Renren (RENN) Reports Q4 Revenue of $17.2M, OQ1 Rev. Guidance Misses
5:46 PM ET, 03/18/2015 - StreetInsider
Renren (NYSE: RENN) Q4 Adjusted net income was US$43.2 million, compared to an adjusted net income of US$104.7 million in the corresponding period in 2013. Revenue for the quarter came in at $17.2 million versus the consensus estimate of $16.3 million.
The Company expects to generate revenues in an amount ranging from US$11 million to US$13 million in the first quarter of 2015, representing 44.2% to 52.8% year-over-year decline.
(Street sees Q1 revenue of $29.72 million)
NQ Mobile (NQ) Tops Q4 EPS by 1c; Guides FY15 Revenue Above Expectations
5:01 PM ET, 03/18/2015 - StreetInsider
NQ Mobile (NYSE: NQ) reported Q4 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $89.7 million versus the consensus estimate of $83 million.
Average Monthly Active User Accounts as of December 31, 2014: 160.8 million
"We are pleased to report record revenues both for the fourth quarter and the full fiscal year of 2014, as we continued our transition toward the traffic-based mobile entertainment business," said Dr. Vincent Wenyong Shi, Chairman, Chief Operating Officer and Acting Chief Financial Officer of NQ Mobile. "With the challenging year of 2014 now behind us, our transition is in full swing as we firmly further execute our various strategic initiatives. In addition to our top-line growth, we were also encouraged to see sequential improvement for our margins that indicates stabilization of profitability. We believe we are well-positioned to capture the growth opportunities in the mobile internet landscape."
NQ Mobile sees FY2015 revenue of $450 - $455 million, versus the consensus of $424.0 million.
Litt said the value of the company is $33 a share a could be as much #$%$ a share, according to the statement.
MGM said in February that it was evaluating options including a REIT structure.
“The concept of converting gaming assets to REITs is not a new one,” Chief Financial Officer Dan D’Arrigo said on a conference call at the time. “We look at this all the time. We believe that our assets are undervalued.”
21Vianet Group (VNET) Reports Q4 Loss of $0.43, Offers Guidance
4:04 PM ET, 03/09/2015 - StreetInsider
21Vianet Group (NASDAQ: VNET) reported Q4 EPS of ($0.43). Revenue for the quarter came in at $137.6 million.
For the first quarter of 2015, the Company expects net revenues to be in the range of RMB883 million to RMB925 million, representing approximately 54% growth year-over-year at the mid point. Adjusted EBITDA is expected to be in the range of RMB162 million to RMB182 million, representing approximately 52% growth year-over-year at the mid point. For the full year 2015, the Company now expects net revenues to be in the range of RMB3.91 billion to RMB4.11 billion, representing approximately 39% growth over 2014 at the mid point. Adjusted EBITDA for the full year 2015 is expected to be in the range of RMB760 million to RMB860 million, representing approximately 45% growth over 2014 at the mid point. These forecasts reflect the Company's current and preliminary view, which may be subject to change.
Bitauto (BITA) Tops Q4 EPS by 12c; Guides Q1 Revs Above Consensus
6:50 AM ET, 03/09/2015 - StreetInsider
Bitauto (NYSE: BITA) reported Q4 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $157.2 million versus the consensus estimate of $121.4 million. Bitauto sees Q1 2015 revenue of $101.5-104.8 million, versus the consensus of $90.3 million.
Sky-mobi Limited (MOBI) Tops Q4 EPS by 5c
6:21 AM ET, 03/09/2015 - StreetInsider
Sky-mobi Limited (NASDAQ: MOBI) reported Q4 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Total revenue was RMB204.7 million (US$33.0 million), compared to RMB211.1 million in the third quarter 2014; total revenue increased 77.7% from RMB115.2 million in the prior year period. The year-over-year increase was primarily attributable to the strong growth of the Company's smartphone business during 2014. The slight sequential quarter-over-quarter decrease was primarily due to the decline in the Company's feature phone revenue, which was partially offset by the continued growth in smartphone revenue.
In a report published Friday, Credit Suisse analyst Robert Moskow reiterated an Outperform rating and $32.00 price target on Diamond Foods, Inc. (NADAQ: DMND).
In the report, Credit Suisse noted, "Diamond Foods reported a stronger than expected 2Q with EPS of $0.35 vs. our estimate of $0.29 and raised the bottom end of its guidance range by $0.05 to $0.95 to $1.10. Adjusted EBITDA of $33.8M beat our estimate by $3M with the help of a $1.4M adjustment to walnut input price assumptions for the year. Sales growth of 4% was a bit below our forecast of 6% because competitive challenges in the UK got tougher and the company lost $3M of sales as a result of the west coast port slowdowns and F/X pressure. North American Kettle and Pop Secret sales growth surprised on the upside, however, with Kettle up 7.8% and Pop Secret up 1 share point despite competitive promotional pressure. Price realization on almonds improved in the quarter as well."
Diamond Foods (DMND) Tops Q2 EPS by 10c; Boosts FY15 EPS Midpoint Guidance
4:02 PM ET, 03/05/2015 - StreetInsider
Diamond Foods (NASDAQ: DMND) reported Q2 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $229.7 million versus the consensus estimate of $236.45 million. Diamond Foods sees FY2015 EPS of $0.95-$1.10, versus prior guidance of $0.90-$1.10 and the consensus of $1.03.