Seeking Alpha
  • Tuesday, December 23, 2014

  • 4:25 PM
    • CalAmp (NASDAQ:CAMP) expects FQ4 revenue of $66M-$70M, below a $71.1M consensus. EPS guidance of $0.26-$0.30 is in-line with a $0.28 consensus.
    • FQ3 wireless datacom revenue +10% Y/Y to $54.6M; it was up 11% in FQ2. Satellite revenue -37% to $8.6M; it fell 23% in FQ2. CalAmp notes "specialized telematics device shipments to a key OEM customer in the heavy equipment industry" lifted wireless sales.
    • Wireless datacom revenue is expected to be up Q/Q and Y/Y in FQ4, while satellite revenue is expected to fall to $8M.
    • Gross margin +40 bps Q/Q and +190 bps Y/Y to 35%. Opex +4% Y/Y to $15.6M. CalAmp ended the quarter with $40M in cash/marketable securities (up $3.2M Q/Q), and no debt.
    • FQ3 results, PR
    | 1 Comment
  • 4:21 PM
    • Biogen Idec (NASDAQ:BIIB) will report Q4 and full-year results on January 28 before the open. The conference call will begin at 8:30 am ET.
    • Consensus views for Q4 and 2014 are EPS of $3.78 and $13.53 on revenues of $2.6B and $9.7B, respectively.
    | Comment!
  • 4:10 PM
    • WPCS International Incorporated (NASDAQ:WPCS): FQ2 EPS of -$0.25
    • Revenue of $7.8M (+73.3% Y/Y).
    • Press Release
    | Comment!
  • 4:06 PM
    • Cal-Maine Foods (NASDAQ:CALM): FQ2 EPS of $0.76 in-line.
    • Revenue of $378.6M (+6.9% Y/Y)
    • Shares -0.34% AH.
    • Press Release
    | Comment!
  • 4:02 PM
    • CalAmp (NASDAQ:CAMP): FQ3 EPS of $0.25 beats by $0.02.
    • Revenue of $63.2M (-0.5% Y/Y) in-line.
    • Shares -5% AH.
    • Press Release
    | Comment!
  • 7:38 AM
    • Walgreen (NYSE:WAG) reports comparable-store sales rose 1.5% in FQ1.
    • Traffic at stores was down 2.7% on a comp basis, while the average basket size improved 4.2%.
    • Pharmacy sales were up 9% on a 4.3% gain in prescription count for the quarter.
    • Gross profit margin -100 bps to 27.1%.
    • SG&A expenses +1.8% to $4.456B.
    • WAG +2.3% premarket.
    | Comment!
  • 7:34 AM
    • Walgreen (NYSE:WAG): FQ1 EPS of $0.81 beats by $0.06.
    • Revenue of $19.55B (+6.7% Y/Y) beats by $50M.
    • Shares +2.33% PM.
    • Press Release
  • 6:39 AM
    • Zuoan Fashion (NYSE:ZA): Q3 EPS of -RMB0.13.
    • Revenue of RMB301.08M (-20.9% Y/Y).
    • Press Release
    | Comment!
  • 6:04 AM
    • China Finance Online (NASDAQ:JRJC): Q3 Net income of $1.06M.
    • Revenue of $21.14M (+60.6% Y/Y).
    • Press Release
    | Comment!
  • Monday, December 22, 2014

  • 5:35 PM
  • 5:30 PM
  • 4:02 PM
    • Steelcase (NYSE:SCS): FQ3 EPS of $0.29 beats by $0.03.
    • Revenue of $800M (+1.9% Y/Y) misses by $26.1M.
    • Press Release
    | Comment!
  • 9:45 AM
    • Joint Corp. (JYNT) Q3 results: Revenues: $1.8M (+20.0%); COGS: $0.6M (+20.0%); SG&A: $1.5M (+87.5%); Operating Loss: ($0.3M) (-250.0%); Net Loss: ($0.2M) (-600.0%); Loss Per Share: ($0.04) (-500.0%); Quick Assets: $2.6M (-27.8%); CF Ops: ($0.1m) (-120.0%).
    • No guidance given.
    | Comment!
  • 9:35 AM
    • Bioanalytical Systems (BASI -0.9%) FQ4 results: Revenues: $6.4M (+16.4%); Gross Profit: $1.8M (-5.3%); Operating Expenses: $2.3M (+27.8%); Operating Loss: ($0.5M) (-600.0%); Net Loss: ($0.4M) (-233.3%); Loss Per Share: ($0.05) (-266.7%).
    • FY2014 results: Revenues: $24.6M (+11.3%); Gross Profit: $8M (+12.7%); Operating Expenses: $7.6M (+22.6%); Operating Income: $0.3M (-62.5%); Net Loss: ($1.1M) (-237.5%); Loss Per Share: ($0.13) (-244.4%); Quick Assets: $981K (-24.8%).
    • No guidance given.
    | Comment!
  • 9:10 AM
    | Comment!
  • 9:05 AM
    • Bioanalytical Systems (NASDAQ:BASI): FQ4 EPS of -$0.02.
    • Revenue of $6.42M (+16.5% Y/Y).
    • Press Release
    | Comment!
  • Sunday, December 21, 2014

  • 5:35 PM
  • Friday, December 19, 2014

  • 7:02 PM
    • While Red Hat's (NYSE:RHT) revenue rose 15% Y/Y in FQ3 and its deferred revenue balance 16%, its billings proxy (based on cash flow) was up 19%, notes Barclays (Overweight). "Underlying momentum in the core business, emerging product groups, and better large deal activity reinforce our positive view on the stock."
    • BofA/Merrill (Buy) observes billings growth doesn't fully reflect Red Hat's public cloud growth (+50% Y/Y), given public cloud solutions (offered via partners) are billed "one month in arrears instead of one or more years in advance." It also likes the fact over half of all public cloud clients are SMBs, many of whom weren't prior Red Hat customers, and believes interest in version 7 of Red Hat Enterprise Linux (RHEL) is stronger than for prior versions due to a bevy of new features.
    • Citi (Neutral) is more cautious on account of valuation. "Upside beyond $70 (20x+ FCF) likely requires sustained high teens billings growth which looks like a stretch. We continue to like VMW best in infrastructure software due to discount versus peers and 2015 catalysts (notably vSphere 6).”
    • On the CC (transcript), Red Hat stated app development and emerging technologies revenue (covers middleware, cloud, and storage software) rose 45% Y/Y, and was 14% of total revenue. 62% of bookings came from the Americas, limiting forex pressures a bit.
    • Shares rose 10.6% in regular trading, easily taking out their bubble highs.
    • Prior Red Hat earnings coverage
    | Comment!
  • 6:15 PM
    • NQ closed slightly above $4 a day after finally releasing its Q1-Q3 results, providing cautious Q4 guidance, and announcing it has signed an MOU to do a reverse merger for its FL Mobile unit with apparel retailer Tack Fiori.
    • During the CC (transcript), long-time nemesis Carson Block (the founder of Muddy Waters) managed to jump in by telling the operator he was NQ investor Jim Oberweis, Jr. Block was cut off while asking whether recently-departed co-CEO Henry Lin is in jail, given media speculation to the effect due to Lin's ties to ex-CCTV anchor Rui Chenggang (detained on corruption charges).
    • Omar Khan, still a co-CEO, would only reiterate Lin's departure was for "personal reasons," and not due to "anything related to the company."
    • Khan also mentioned the NQSky enterprise mobility management (EMM) unit is now targeting larger customers, and that his shift is affecting near-term sales due to longer deployment times. He reiterated NQ's long-term revenue targets, but added the company isn't providing 2015 guidance for now.
    • In response to a question about the proposed FL Mobile deal, VP Matt Mathison suggested NQ isn't too interested in Tack Fiori's existing businesses. "This has to do with FL Mobile ... This is the greatest way for us, for experiencing certainty and the most cost effective approach to achieve our objectives of one, unlocking value and two, enabling FL Mobile to continue to expand and grow and benefit from having their own public currency."
  • 5:01 PM
    • Ark Restaurants (NASDAQ:ARKR): FQ4 Net Income of $0.66
    • Revenue of $37.07M (+9.4% Y/Y).
    • Press Release
    | Comment!
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