Strong Quarter Surprises Street
The social-networking company reported adjusted earnings of $0.19 per share in its second-quarter results after yesterday's closing bell, easily surpassing the consensus forecast of $0.14 EPS. Revenues also beat expectations, coming in at $1.81 billion versus estimates of $1.62 million. Analysts were particularly surprised that mobile ads made up 41 percent of total advertising revenue, up from 30 percent in the previous quarter. FB is up about 23 percent to $32.60 in pre-market trading.
Baidu Spikes Higher on Earnings
The Chinese search giant beat second-quarter profit expectations by a penny after yesterday's close, but that was enough to drive its price up double digits in after-hours trading. Baidu posted earnings of $1.22 per share versus an estimated $1.21 EPS and revenues of $1.23 billion compared with the consensus forecast of $1.2 billion. It also raised the outlook for the current quarter to $1.42 billion to $1.46 billion, above the $1.35 million anticipated by analysts. BIDU is up 16 percent to $131.50 this morning.
TripAdvisor Takes First-Class Flight
The travel-review service surged last night after reporting adjusted earnings of $0.52 per share, exceeding the consensus forecast of $0.50. Revenues also beat estimates, coming in at $246.9 million versus the $229.9 million that analysts had been looking for. TripAdvisor said new marketing initiatives is helping it take market share. TRIP is up nearly 14 percent to $69.50 on tradeMONSTER's extended-hours platform.
F5 Networks Beats on Top, Bottom Lines
The network-equipment maker said strong demand helped the company surpass estimates on the top and bottom lines while issuing better-than-expected guidance for the current quarter. The company reported earnings of $1.12 per share on revenues of $370 million, above consensus forecasts of $1.08 EPS on revenues of $362 million. FFIV is up more than 6 percent to $86.40 in the pre-market.
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