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  • Today - Tuesday, May 22, 2012

  • CPWR
    7:37 PM More on Compuware (CPWR): FQ4 EPS beats on a per share basis. Net earnings sank 22% Y/Y on softer professional service fees and higher expenses. Going forward, the company forecast earnings of $0.45 - $0.49 cents per share on revenue of $1.07B - $1.08B. Street estimates are for an EPS of $0.51 on revenue of $1.07B, respectively. Shares +7.8% AH. Comment!
  • AVGO
    7:02 PM More on Avago Technologies (AVGO): FQ2 beats on a per share basis on continued Y/Y revenue growth. Net earnings eased 0.7% amid higher operating costs and weaker margins. Comp store sales decreased 5.5% in U.S. dollars and 5.1% in local currency. Shares +3.5% AH. Comment!
  • QIHU
    6:31 PM More on Qihoo 360 Technology (QIHU): Q1 beats on all counts as total revenue soared over 202% Y/Y. Non-GAAP Net Income was $25.7M, up 290% over the prior year. Monthly active users grew to 411M and browser user penetration rate was a record 62%. Shares +4.7% AH. Comment!
  • NFLX
    5:51 PM Driving home its commitment to financing original programming at the expense of library size, Netflix (NFLX -5.6%) has created a new position of VP of Original Content. Filling the position is content acquisition VP Cindy Holland, whose current job will be assumed by Latin America/Canada content acquisition chief Jason Ropell. The shakeup comes on a day when Netflix made new lows for 2012. 1 Comment
  • RA
    5:49 PM RailAmerica (RA) +8.7% AH after announcing, in response to market rumors, its board is considering strategic alternatives, which may include a sale of the company. Comment!
  • DELL, HPQ
    5:36 PM During its FQ1 earnings call (webcast), Dell admits its 10% Y/Y drop in notebook sales had much to do with tablet cannibalization (more with consumers, but also among businesses). Dell also claims price competition (especially in emerging markets) hurt PC sales, and an inefficient sales structure affected enterprise sales. Also, it adds April was particularly weak, and some enterprises are delaying IT purchases. DELL -12% AH. HPQ -2.5%. INTC -1.1%. (presentation - PDF). 1 Comment
  • MS
    5:17 PM Massachusetts subpoenas Morgan Stanley over the Facebook IPO amid allegations about leaked negative views. MS -1.4% AH. 7 Comments
  • PETM
    4:47 PM More on PetSmart (PETM): Q1 beats estimates on a 9.4% Y/Y jump in total revenue. Comp store sales grew 7.4%, benefiting from comparable transactions growth of 3.3%. Services sales grew 8.3% to $181 million. The company also raises its 2012 EPS outlook to a range of $3.19 to $3.31 versus $3.02 to $3.16. Shares of PetSmart jumped 7% to $59.49 in after hours. Shares +8% AH. Comment!
  • TTWO
    4:38 PM More on Take-Two Interactive's FQ4: The game developer, whose results are historically volatile and difficult to project, is guiding for FQ1 revenue of $225M-$275M and EPS of -$0.75 to -$0.60, well below a consensus of $302.1M and $0.14. For FY13, it expects revenue of $1.75B-$1.85B and EPS of $2-$2.25 vs. a consensus of $1.8B and $2.77. The in-line revenue guidance is apparently enough to satisfy lowered expectations. TTWO +5.7% AH. (PR) Comment!
  •  
    4:24 PM More on Guess? FQ1: Retail comparable-store sales declined 5.5%. Net revenue in Europe segment fell 9.7% to $189.8M, while Asia revenues up 8%. For Q2, see EPS of $0.48-$0.52 and revenue of $625M-$635M. Shares +5.4% AH. (PR) Comment!
  • CPWR
    4:19 PM Compuware (CPWR): FQ4 EPS of $0.12 in-line. Revenue of $266M (+6.6% Y/Y) beats by $4M. Shares +1.8% AH. (PR) Comment!
  • TTWO
    4:17 PM Take-Two Interactive Software (TTWO): FQ4 EPS of -$0.60 misses by $0.05. Revenue of $148.1M (-19% Y/Y) beats by $8M. Shares +2.2% AH. (PR) Comment!
  • DELL
    4:15 PM More on Dell's FQ1: No EPS guidance. Services only +4% Y/Y vs. FQ4's 12%. Public revenue -4%, large enterprises -3% (+5% in FQ4). Asia-Pac/Japan flat (+10% in FQ4), EMEA -1%, Americas -7%. Storage -8%, servers/networking +2%, desktops -1%, notebooks -10%, software/peripherals -7%. Gross margin was 21.3%, +20 bps Q/Q but -160 bps Y/Y. $324M spent to repurchase shares. Dell is the second enterprise IT giant to recently post weak results, after Cisco. DELL -9% AH. CC starts at 5PM ET (webcast).  (PR) Comment!
  • AVGO
    4:14 PM Avago Technologies (AVGO): FQ2 EPS of $0.66 beats by $0.02. Revenue of $577M (+3% Y/Y) in-line. Shares +2.3% AH. (PR) Comment!
  • PETM
    4:12 PM PetSmart (PETM): Q1 EPS of $0.85 beats by $0.12. Revenue of $1.63B (+9.4% Y/Y) beats by $30M. Shares +7.1% AH. (PR) Comment!
  • GES
    4:09 PM Guess? (GES): Q1 EPS of $0.30 beats by $0.03. Revenue of $579M (-2% Y/Y) beats by $8M. Shares -4.3% AH. (PR) Comment!
  • DELL
    4:05 PM Dell (DELL): FQ1 EPS of $0.43 misses by $0.03. Revenue of $14.42B (-4% Y/Y) misses by $490M. Expects FQ2 revenue of $14.7B-$15B, below $15.4B consensus. Shares -7.5% AH. (PR) 5 Comments
  • WTSLA
    4:04 PM Wet Seal (WTSLA): Q1 EPS of $0.02 in-line. Revenue of $147.9M (-5% Y/Y) misses by $2M. Shares -2.8% AH. (PR) Comment!
  • SA
    3:59 PM Seabridge Gold (SA +5.6%) has remained strong all day on no apparent news, although gold stocks of all sorts have received a flurry of interest in recent sessions. Trading volume near the close is 1.35M vs. the average daily volume of 322K shares. Options on SA had traded more than 22K times by mid-afternoon. 1 Comment
  • ORCL, SQI
    3:14 PM More on SAP/Ariba: The purchase follows SAP's $3.4B acquisition of cloud HR software vendor SuccessFactors, and gives it a set of products and services that complement its core ERP software solutions. Also, Ariba's market leadership means there are no major rivals Oracle (ORCL) can acquire in response, though SciQuest (SQI +1.6%), a much smaller competitor, is rallying a bit. SAP is nearly unchanged, Ariba will resume trading at 3:15 PM ET. 1 Comment
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