Seeking Alpha
  • Today - Sunday, March 29, 2015

  • 4:18 AM
    • Best Buy (NYSE:BBY) plans to close some stores and consolidate its operations in Canada, in a move that will hurt its earnings by $0.10-$0.20 this year.
    • Costing about $200M-$280M in restructuring charges, Best Buy said it will close 66 of its Future Shop stores in Canada and convert 65 of them into Best Buy outlets.
    • The retailer also announced plans to spend $160M to improve its Canadian online operations, increase staffing at its remaining stores, and launch a range of home appliances.
    | Comment!
  • Friday, March 27, 2015

  • 6:17 PM
    • Natuzzi S.p.A. (NYSE:NTZ): Q4 EPS of -$0.35 vs. -$0.68 in 4Q13
    • Revenue of $173.1M (+12.5% Y/Y).
    • Press Release
    | Comment!
  • 6:13 PM
    • Digital Power (NYSEMKT:DPW): Q4 Non GAAP loss of $0.238M vs. $0.10M in 4Q13
    • Revenue of $2.11M (-6.6% Y/Y).
    • Press Release
    | Comment!
  • 5:19 PM
    | Comment!
  • 4:18 PM
    • Tofutti Brands (NYSEMKT:TOF): FY'14 EPS of -$0.03 vs. -$0.18 in FY'13
    • Revenue of $14.35M (-2.4% Y/Y).
    • Press Release
    | Comment!
  • 2:39 PM
    • Central Federal Corporation (NASDAQ:CFBK): Q4 EPS of $0.01 vs. $0.05 in 4Q13
    • Revenue of $2.92M (+3.5% Y/Y).
    • Press Release
    | Comment!
  • 1:21 PM
    • ChinaCache's (NASDAQ:CCIH) Q4 revenue of $54.6M missed a $60.1M consensus, and EPS of -$0.05 missed a -$0.04 consensus. In addition, Q1 revenue guidance of RMB340M-RMB350M ($54.7M-$56.3M) is below a sole analyst estimate (possibly outdated) of $77.4M, and full-year revenue growth guidance of 25%-30% is below a 33.7% 2-analyst consensus.
    • However, a lot has been priced in over the last 12 months. At the midpoint of its 2015 guidance range, ChinaCache only trades for 0.7x forward sales after backing out cash/investments.
    • Soft Q4 sales (-9.7% Q/Q and -0.2% Y/Y) are blamed on "bandwidth and service capacity interruption as customers continue to migrate onto the next-generation HPCC platform in the fourth quarter of 2014 as compared with the previous quarter." ChinaCache, which faces competition from Alibaba and others, expects the migration to be finished by the end of Q1.
    • Gross margin fell to 30% from Q3's 30.3% and Q4 2013's 31.6%. Sales/marketing spend fell 23.3% Y/Y to $4.7M and R&D 8% to $4.5M. Excluding a non-cash bad debt provision, G&A spend fell 5% to $6.7M.
    • Q4 results, PR
    | Comment!
  • 11:20 AM
    • Initially down premarket in response to its mixed FQ4 results, BlackBerry (NASDAQ:BBRY) is now moving higher.
    • Hardware (lower-margin) was 42% of revenue in FQ4 vs. 46% in FQ3; services was 47% vs. 46%, and software was 10% vs. an 8% FQ3 contribution for software/other. John Chen stated on the CC software revenue grew 24% Q/Q and 20% Y/Y - the company has previously forecast its software revenue will double in FY16 (ends Feb. '16), and its services revenue fall by 50%.
    • Gross margin fell to 48.3% from FQ3's 51.7% and the year-ago period's 56.7%. Sales/marketing/admin spend fell 52% Y/Y to $172M, and R&D spend 46% to $134M.
    • North American revenue -31% Y/Y to $205M; EMEA -31% to $283M; Latin America -53% to $60M; Asia-Pac -20% to $112M. End-user phone sales fell to 1.6M from FQ3's 1.9M and the year-ago period's 3.4M.
    • BlackBerry's cash balance rose by $156M Q/Q to $3.27B, thanks partly to an $80M net gain on acquisitions/divestitures. Long-term debt stood at $1.7B. The company still expects to reach "sustainable non-GAAP profitability" at some point in FY16.
    • Initial sell-side reactions are cautious. RBC (Sector Perform) notes services revenue fell 15% Q/Q, and thinks the drop "may continue to sustain lingering concerns about BlackBerry’s declining subscriber base.” Multiple analysts observe phone shipments (1.3M) missed estimates. Cowen (Market Perform): "The magnitude of the Hardware miss suggests smartphones may prove a less significant F2016 growth driver than expected."
    • Prior BlackBerry earnings coverage
    | 48 Comments
  • 10:46 AM
    | Comment!
  • 9:33 AM
    • Minerva Neurosciences (NERV) Q4 results: Revenues: $0; R&D Expense: $3M (+999%); SG&A: $4.5M (+136.8%); Net Loss: ($7.4M) (-252.4%); Loss Per Share: ($0.40) (+2.4%).
    • FY2014 results: Revenues: $0; R&D Expense: $42.9M (+999%); SG&A: $12M (+380.0%); Net Loss: ($56.9M) (-999%); Loss Per Share: ($4.47) (-473.1%); Quick Assets: $18.5M (+927.8%).
    • No guidance given.
    | Comment!
  • 9:28 AM
    • Atlantic American Corporation (NASDAQ:AAME): Q4 EPS of $0.06
    • Revenue of $40.92M (+0.2% Y/Y)
    • Press Release
    | Comment!
  • 9:23 AM
    • Carnival (NYSE:CCL): FQ1 EPS of $0.20 beats by $0.10.
    • Revenue of $3.53B (-1.4% Y/Y) misses by $40M.
    • Shares +4.7% PM.
    • Press Release
    | 1 Comment
  • 9:12 AM
    • NF Energy (NASDAQ:NFEC): FY14 EPS of -$0.61
    • Revenue of $9.98M (+75.8% Y/Y)
    • Press Release
    | Comment!
  • 9:06 AM
    • Intersections (NASDAQ:INTX): Q4 EPS of -$1.19
    • Revenue of $56.56M (-21.5% Y/Y)
    • Press Release
    | Comment!
  • 8:49 AM
    • Heat Biologics (HTBX -2.5%) FY14 results: Revenues: $0; R&D Expense: $2.9M (+7.4%); SG&A: $4M (+66.7%); Operating Loss: ($12.2M) (-84.8%); Net Loss: ($11.8M) (-29.7%); Loss Per Share: ($1.83) (+24.4%); Quick Assets: $3.7M (-19.6%).
    • No guidance given.
    | Comment!
  • 8:40 AM
    • Onconova Therapeutics (ONTX -0.8%) Q4 results: Revenues: $0.1M (-94.7%); R&D Expense: $10.4M (-14.0%); SG&A: $3.1M (-29.5%); Net Loss: ($13.4M) (+8.2%); Loss Per Share: ($0.62) (+8.8%).
    • FY2014 results: Revenues: $0.8M (-83.3%); R&D Expense: $49.4M (-1.6%); SG&A: $15.1M (-10.1%); Net Loss: ($63.7M) (+1.8%); Loss Per Share: ($2.94) (+52.0%); Quick Assets: $43.6M (-56.4%).
    • No guidance given.
    | Comment!
  • 8:39 AM
    • MOL Global (NASDAQ:MOLG): Q4 EPS of -$0.17 per ADS.
    • Revenue of $17.45M (+28.1% Y/Y).
    • Shares +2.94% PM.
    • Press Release
    | Comment!
  • 8:35 AM
    | Comment!
  • 8:16 AM
    • Cara Therapeutics (CARA -3%) Q4 results: Revenues: $0.9M (-10.0%); R&D Expense: $3.5M (+75.0%); SG&A: $1.8M (+63.6%); Operating Loss: ($4.3M) (-104.8%); Net Loss: ($4.2M) (-100.0%); Loss Per Share: ($0.18) (+63.3%).
    • FY2014 results: Revenues: $3.2M (-73.3%); R&D Expense: $15.1M (+73.6%); SG&A: $6.2M (+77.1%); Operating Loss: ($18.1M) (-999%); Net Loss: ($17.7M) (-471.0%); Loss Per Share: ($0.85) (-14.9%); Quick Assets: $52.6M (+324.2%).
    • No guidance given.
    | Comment!
  • 8:03 AM
    • Netlist (NASDAQ:NLST): Q4 EPS of -$0.14 misses by $0.02.
    • Revenue of $2.52M (-67.4% Y/Y) beats by $0.02M.
    • Press Release
    | Comment!
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