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  • Friday April 25, 4:10 AM ET
    • Weyerhaeuser (WY) adjusted EPS of $0.26 beats by $0.02.
    • Revenue of $1.98B (+1.5%) misses by $0.1B. (PR)
    Comment!
  • Friday April 25, 4:04 AM ET
    • Pearson's (PSO) Q1 sales rose 2% at constant exchange rates to £900M ($1.51B), although on a reported basis the figure dropped 6% because of the strength of sterling. The number excludes book publisher Penguin Random House and corporate news provider Mergermarket.
    • Pearson reiterated guidance that FY adjusted EPS will drop to 62-67 pence at current exchange rates from 70.1 pence.
    • Shares are +2.7% in London. (PR)
    Comment!
  • Friday April 25, 3:56 AM ET
    • Honda's (HMC) FQ4 net profit surged to ¥170.5B ($1.67B) from ¥75.7B a year earlier as sales climbed 13% to ¥3.1T ($30B), boosted by the weak yen and a rush by Japanese consumers to purchase cars ahead of a rise in sales tax at the start of this month.
    • Honda sold almost 1.2M vehicles worldwide, with sales in Japan jumping 41%.
    • The company forecast a 21% increase in FY 2015 profit to ¥595B ($5.8B) and 7.7% growth in revenue to ¥12.75T, as well as global vehicle sales of 4.83M. (PR)
    Comment!
  • Friday April 25, 3:11 AM ET
    • WPP's (WPPGY) Q1 revenues rose 1.5% to £2.57B and comparable revenue increased a better than expected 7% despite a slowdown in China.
    • The strong pound hurt WPP's performance by 8.1%
    • Profits, revenue margin and gross margin or net sales margin were above budget.
    • WPP, which is the world's largest advertising company, said its Q1 performance could lead to stronger FY growth than initially planned.
    • Shares are +0.55% in London. (PR)
    Comment!
  • Friday April 25, 12:05 AM ET
    Comment!
  • Thursday April 24, 10:40 PM ET
    • After initially trading higher following its Q1 revenue beat, Amazon (AMZN) finished AH trading up just 0.3%. A possible factor: CFO Tom Szuktak shared on the CC Amazon's Y/Y paid unit growth fell to 23% in Q1 from 25% in Q4 and 29% in Q3. Slowing unit growth "remains a yellow flag since [the metric] is a better proxy than revenues for the overall velocity of the business," says Baird's Colin Sebastian.
    • While paid unit growth slowed, "Other" North American revenue, a segment dominated by Amazon Web Services, saw revenue growth accelerate to 60% from 52% in Q4. For now, the segment only accounts for 6% of revenue.
    • Thanks to AWS and 28% EGM growth, North American sales growth (+26%) was roughly even with Q4. International sales growth picked up to 18% from 13%, with 27% EGM growth offsetting 4% media growth.
    • AWS and 3rd-party fulfillment growth helped gross margin rise 230 bps Y/Y to 28.8%. But fulfillment spend rose to 11.7% of revenue from 11.1% a year ago, tech/content spend (boosted by video licensing and AWS capex) to 10% from 8.6%, and marketing to 4.4% from 3.9%.
    • Meanwhile, the WSJ reports Amazon is quietly testing its own delivery network (trucks and all) in San Francisco, L.A., and NYC. It's probably not a coincidence all three markets are ones in which the AmazonFresh same-delivery has launched, or is expected to.
    • Q1 results, guidance/details, PR
    6 Comments
  • Thursday April 24, 7:04 PM ET
    • Freescale (FSL) has hired Dan Durn, formerly the CFO of #2 chip foundry Globalfoundries, to be its new CFO, starting in June. Durn will replace Alan Campbell, who announced plans to retire in January.
    • The chipmaker has guided in its Q1 report for Q2 revenue of $1.14B-$1.2B, above a $1.13B consensus. Gross margin is expected to rise 50-75 bps from a Q1 level of 44.8%.
    • FSL -1.7% AH in spite of the guidance and a Q1 beat. Shares went into earnings trading within a hair's breadth of their 52-week high of $26.
    • Q1 results, PR
    Comment!
  • Thursday April 24, 7:02 PM ET
    • Weatherford (WFT) pushes ahead with its corporate downsizing, saying in its Q1 earnings report that it has so far identified more than 6,600 positions for elimination and completed ~56% of its planned workforce, with an estimated pretax annualized savings of $263M.
    • WFT also says it began the process of closing 20 underperforming operating locations in various countries.
    • Reaffirms guidance for FY 2014, seeing EPS of $1.10-$1.20 vs. $1.00 analyst consensus estimate.
    Comment!
  • Thursday April 24, 6:46 PM ET
    • Basic Energy Services, Inc. (BAS): Q1 EPS of -$0.05 beats by $0.04.
    • Revenue of $336.8M (+10.6% Y/Y) beats by $8.76M.
    • Press Release
    1 Comment
  • Thursday April 24, 6:45 PM ET
    • Forum Energy Technologies (FET): Q1 EPS of $0.40 beats by $0.02.
    • Revenue of $404M (+8.3% Y/Y) beats by $0.83M.
    • Press Release
    Comment!
  • Thursday April 24, 6:37 PM ET
    • Briggs & Stratton Corporation (BGG): FQ3 EPS of $0.81 misses by $0.07.
    • Revenue of $628.4M (-1.4% Y/Y) beats by $1.17M.
    • Press Release
    Comment!
  • Thursday April 24, 6:35 PM ET
    • Marketo (MKTO) expects Q2 revenue of $33M-$34M and EPS of -$0.30 to -$0.32 vs. a consensus of $32.3M and -$0.29. Full-year guidance is for revenue of $138M-$141M and EPS of -$1.00 to -$1.06, above a consensus of $134.6M and -$1.12. The company's deferred revenue balance rose 10% Q/Q and 86% Y/Y in Q1 to $45.6M. Shares +9.5% AH. (Q1 results, PR)
    • HomeAway (AWAY) expects Q2 revenue of $109M-$111M (above a $108.2M consensus) and adjusted EBITDA of $28M-$29M. 2014 guidance is for revenue of $435M-$442.5M (above a $433.7M consensus) and adjusted EBITDA of $117M-$122.5M. Shares -1.9% AH. (Q1 results, PR)
    • KLA-Tencor (KLAC) guides on its CC for FQ4 revenue of $700M-$760M and EPS of $0.75-$0.95, below a consensus of $832.5M and $1.16. The company blames delays among clients in ramping production of chips featuring 3D transistors, and (like Lam Research) notes 3D NAND production is being pushed out. Shares -5.1% AH. (FQ3 results, PR)
    Comment!
  • Thursday April 24, 6:35 PM ET
    • Newmont Mining Corporation (NEM): Q1 EPS of $0.22 beats by $0.03.
    • Revenue of $1.76B (-19.3% Y/Y) misses by $90M.
    • Press Release
    Comment!
  • Thursday April 24, 6:32 PM ET
    • Total revenues: $570M (+10.9%), revenues net of acquisitions and recalls/returns: $519.8M (+6.3%), gross profit: $255.5M (+10.1%), EPS: $0.91 (+7.1%).
    • U.S. revenues: $392.1M (+7.8%), international revenues: $177.9M (+18.5%).
    • CF Ops: $144.5M (+47.1%).
    • (SRCL)
    Comment!
  • Thursday April 24, 6:09 PM ET
    • Microsoft (MSFT) guides on its CC for FQ4 revenue of $20.4B-$21B, slightly below a $21.04B consensus. The company's FQ3 guidance proved conservative, and investors are assuming as much for its FQ4 outlook.
    • The revenue outlook for individual reporting groups: devices & consumer licensing $4.1B-$4.3B, D&C hardware $1.3B-$1.5B, D&C other $1.9B, commercial licensing $11B-$11.2B, commercial other $2.1B.
    • Xbox channel inventory drawdown is expected to impact D&C hardware, and a lower impact from Win. 7 upgrades caused by the end of XP support will affect D&C licensing. Commercial other is expected to see ~10% Q/Q growth on the back of cloud services (Office 365, Azure) demand.
    • Opex is expected to grow 4% Y/Y to $8.4B-$8.6B after adjusting for an EU fine. Capex is expected to total $1.5B (cloud investments), and unearned revenue to grow in line with seasonality. A tax rate of 18%-20% is forecast.
    • Microsoft's unearned revenue balance rose 14% Y/Y in FQ3 to $19.5B, topping guidance and exceeding FQ2's 12% clip. Bookings rose 6%, down from FQ2's 12%. The company's contracted but not billed balance closed above $22B (up over $1B Y/Y).
    • MSFT +2.7% AH. FQ3 results, details, earnings slides (.ppt), guidance (.ppt), prepared remarks (.doc)
    4 Comments
  • Thursday April 24, 6:09 PM ET
    Comment!
  • Thursday April 24, 6:09 PM ET
    • SEACOR Holdings (CKH): Q1 EPS of $0.56.
    • Revenue of $310M misses by $10.08M.
    • Press Release
    Comment!
  • Thursday April 24, 6:00 PM ET
    • Wayside Technology Group (WSTG): Q1 EPS of $0.23 misses by $0.01.
    • Revenue of $71.7M (+9% Y/Y).
    • Press Release
    Comment!
  • Thursday April 24, 6:00 PM ET
    Comment!
  • Thursday April 24, 6:00 PM ET
    Comment!
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