Seeking Alpha
  • Thursday, October 30, 2014

  • 6:58 PM
    • Newmont Mining (NYSE:NEM) +1.6% AH after adjusted Q3 earnings rose 13% Y/Y and easily beat analyst estimates as costs fell.
    • Q3 gold production totaled 1.15M oz., slightly below output of 1.28M oz. in the year-ago quarter, with higher production in Africa following the start-up of Akyem partially offset by lower production in North America primarily due to planned stripping campaigns at Carlin and Twin Creeks which are expected to continue into 2015.
    • All-in sustaining costs were $995/oz. vs. $1,018 a year ago.
    • Reaffirms its total attributable gold production estimate for the year at 4.7M-5M oz. and copper production of 80K-90K metric tons, and expects costs to come in at the low end of guidance.
    | Comment!
  • 6:41 PM
    • Tessera (NASDAQ:TSRA) expects Q4 revenue of $50M-$54M, above a consensus of $44.6M.
    • Additionally, the board approves an increase in Tessera's buyback authorization by $100M.
    • Q3 results, PR 
    | Comment!
  • 6:38 PM
    • Trimble (NASDAQ:TRMB) expects Q4 revenue of $560M-$590M and EPS of $0.26-$0.32, well below a consensus of $638M and $0.41.
    • CEO Steven Berglund, discussing Trimble's Q3: "While we recorded a year-over-year increase in revenue, the quarter was unimpressive. Our results in agriculture and Europe were both weaker than we originally anticipated."
    • Q3 results, PR
    | Comment!
  • 6:29 PM
    • Seattle Genetics (NASDAQ:SGEN) now expects full-year U.S./Canada Adcetris net product sales of $172M-$177M, better than prior guidance of $160M-$170M. Collaboration revenue (also better than expected) is now forecast to total $64M-$68M.
    • Q3 Adcetris net sales +32% Y/Y to $48.2M. Collaboration revenue -33% to $19.5M. Costs/expenses -3% to $91.5M.
    • SGEN +3.4% AH. Q3 results, PR
    | Comment!
  • 6:17 PM
    • Brightcove (NASDAQ:BCOV) expects Q4 revenue of $30.3M-$30.8M and EPS of -$0.08 to -$0.09 vs. a consensus of $30.5M and -$0.10.
    • The Web video hosting platform's subscription/support revenue rose 15% Y/Y in Q3 to $30.5M. Professional services/other revenue fell 45% to $1.1M.
    • Shares had gone into earnings near a 52-week low of $5.06.
    • Q3 results, PR
    | Comment!
  • 6:08 PM
    • Imperva (NYSE:IMPV) expects Q4 revenue of $48.6M-$50.6M and EPS of -$0.02 to -$0.07, favorable at the midpoints to a consensus of $48.8M and -$0.07.
    • A 36% Y/Y increase in services revenue (54% of total revenue) to $23M fueled the Q3 beat. Within services, subscription revenue rose 108% to $6.4M. Palo Alto Networks, FireEye, and several other security tech names have also been seeing strong subscription growth.
    • $100K+ deals rose to 106 from 97 a year ago, and new customers to 183 from 148.
    • Shares have now nearly doubled from their spring lows. They remain down over 50% from a March high of $67.12.
    • Q3 results, PR
    | Comment!
  • 5:59 PM
    • Callon Petroleum (NYSE:CPE) +5.4% AH after Lone Star Value Management discloses a 5.1% active stake.
    • Lone Star says it will make proposals concerning changes to the capitalization, ownership structure, board structure and composition of the company.
    | 1 Comment
  • 5:48 PM
    | 4 Comments
  • 5:39 PM
    • With a major camera refresh boosting sales, GoPro (NASDAQ:GPRO) guides on its Q3 CC for Q4 revenue of $550M-$580M and EPS of $0.65-$0.69, soundly above a consensus of $499.9M and $0.53.
    • Gross margin is expected to be at 44% (+/- 1%) vs. 44.5% in Q3. Opex is expected to total $105M (+/- $2.5M).
    • GPRO now +8.4% AH. AMBA +2.8%.
    | 1 Comment
  • 5:23 PM
    • Microchip (NASDAQ:MCHP) expects FQ3 revenue of $508M-$535.3M and EPS of $0.59-$0.64, in-line with a consensus of $525.4M and $0.62. That's better than feared, given the warning issued three weeks ago (sent shockwaves throughout the chip industry).
    • The microcontroller vendor, known for experiencing industry swings ahead of many peers, says it saw "most" of its market correction in FQ2, and expects FQ3 revenue to be only "slightly below typical seasonal levels." Peers such as Atmel, STMicroelectronics, and Freescale have issued light Q4 guidance.
    • Gross margin rose 10 bps Y/Y in FQ2 to 59.1%. It's expected to fall to 58%-58.2% in FQ3.
    • Though officially below consensus, FQ2 revenue matched the guidance provided in Microchip's warning.
    • FQ2 results, PR
    | Comment!
  • 5:08 PM
    • Following a 30%+ selloff from its early-October high, GoPro's (NASDAQ:GPRO) Q3 beat is being well-received.
    • Gross margin rose to 44.5% from 42.2% in Q2 and 33.5% a year ago, providing a boost to EPS. After backing out stock compensation expense (rose over 5x Y/Y thanks to the IPO), opex rose 56% Y/Y to $97.1M.
    • GoPro content published on YouTube rose 92% Y/Y, and video views on GoPro's YouTube channel rose 99%.
    • Video processor supplier Ambarella (NASDAQ:AMBA) is getting a lift from GoPro's numbers.
    • Q3 results, PR
    | Comment!
  • 5:05 PM
    • Vocera (NYSE:VCRA): Q3 EPS of -$0.16 beats by $0.03.
    • Revenue of $23.1M (-11.5% Y/Y) beats by $1.44M.
    • Shares +3.63% AH.
    • Press Release
    | Comment!
  • 4:48 PM
    • ON Semi (NASDAQ:ONNN) expects Q4 revenue of $835M-$875M vs. consensus of $867.05M.
    • Non-GAAP GM declined marginally to 35.6% in Q3 from 36.2% in Q2 and 34.8% a year ago. GM is expected to fall to the 33.4%-35.4% range in Q4.
    • Shares +3% AH. (Q3 results, PR)
    | Comment!
  • 4:37 PM
    • Citing "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters," Citigroup (NYSE:C) boosts Q3 legal accruals by $600M, thus cutting previously-reported income for the quarter to $2.839B.
    • Income from continuing operations is cut to $0.88 from $1.08, and the efficiency ratio deteriorates by 300 bps to 66%.
    • The Tier 1 Capital ratio falls 8 bps to 11.43%, and tangible book value per share slips to $57.53 from $57.73.
    • Source: Press Release
    • The stock's lower by 1.2% AH.
    | 1 Comment
  • 4:37 PM
    • Zendesk (NYSE:ZEN): Q3 EPS of -$0.09 beats by $0.09.
    • Revenue of $33.91M (+76.2% Y/Y) beats by $2.66M.
    • Shares +3.62%.
    • Press Release
    | Comment!
  • 4:33 PM
    • Expedia (NASDAQ:EXPE): Q3 EPS of $1.93 beats by $0.19.
    • Revenue of $1.71B (+22.1% Y/Y) beats by $30M.
    • Shares +2.6%.
    • Press Release
    | 2 Comments
  • 4:29 PM
    • Boyd Gaming (NYSE:BYD): Q3 EPS of $0 misses by $0.02.
    • Revenue of $738.84M (flat Y/Y) beats by $3.95M.
    • Shares +2.18%.
    • Press Release
    | Comment!
  • 4:28 PM
    • AXT (NASDAQ:AXTI): Q3 EPS of $0.02 beats by $0.01.
    • Revenue of $23.13M (+12.7% Y/Y) beats by $1.37M.
    • Shares +9.63% AH.
    • Press Release
    | Comment!
  • 4:20 PM
    • Western Union (NYSE:WU): Q3 EPS of $0.44 beats by $0.06.
    • Revenue of $1.44B (+2.1% Y/Y) beats by $10M.
    • Shares +2.40%.
    • Press Release
    | Comment!
  • 4:15 PM
    • Seattle Genetics (NASDAQ:SGEN): Q3 EPS of -$0.13 beats by $0.11.
    • Revenue of $75.85M (+6.9% Y/Y) beats by $8.93M.
    • Shares +3.55%.
    • Press Release
    | Comment!
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