Two new kids on the block reported better-than-expected quarterly earnings after the market close Tuesday. Both Hortonworks (HDP) and New Relic (NEWR) turned in results that beat analyst views with higher than forecast revenue and per-share losses that weren’t as bad as analysts expected. Hortonworks stock rose by about 1% in afternoon trading in the stock market today. New Relic stock slipped a fraction. Hortonworks stock is down 19% for the
Ahead of releasing first-quarter results Wednesday, online discount retailer Vipshop (VIPS) denied allegations related to the company’s accounting methods. “Vipshop believes these allegations are unfounded and contain numerous errors, unsupported speculation, and a general misunderstanding of the company’s business model,” it said. According to Vipshop, the concerns relate to its revenue recognition method, inventory accounting, other receivables,
Vivint Solar (VSLR) stock plunged Wednesday after the solar panel installer’s Q1 earnings missed analyst expectations and it guided revenue for the current quarter below estimates. The Lehi, Utah-based residential solar installer late Tuesday said Q1 revenue soared 173% from the year-earlier quarter to $9.55 million, beating Wall Street estimates. But Vivint Solar’s per-share loss minus items of 57 cents was far above the 38-cent loss expected by