Trip Advisor Posts Solid Numbers in Quarter
Trip Advisor (TRIP) reported solid 4Q earnings with rev. 3% above our estimate, helped by strength in Display (46% y/y) and Other (53% y/y). Adj. EBITDA was 1% below consensus and 9% below our forecast largely due to higher than expected TV ad spend, which we believe was amplified in the quarter as the company sought to test and refine within the somewhat new channel. … Continue reading Trip Advisor Posts Solid Numbers in Quarter
Pacific Biosciences Posts Encouraging Quarterly Results
PacBio reported results that were in line with our expectations but slightly ahead of consensus. Revenue was $9.1 million, relative to our estimate of $9.8 million and consensus of $8.8 million, and loss per share was $0.26, relative to our estimate and consensus of loss per share of $0.28. The company booked orders for 9 PacBio RS systems in the quarter (versus our estimate of … Continue reading Pacific Biosciences Posts Encouraging Quarterly Results
3D Systems Forecasts 2014 Declines
3D Systems announced preliminary fourth quarter and full year 2013 results Wednesday morning, with revenue in line with expectations and a full-year adjusted EPS range of $0.83-$0.87, below previous guidance and consensus expectations. Management’s previous full-year adjusted EPS guidance range was $0.93-$1.03 and consensus was $0.97. GAAP EPS for the full year are expected to be $0.43-$0.45. The earnings shortfall was attributed to gross margin … Continue reading 3D Systems Forecasts 2014 Declines
Automatic Data Processing Posts Strong Growth in Quarter
Automatic Data Processing (ADP) reported solid fiscal second-quarter results Wednesday morning. Revenue growth was 9%, and EPS of $0.78 were about $0.01 above our estimate, although the $0.01 of upside is mainly attributable to a lower-than-expected tax rate. The fastest-growing part of the company remained the PEO segment (up 14%, 18% of total revenue), but revenue growth also was slightly better than expected in the … Continue reading Automatic Data Processing Posts Strong Growth in Quarter
InterActiveCorp Set to Report Q4 Earnings
InterActiveCorp is set to report 4Q13 results tomorrow before the market opens. Shares have risen steadily following soft 3Q Search results as a company-wide reorganization in December sparked expectations of a pending Match.com spin-off. We do not currently anticipate a spin announcement tomorrow, the absence of which could drive shares lower despite extremely low fundamental expectations, particularly regarding Search. However, even using conservative assumptions with … Continue reading InterActiveCorp Set to Report Q4 Earnings
TechTarget Has Muted Outlook but Strong Forecasts for 2014
TechTarget (TTGT) reported essentially in-line 3Q13 results as revenue growth in product offerings and international were able partially offset ongoing weakness in the North American IT Market. Total revenue fell 10% year over year, and while 4Q revenue guidance of a 7% year over year decline at the mid-point calls for minimal improvement, management cited a return to double-digit growth in Online revenue for 2014 … Continue reading TechTarget Has Muted Outlook but Strong Forecasts for 2014
