Notable Earnings: Facebook (FB), SolarCity Corporation (SCTY), Whole Foods Market (WFM)

Facebook, Inc. (FB) reported Q2/15 EPS of $0.50 after the closing bell Wednesday, compared to the consensus estimate of $0.47. Revenues increased 38.9% from last year to $4.04 billion. Analysts expected revenues of $3.99 billion.

Facebook said it ended the quarter with 1.49 billion monthly active users (MAU). That’s a 13% rise year-over-year. MAUs on mobile increased 23% from a year earlier to 1.31 billion. In addition, there were 968 million daily active users overall and 844 million on mobile devices.

Meanwhile, Facebook’s mobile ad revenue totaled 76% of total ad sales, compared to 62% during the same quarter last year, proof that the social networking giant continues to attract advertisers on smartphones and other hand-held gadgets.

“This was another strong quarter for our community,” said in a press release Facebook CEO Mark Zuckerberg. “Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services.”

The results didn’t appear to appease traders as shares dropped $1.70 to $95.29 in AH trading. As of Wednesday’s close, FB was up about 32% year-over-year and 24% year-to-date.

SolarCity Corporation (SCTY) shares are down $0.10 to $57.95 in after-hours trading Wednesday after the company reported its second quarter earnings results.

The installer of solar panels in home and businesses reported earnings of ($0.23) per share on revenues of $102.8 million, up 67.7% from a year ago. Analysts were expecting EPS of ($1.58) on revenues of $90.16 million.

For the current quarter ending in September, SolarCity said it expects non GAAP loss per share between $2.05 to $2.15 per share.

Whole Foods Market, Inc. (WFM) plunged $4.32, or 10.58%, to $36.50 in after-hours trading after it reported fiscal-third quarter earnings.

The natural and organic foods company handed in earnings of $0.43 per share on revenue of $3.68 billion, missing Wall Street estimates of $0.45 per share on revenue of $3.69 billion. In the comparable period of the prior year, Whole Foods Market earned $0.41 per share on sales of $3.38 billion. The company also reported comparable same store sales that fell below expectations, saying sales in existing stores increased 1.3% for the quarter ended July 5. That’s down from a nearly 4% increase year-over-year.

The Austin, Texas-based grocery store also issued lower than expected Q4/15 guidance saying it now expects a range of $0.34 – $0.35 per share (diluted), against projections of $0.38 per share.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.