Tag Archives: sbux

After Hours: GoPro, Square, CyberArk, FireEye, Herbalife Earnings

Square ( SQ ), GoPro ( GPRO ), Herbalife ( HLF ),  CyberArk ( CYBR ) and FireEye ( FEYE ) were among those reporting late Thursday. Square Square reported an adjusted net loss of 14 cents a share, missing expectations for a 9-cent per-share loss, as operating costs soared 72%. Revenue grew 51% to $379 million, beating expectations for $343.6 million. Square’s adjusted revenue excludes transaction revenue from its Starbucks ( SBUX ) deal, which is set to expire in Q3. Gross payment volume jumped 45% to $10.3 billion. The mobile payment company raised its full-year adjusted revenue outlook to $615 million-$635 million from $600 million-$620 million previously. Shares 12% late, after closing down 2.5%. GoPro GoPro swung to a loss of 63 cents a share in Q1 from a profit of 24 cents a share last year, missing analyst estimates for a per-share loss of 60 cents. Revenue dropped 50% to $183.5 million, beating projections for $169.1 million. The action camera maker reaffirmed its 2016 revenue guidance of $1.35 billion-$1.5 billion, while analysts have estimated $1.375 billion. Shares initially rose after hours, but reverse to trade down 1%. GoPro fell 6.05% during the regular session. Herablife The nutritional supplements firm earned $1.36 a share in Q1 excluding various items, up 5% vs. a year earlier, defying forecasts for a fifth straight year-over-year decline, to $1.09. Sales rose 1% to $1.11 billion, its first increase in six quarters. Sales rose 11% excluding currency swings. Herbalife also said that talks with the FTC over its marketing are at an advanced stage, saying it expects to pay about $200 million in a settlement. Herbalife sees Q2 EPS of $1.10-$1.20 raised its full-year EPS target to $4.40-$4.75 from $4.05-4.50. Analysts had expected $1.16 in Q2 and $4.65 for 2016. Herbalife stock shot up 14% in after-hours trading to 66.46 on its strong Q1 results and hopes for an FTC resolution. That would be the highest in nearly two years and above a buy point at 63.69. CyberArk Software The cybersecurity company said Q1 earnings grew 44% to 23 cents a share. Revenue grew 43% to $46.9 million, said CyberArk. Management sees Q2 EPS of 18-20 cents on $47.5 million-$48.5 million in revenue, the midpoints of which are above current analyst views for 18 cents a share on $47.5 million. For the year, CyberArk expects EPS of 87-91 cents on $209.0 million-$211.0 million in total revenue vs. forecasts for 87 cents a share on $206.9 million. Shares fell about 4% late after closing up 1.6%. FireEye FireEye announced several leadership shuffles, notably that current President Kevin Mandia will become CEO of the cybersecurity software firm, with current CEO and Chairman David DeWalt becoming executive chairman of the board, effective June 15. In Q1, FireEye lost 47 cents a share, slightly narrower than the prior-year quarter’s 48-cent per-share loss and ahead of views for a 50-cent per-share loss. Revenue rose 34% to $168 million, short of estimates for $171.8 million. Q2 guidance for a loss of 38-40 cents a share and $178 million-$185 million in revenue is worse than views for a 36-cent per-share loss on $192.8 million in revenue. For the year, it sees a per-share loss of $1.20-$1.27 on $780 million-$810 million in sales vs. views for a $1.25 per-share loss and $828.6 million in revenue. Shares sank nearly 7% after hours.

Facebook Surges To New All-Time High But Closes Below Buy Range

Loading the player… After Facebook ’s ( FB ) stellar quarterly report Wednesday evening, the social networking giant’s stock hit a new all-time high in the stock market today . For most of the day, the stock was trading in buy range, but Facebook closed the regular session just below that level. The attempted breakout comes as other big names have recently neared buying opportunities but crumbled on their quarterly results, including Google owner Alphabet ( GOOGL ), Microsoft ( MSFT ) and Starbucks ( SBUX ). Facebook’s earnings jumped 83%, while sales grew 52%. Both topped views and marked a third straight quarter of accelerating growth for the top and bottom lines. Shares jumped 7.2% in huge volume, hitting a new all-time high  and breaking out of a cup-with-handle base with a 117.09 buy point in intraday trade. But the stock faded as the market sold off and closed the day at 116.73. After hours, the stock rose a fraction to reclaim the buy point. Facebook earns an IBD Composite Rating of 95 out of 99, meaning its shares outperform 95% of all stocks in the market, based on fundamental and technical factors. IBD’s Take: How healthy are the shares of Facebook and its rivals? Find out at IBD Stock Checkup Alphabet gapped below its 50-day line after its report last week. Shares tested support at the 200-day line in Wednesday’s session and are breaching that level today. Alphabet is now trading 12% below its February high, down 2.3% in intraday trade. Microsoft also gapped below its 50-day line in the wake of its results last week. Shares are breaking below their 200-day line in intraday trade Thursday, falling 2%, and are about 12% below their December peak. Starbucks is now trading below its 50-day and 200-day lines, and hit a new two-month low in intraday trade as it fell 0.8%. Shares are 11% below their October high. And while Apple ( AAPL ) wasn’t near buy range ahead of its report Tuesday night, shares gapped down to a two-month low on disappointing results. Apple is 28% below its high, reached exactly one year ago today, with shares down 3.1%. Meanwhile, Amazon ( AMZN ) was flirting with trading in buy range ahead of its quarterly report after the close. Shares jumped late on view-topping results.

Why Right Now Is The Perfect Time To Buy Facebook Stock

Loading the player… After Facebook ’s ( FB ) stellar quarterly report Wednesday evening, the social networking giant’s stock is trading in buy range in the stock market today . The breakout comes as other big names have recently neared buying opportunities but crumbled on their quarterly results, including Google owner Alphabet ( GOOGL ), Microsoft ( MSFT ) and Starbucks ( SBUX ). Facebook’s earnings jumped 83%, while sales grew 52%. Both topped views and marked a third straight quarter of accelerating growth for the top and bottom lines. Shares jumped 8% in huge volume, hitting a new all-time high in intraday trade and breaking out of a cup-with-handle base with a 117.09 buy point. Shares are in buy range to 122.94. But the stock is now trading at the lower end of the day’s range, about 50 cents above the buy point. Facebook earns an IBD Composite Rating of 95 out of 99, meaning its shares outperform 95% of all stocks in the market, based on fundamental and technical factors. IBD’s Take: How healthy are the shares of Facebook and its rivals? Find out at IBD Stock Checkup Alphabet gapped below its 50-day line after its report last week. Shares tested support at the 200-day line in Wednesday’s session and are breaching that level today. Alphabet is now trading 12% below its February high, down 1.4% in intraday trade. Microsoft also gapped below its 50-day line in the wake of its results last week. Shares are breaking below their 200-day line in intraday trade Thursday, falling 1.6%, and are about 11% below their December peak. Starbucks is now trading below its 50-day and 200-day lines, and hit a new two-month low in intraday trade as it fell a fraction. Shares are 11% below their October high. And while Apple ( AAPL ) wasn’t near buy range ahead of its report Tuesday night, shares gapped down to a two-month low on disappointing results. Apple is 27% below its high, reached exactly one year ago today, with shares down 1.8%. Meanwhile, Amazon ( AMZN ) is trading in buy range ahead of its quarterly report after the close. Amazon risked dropping back below the buy zone in Wednesday’s session, but shares are trading up 1% today in anticipation of the report.