Tech Stocks from Briefing.com

Yelp (YELP) reported first quarter loss of $0.08 per share, $0.02 worse than the Capital IQ consensus of ($0.06), while revenues rose 68.4% year/year to $46.13 million versus the $44.54 million consensus Cumulative reviews grew 42% year over year to more than 39 million Average monthly unique visitors grew 43% year over year to approximately 102 million Active local business accounts grew 63% year over year to approximately 45 thousand The company issued upside guidance for the second quarter with revenues of $52.5-53.5 million versus the $50.45 million Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $4.5 million -$5.0 million. The company issued upside guidance for fiscal year 2013 with revenues of , sees FY13 revs of $216-218 million (raised from $210-212 million) versus the $211.78 million Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $21 million - $23 million.

Facebook (FB) reported first quarter) earnings of $0.12 per share, excluding non-recurring items, $0.01 worse than the Capital IQ consensus of $0.13, while revenues rose 37.8% year/year to $1.46 billion versus the $1.44 billion consensus. Revenue from advertising was $1.25 billion, representing 85% of total revenue and a 43% increase from the same quarter last year. Mobile advertising revenue represented ~30% of advertising revenue for Q1. Payments and other fees revenue was $213 million for Q1. Q1 metrics: Daily active users (DAUs) were 665 million on average for March 2013, an increase of 26% year-over-year. Monthly active users (MAUs) were 1.11 billion as of March 31, 2013, an increase of 23% year-over-year. Mobile MAUs were 751 million as of March 31, 2013, an increase of 54% year over year.

Brocade (BRCD) sees EPS of $0.15-0.16 versus the previous guidance of $0.14-0.16 (CapIQ consensus $0.15). For revenues company sees $536-541 million, down from previous guidance of $555-575 million (CIQ consensus $565.4 million).The company anticipates that it will report Q2 2013 SAN biz revenue, including product and services, between $373-376 million, which is down approximately 6% to 7% year-over-year and down approximately 10%-11% qtr-over-qtr. SAN product revenue is typically down 5%-8% sequentially, but the lower-than-expected SAN revenue was due to storage demand softness in the overall market which impacted revenue from some of its OEM partners. anticipates that it will report Q2 2013 IP Networking business revenue, including product and services, between $163-$165 million, which is an increase of approximately 14%-15% year-over-year and down approximately 4%-5% qtr-over-qtr "In Q2, we saw lower-than-expected revenue in SAN due to softness in the overall storage market. However, customers continued to increase their purchases of our Gen 5 Fibre Channel SAN portfolio and we made good progress on our IP Networking growth initiatives including solid growth in Ethernet fabrics during the quarter."

Seagate Tech (STX) reported third quarter earnings of $1.26 per share, $0.10 better than the Capital IQ consensus Estimate of $1.16, while revenues fell 20.8% year/year to $3.53 billion versus the $3.39 billion consensus. "Seagate's operational results this quarter again reflect strong execution... The continued advancement of cloud, mobile and open source computing are trends that are shifting data volumes toward personal and corporate cloud environments, creating tremendous opportunities for Seagate's leading storage technology portfolio. Looking ahead, our top priorities are focused on the efficiency of our operations, extending our leadership in storage technology innovation and returning value to shareholders."

Glu Mobile (GLUU) reported first quarter loss of $0.03 per share, excluding non-recurring items, vs. ($0.08)-(0.06) guidance and $0.04 better than the Capital IQ Consensus Estimate of ($0.07); revenues fell 12.0% year/year to $19 million vs $17-18.5 million guidance the $18.03 million consensus. The company issued downside guidance for Q2, sees EPS of ($0.07)-(0.06), excluding non-recurring items, vs. ($0.04) Capital IQ Consensus Estimate; sees Q2 revs of $16.5-17.5 million, excluding non-recurring items, vs. $20.26 million Capital IQ Consensus Estimate. The company issued downside guidance for FY13, sees EPS of ($0.14)-(0.12), excluding non-recurring items, vs. ($0.11) Capital IQ Consensus Estimate; sees FY13 revs of $84.0-88.5 million, excluding non-recurring items, vs. $88.84 million Capital IQ Consensus Estimate. The company announced that the company has expanded its real-money mobile gambling portfolio to include a new Contract Killer mobile slots game and has begun development on Glu-IP-branded mobile casino suites. All products will be created in conjunction with Probability, a leading technology provider to the mobile entertainment gambling industry in the UK. Contract Killer Slots is immediately available to Probability customers in the UK and Glu-IP-branded mobile casino suites are expected to be available by Q3 2013.