Here is a quick summary of the earnings reported after the bell on Jan. 13.
1. Microfluidic systems maker Fluidigm Corp (FLDM) on Tuesday said it expects fourth-quarter revenue of $33.3 million.
Analysts polled by Thomson Reuters currently expect the company to report revenue of $33.3 million for the quarter.
For the full year 2014, the company now expects revenue of about $116.4 million, compared with prior guidance of $114 million to $117 million.
Analysts expect revenue of about $116.3 million for the year.
For the full year 2015, Fluidigm expects revenue of $142 million to $149 million, while analysts expect $149 million.
Fluidigm will report its financial results for the fourth quarter in February.
***
2. Medical technology company Zeltiq Aesthetics Inc (ZLTQ) on Tuesday said it expects to report fourth-quarter revenues of $51 million to $52 million, compared with $35.8 million last year.
Analysts polled by Thomson Reuters currently expect revenues of $49.64 million for the quarter.
For the full year 2014, the company expects revenues of $175 million to $176 million, up from prior guidance of $171 million to $173 million. In the previous year, Zeltiq reported revenues of $111.6 million.
Analysts expect revenues of $173.3 million for the year.
For the full year 2015, Zeltiq projects revenues of about $230 million, while analysts expect $215.7 million.
Zeltiq Aesthetics is engaged in developing non-invasive products for the selective reduction of fat.
ZLTQ closed Tuesday at $27.90, down $0.97 or 3.36%, on a volume of 1.2 million shares on the Nasdaq. In after hours, the stock gained $2.05 or 7.35% at 29.95%.
***
3. CSX Corp. (CSX) reported net income for the fourth quarter of $491 million or $0.49 per share, compared to $426 million or $0.42 per share for the year-ago quarter.
Fourth quarter revenue rose 5% to $3.19 billion from $3.03 billion in the same quarter last year, with strength across merchandise, intermodal and coal.
Analysts polled by Thomson Reuters expected the company to earn $0.49 per share on revenue of $3.18 billion for the fourth quarter.
Looking forward to 2015, CSX said it expects continued strong growth across its diverse business mix and is poised for sustainable business expansion. The company continues to expect to generate double-digit growth in earnings per share and margin expansion in 2015, progressing toward a mid-60s operating ratio longer term.
***
4. Applied Optoelectronics, Inc. (AAOI) said Tuesday that it now expects fourth quarter 2014 revenue to be in the range of $36.0 million to $36.4 million, compared to its prior outlook of $39.5 million to $41.5 million.
Analysts polled by Thomson Reuters currently expect the company to post revenue of $40.37 million for the fourth quarter.
The company also said it currently expects its fourth quarter adjusted gross margin to exceed its prior guidance of 33.5% to 34.5%.
Dr. Thompson Lin, Applied Optoelectronics founder and CEO, said, "Customer demand remained very strong in the fourth quarter, generating a book-to-bill ratio over 1.7 for the period. However, we identified a quality issue with certain optical receiver sub-assembly components sourced from an external supplier and therefore we were unable to ramp production levels for our new 40G data center transceivers as planned, and this temporary supply problem impacted our revenue results for the quarter. Our team identified this issue quickly during production and is working closely with the supplier to increase yields of this newly developed technology."
***
5. Video-game retailer GameStop Corp (GME) on Tuesday reaffirmed its guidance for the fourth quarter and full year.
The company still expects fourth-quarter earnings of $2.08 to $2.24 per share. Analysts polled by Thomson Reuters expect earnings of $2.16 per share for the quarter. Analysts' estimates typically exclude special items.
For the full year, GameStop continues to expect earnings of $3.40 to $3.55 per share, while analysts expect $3.49 per share.
GameStop also provided its performance for the nine-week holiday period ended January 3, 2015, reporting global sales of $2.94 billion, a 6.7% decline from a year ago.
Due to the current strength of the U.S. dollar, the company's sales were negatively impacted by foreign currency exchange rates as described in this release, GameStop said.
Total comparable store sales decreased 3.1%, comprised of -3.3% in the U.S. and -2.7% internationally. By month, November's comparable store sales declined 12% as the company overlapped last November's PS4 and Xbox One console launches, while December's comparable store sales increased 4.4%.
Paul Raines, chief executive officer, stated, "During the holiday period, consumer demand for video games was strong, resulting in new software sales growth. We expect that trend to continue into the first quarter. Overall, each of our business units performed well giving us positive momentum as we look toward 2015."
New software sales grew 5.8%. The growth was driven by a 94.4% increase in PS4 and Xbox One software, led by titles such as Activision's Call of Duty: Advanced Warfare, Rockstar's Grand Theft Auto V and Ubisoft's Far Cry 4.
Sales of new hardware declined 32%, primarily attributable to overlapping last year's new console launches and lower unit price points this year. Demand for next generation hardware continues to be strong demonstrated by the 31.3% increase in units sold in December 2014 compared to December 2013.
Sales in the mobile & consumer electronics category increased 28%, driven by a 75.8% rise in Technology Brands revenues.
During the holiday period, GameStop repurchased 1.23 million shares of common stock at an average price of $38.62, or $47.5 million worth of stock. As of the end of the holiday period, the company had about $461.5 million remaining of its current share repurchase authorization.
***
6. Software company Datawatch Corp (DWCH) on Tuesday said it expects to report revenue of $6.9 million to $7 million and adjusted net loss of $4.5 million to $4.6 million for the first quarter of fiscal 2015.
Analysts polled by Thomson Reuters currently expect the company to report revenue of $9.17 million and a loss of $0.16 per share for the quarter.
In the same quarter a year ago, Datawatch had reported revenue of $8.81 million and adjusted net loss of $1.98 million.
"Our performance in the first fiscal quarter of 2015 fell short of our expectations amid a period during which we transitioned our business to a new global sales leader, shifted the sales approach we take in dealing with our extensive customer base and implemented many operational changes," said Michael Morrison, chief executive officer of Datawatch.
Datawatch said it has taken steps to cut its cost structure by reducing investment in legacy solutions and restructuring international operations to align with local selling norms.
These measures are expected to produce about $3 million in annual cost savings, and will result in a one-time charge of about $300,000 in the first quarter and an additional charge of about $500,000 in the second quarter of this year,the company said.
The company plans to release the full results for its first fiscal quarter on January 27.
Datawatch Corp designs business computer software primarily for the visual data discovery market.
DWCH closed Tuesday at $7.62, down $0.14 or 1.80%, on the Nasdaq. In after hours, the stock dropped $2.05 or 26.90% at $5.57.
***
7. Ceres, Inc. (CERE) reported first quarter net loss of $6.0 million, or $0.12 per share, compared to a net loss of $8.2 million, or $0.33 per share, for the year ago quarter.
Total revenues for the first quarter were $0.4 million compared to $0.8 million last year.
***
8. Premier Exhibitions, Inc. (PRXI) reported net loss of $2.1 million, or $0.04 per share, compared with net loss of $233000 or $0.00 per share a year ago.
Q3 Total revenue increased 5.2% to $6.7 million compared with $6.4 million in the third quarter of fiscal 2014.
***
9. Platinum Group Metals Ltd. (PLG) reported first quarter net loss of $5.6 million or $0.01 per share compared with net income of $0.47 million or $0.0 per share a year ago.
***
10. Progress Software Corp (PRGS) on Tuesday reported fourth-quarter net earnings of $14.5 million or $0.28 per share compared with $15 million or $0.29 per share last year.
Excluding items, adjusted earnings for the quarter were $0.47 per share compared with $0.43 per share a year ago.
Revenues for the quarter were $97.9 million compared with $91 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.44 per share on revenues of $96.2 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company expects adjusted earnings of $0.22 to $0.24 per share on revenues of $79.5 million to $82.5 million. Analysts expect earnings of $0.32 per share on revenues of $80.4 million.
For the full year 2015, Progress expects adjusted earnings of $1.37 to $1.47 per share on revenues of $390 million to $400 million. Analysts expect earnings of $1.52 per share on revenue of $351.4 million for the year.
PRGS closed Tuesday at $26.40, up $0.21 or 0.80%, on a volume of 451k shares on the Nasdaq. In after hours, the stock dropped $2.40 or 9.09% at $24.00.
***
11. Chip maker Linear Technology Corp (LLTC) on Tuesday reported second-quarter net earnings of $123.6 million or $0.51 per share compared with $104.8 million or $0.44 per share last year.
Revenues for the quarter were $352.6 million compared with $334.6 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.50 per share on revenues of $354.6 million for the quarter. Analysts' estimates typically exclude special items.
Linear said results were helped by a lower effective income tax rate of 22%, and absence of interest expense recorded a year ago.
For the third quarter, the company expects earnings revenues to grow 4 to 7 percent on a sequential basis.
Analysts expect revenues of $364.3 million for the quarter.
The company's board approved an increase in the quarterly technology-corp.aspx'>dividend from $0.27 per share to $0.30 per share.
LLTC closed Tuesday at $45.17, down $0.28 or 0.62%, on a volume of 4.2 million shares on the Nasdaq. In after hours, the stock gained $1.83 or 4.05% at $47.00.
***
12. Acasti Pharma Inc. (ACST) reported net earnings of $3.01 million for the third quarter, versus a net loss of $3.86 million in the prior year.
Revenues were $29,000 for the third quarter versus $28,000 for the year ago quarter
***
13. Neptune Technologies & Bioressources Inc. (NEPT) reported third quarter net income of $74,000 compared with net loss of $10.44 million in the prior year.
Consolidated revenues for the quarter totaled $4.74 million, up from $4.47 million for the year ago quarter.
***
14. DragonWave Inc. (DRWI) reported third quarter net loss of $3.76 million or $0.05 per share compared with net loss of $5.62 million or $0.12 per share a year ago.
Revenue for the third quarter was $47.3 million, compared with $22.2 million in the year ago quarter.
Analysts expected the company to report net loss of $0.05 per share on revenues of $46.17 million for the period.
***
15. Quantum Corp. (QTM) on Tuesday announced preliminary results for its fiscal third quarter 2015 ended December 31, 2014.
The company said its total revenue was about $142 million, slightly below the low end of the company's October guidance range of $145 million to $150 million. This was down slightly year-over-year, mainly due to a 31% decline in revenue from OEM tape automation partners.
Net income for the third quarter was about $7 million or $0.03 per share, which was in line with the company's guidance. The company had reported a net loss of $2 million or $0.01 per share in the third quarter of prior year.
Adjusted net income for the quarter was about $11 million, or $0.04 per share, which was in line with the company's guidance. This was up from $6 million, or $0.02 per share in the prior year's third quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.04 per share on revenue of $148.37 million for the third quarter. Analysts' estimates typically exclude special items.
"Our preliminary third quarter results again demonstrate the leverage in our financial model - while total revenue was slightly below our guidance, we still delivered bottom line results in line with guidance," said Jon Gacek, president and CEO of Quantum.
***
For comments and feedback contact: editorial@rttnews.com
Business News