From MarketWatch: “The stock has already been highly disappointing, [and] we think there is a multi-quarter transition period ahead,” ... “Our expectation for revenue and profit [growth] has also [been] pushed out meaningfully.”
Link: www.marketwatch.com/...
Missed consensus estimate by 1.6% ($78.9 vs $80.9) -- the company's third miss since going public in Nov. 2011. Shares trading down over 18%(!) after hours.
As hardware commoditizes (like it always does), GoPro's ability to monetize through other channels (namely, advertising) will be key to growth over the medium and long term. Early evidence of investment in the GoPro Network and deals w/ Virgin America and XBox Live bode well to support this.
Will be important numbers to watch as the company looks downstream beyond device sales.
AMZN did $60.9B in sales for FY 2013 and only took in $274M in net income (.4%). Granted that has been Amazon's game (invest nearly every $ back into infra)... will change at some point.
Amazon's 2013 10-K: goo.gl/UJg1nq...' target='_blank'>goo.gl/UJg1nq...
@kdelko -- average share price over Q1 was about 10% lower than Q4 '13 ($205 vs. $227). Stock-based comp in Q1 was actually 17% higher than Q4 '13 ($67m vs. $57m). That said, think some other factors likely to have had stronger influence on ebitda beat.
Interesting, not a single Asian bank listed.
44% is EXTREMELY healthy. Compares with Amazon's .4% net margin last year.
Talent solutions now up to 58% of quarterly revenue. An important one to watch and has been growing at a 9.5% CAGR over past 8 quarters.
Hm, are they finally containing mobile bleed? Good to see that they're not blaming random "combination of factors" like last year (FX rates, United Kingdom sales etc)
This $116MM essentially is decreasing income, assets and equity by that amount, due to the Amortization of Motorola's intangible assets. Essentially, the Company is writing off $116MM worth of non physical assets (intangibles), most likely goodwill. Public Company's are required to test annually for intangible asset impairment.
Google continues to invest heavily in Internet infrastructure and reported $2.65 billion in capital expenditures in the second quarter of 2014. Majority of capital investments are for IT infrastructure, including data center construction, servers and networking equipment.
No mention of the iPad. It was the fastest growing electronic device EVER. Now it's caught between the iPhone, Samsung note, Kindle and Mac Mini.
Good point, that also accounts for Apple's debt. Makes sense to borrow, rather than repatriate, given how low interest rates are and how high the tax would be.
There has been a lot of talk of Apple "parking" their profits offshore to avoid US taxes. With Apple doing MOST of their business offshore, and the vast majority of their manufacturing offshore, maybe their handling of their accumulated profits isn't that unreasonable - for either the US Government or for Apple shareholders...
It's important to keep in mind that the World Cup started before the second quarter was over. The earnings call provides some interesting context:
"Facebook was an
important part of this global event, with 350 million people joining the conversation, generating 3 billion
interactions. The final was the single most-talked-about sporting event in Facebook history, generating 280
million interactions from 88 million people."
Coupling revenue growth with improving operating margins points to Facebook having pricing power over ads.
Novak: “At Pizza Hut we're obviously disappointed with second quarter results and particularly with the very
poor performance in our U.S. business, which contributes about half of Pizza Hut's division's total profit. We now expect full-year operating profit of Pizza Hut to fall well short of our initial expectations.”
The operating margin for the quarter came in at 48% compared to 31% in Q2 2013. The margin expansion was fuelled by solid cost controls leading to costs growth trailing revenue growth. The margin expansion in combination to solid topline growth will lead to further growth in earnings, as was witnessed in Q2 2014.
Facebook is seeing a solid growth rate across geographies. More importantly, While growth in developed markets like Europe and US is driven by higher pricing of ads, growth in developing markets like Asia and Africa is coming from subscriber growth. The Conclusion: Topline growth does not stop with slowdown in userbase growth. Facebook has been spot on with their pricing and monetizing strategy. With the product unbundling currently underway, The potential for further topline growth is tremendous.