Hold’ and no ‘Sell’.
The chart below shows where the equity has traded over the last 52 weeks.