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."
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.
Synacor (NASDAQ:SYNC) expects Q4 revenue of $25.3M-$27.3M, in-line with a $26.36M consensus.
Search/display ad revenue -1.4% Y/Y to $20.6M. Subscription revenue flat at $5.6M. Unique visitors fell to 18.38M from 19.37M a year ago, search queries to 124.7M from 165.5M. Ad impressions grew marginally to 9.65B from 9.51B.
GAAP costs/expenses +8% Y/Y to $29.8M. Synacor ended Q3 with $24.3M in cash, down from $25.6M at the end of Q2.
Crown Castle's (NYSE:CCI) new quarterly dividend, provided after activist Corvex Management called for greater capital returns, is 134% above a prior $0.35/share, and good for a 4% yield. The next dividend is payable on Dec. 31 to shareholders on record as of Dec. 19.
The tower owner expects Q4 AFFO/share of $1.04-$1.05 (close to Q3's $1.04). Site rental revenue is expected to rise to $755M-$760M from Q3's $752M.
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.
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.
Daniel Graf, hired away from Google only in April - he was in charge of Google Maps - will no longer run Twitter's (NYSE:TWTR) consumer product team. The WSJ reports he'll now "focus on certain strategic initiatives, starting with geo and location features."
Kevin Weil, Twitter's 31-year-old head of revenue (i.e. ad) products, will now be in charge of consumer products as well. He'll be Twitter's fifth product lead in five years.
Yesterday, CNBC reported engineering VP Jeremy Gordon and analytics chief Adam Kinney are leaving, while adding "some in the engineering organization are not clear about where [CEO Dick Costolo] and engineering executive Alex Roetter are leading."