‘shares’ Tagged Posts

Fitbit posted a weaker-than-expected quarter and its shares are crashing

Fitbit, which has more and more needed to fend off competitors from units just like the Apple Watch and is more and more making strikes within the ...

 

Fitbit, which has more and more needed to fend off competitors from units just like the Apple Watch and is more and more making strikes within the healthcare house, nonetheless hasn’t appeared to nail issues down fairly but because it posted weaker-than-expected monetary outcomes for its fourth quarter.

The quarter was kind of an entire whiff, falling in need of Wall Avenue estimates for earnings, income generated, and likewise the corporate’s outlook for the primary quarter subsequent 12 months. Which may be only a issue of the issue wearable system firms face going ahead, as though they will come out with new merchandise and discover niches, it’s not clear if customers are going to proceed adopting them. That explains a number of the strikes from Fitbit to additional get into well being care, however it seems to be like there’s nonetheless some methods to go as traders recalibrate their expectations.

The inventory value, consequently, is crashing this afternoon after the corporate posted its outcomes. It’s down greater than 10% following the report, sending its shares again under $ 5.

Right here’s the ultimate slash line:

  • This autumn Income: $ 570.eight million, versus analyst estimates of $ 588.9 million.
  • This autumn Earnings: Lack of two cents per share, in comparison with internet flat estimates by Wall Avenue.
  • This autumn System Gross sales: 5.four million wearable units
  • Q1 Income Steerage: $ 247.5 million (midpoint), in comparison with analyst estimates of $ 340.three million.
  • 2017 System Gross sales: 15.three million wearable units
  • Lively Customers (finish 2017): 25.four million
  • This autumn Common promoting value: $ 102

Fitbit, for instance, lately stated it could purchase Twine Well being, a cloud-based well being administration platform. As Apple seems to be to more and more lock up the final client market — and likewise make its personal strikes into healthcare — Fitbit has needed to attempt to make some aggressive strikes in an effort to justify its existence in a wearable house that’s getting increasingly crowded with Android units and the Apple Watch. It may well do this by discovering extra niches to use, although it nonetheless releases merchandise just like the Fitbit Ionic watch.

A report like this does have loads of implications, and never only for Fitbit. We’ve more and more seen that the wearable market is a troublesome one, with Fitbit finally buying Pebble and shortly planning to chop off assist for the watch. Some startups are going after niches, like Proof, a wearable that can monitor your blood alcohol content material. All these niches might make increasingly sense in a extra basic system, however given the efforts from firms like Apple, it’s not clear if there’s room for a extra basic system to exist proper now with no complete suite of well being utility.

First Data shares could rise more than 70 percent: Barron’s

 

First Data shares could rise more than 70 percent: Barron's

The payments processor, who have seen shares fall 20 percent since the IPO in 2015, making progress strengthening the balance sheet and the recovery of its business, Barron’s said.

Under Chief Executive Officer Frank Bisignano, First Data has improved its technology, pay off debts and creditors to postpone to 2021 $ 5 billion in debt payments that were payable in 2018. Improved technology and his sales technique aid First Data needs to generate more revenue, Barron’s said.

First Dates are betting on a new platform called Clover helping to manage small businesses payments easier. The product is intended to increase customer loyalty.

First Data’s shares at about $ 11 trading eight times estimated 2016 earnings that are less than half the level of a number of competitors, added Barron’s.

(Reporting by Olivia Oran; Editing by Chris Reese)

Motorola Solutions’ profit forecast falls short, shares slide

 

Motorola Solutions' profit forecast falls short, shares slide

(Reuters) – Motorola Solutions Inc., best known as a manufacturer of walkie-talkies and radio systems, blaming poor sales in Latin America and a strong dollar for the profit forecast for the current quarter that are far short of expectations has <. / P>

shares of the company – not associated with mobile phones and set-top box maker Motorola Mobility -. dropped about 9 percent in early trading on Wednesday

Motorola Solutions sales slip as large customers, which include the police and fire departments and other public bodies are affected by the cuts.

The Schaumburg, Illinois-based company, well communication services to governments, corporations and public safety agencies, has specific problems faced in Latin America.

The turnover in the region has 22 per cent of US $ 85 million in the third quarter, accounting for about 6 percent of total revenue. Latin America accounts for about 9 percent of sales in 2014.

“We have increased softness and economic uncertainty in both Latin America and Eastern Europe, which dampen our vision of the fourth quarter,” Head Executive Greg Brown said on a conference call with analysts.

Motorola Solutions is when powering up its services business growth, and the company earlier this year that private equity firm Silver Lake would invest $ 1000000000 to the other side of the promotion of business.

Motorola Solutions has said that for the current quarter, expected a profit of $ 1.45 to $ 1.50 per share from continuing operations, excluding items, well below the average analyst estimate of $ 1, 57 , according to Thomson Reuters I / B / E / S

Revenue is expected to grow by 6-8 percent.

“I used this company gives disappointing guidance … they constantly over-prediction,” MKM Partners analyst Michael Genovese told Reuters.

Total income has about 1 percent to $ 1.42 billion in the three months to October 3. exclusion of the effect of the strong dollar, sales increased 3 percent.

Net profit from continuing operations attributable to Motorola Solutions nearly doubled to $ 126 million, or 63 cents per share. Costs are 1.9 percent to $ 737 million, and the company said it expected to cut operating expenses by $ 125 million in 2016.

Revenue from North America, the company’s largest market, is 5 percent, helped by demand from the US government.

Excluding items, the company earned 82 cents per share from continuing operations. Analysts on average have earnings of 73 cents per share and expects revenue of $ 1.41 billion.

Until Wednesday close of $ 71.36, the shares have risen about 6.4 percent on the year.

(Reporting by Devika Krishna Kumar in Bangalore; Editing by Ted Kerr)

Groupon shows signs of life, shares surge

 

Groupon shows signs of life, shares surge
quarterly sales of

Groupon Inc. rose faster than expected 7.5 percent after the daily affairs North American trading company delivered a solid performance, stirring hopes that the company may have difficulty began to change.

Shares in the company, one of the beginners of the Internet market in 2011 for the most celebrated daily deals craze cooled, increased by nearly 10 percent in after-hours trading. They won about 40 percent since the Feb. ouster of co-founder and former CEO Andrew Mason, who was criticized for his lack of experience running a public company more global.

Wall Street was cautious before the results of Groupon, so “strong” performance of the company occupies a particularly large share of the profits Groupon Wednesday, analysts say.

“The margins were better and they confirm that they could have been worse full-year earnings forecasts. Re” said Ken Sena, an analyst at Evercore Partners.

Groupon tried to revive sluggish European business while juggling the cost of the rapid increase in new trapping customers and traders to dine close. Internet coupons for everything from spa treatments

The Chicago-based company eventually shot Mason in February after a series of disappointing results erased three quarters of its market value since the IPO in 2011.

On Wednesday, a turnover in the first quarter amounted to $ 601.4 million from $ 559.3 million a year earlier, more than expected, the $ 590 million analysts according to Thomson Reuters I / B / E / S.

Consolidated operating profit sector, or CSOI, a closely watched measure of profitability Groupon, totaled $ 51.2 million in the last period. Mark Mahaney, an analyst at RBC Capital Markets, waiting CSOI 26 million.

Sales in North America increased 42 percent, while international sales declined 18 percent.

Groupon, which has lost several other key employees, is looking for a new permanent chief executive. Interim Co-CEO Eric Lefkofsky and Ted Leonsis continue to struggle against its European business is struggling, while expanding in the United States.

Lefkofsky, who co-founded Groupon with Mason and president, led conference call with analysts results for the first time, the detection of counterfeit and the announcement of a “new chapter” focuses on the roots of the local trade company .

Analysts expect a Lean Enterprise under new management.

“Sometimes, as an organization, we distribute and not focus on things that will have the greatest impact,” said Lefkofsky.

LOCAL FOCUS MARKET

Groupon was the construction of a market of online transactions called Pull that allows people to search for and purchase offers in their environment. C is a big change from the original company of Groupon, a daily email sent to subscribers with one or two cases.

Emails represented less than 45 percent of transactions in North America in the first quarter, suggesting that the sweater market is gaining momentum. A Groupon spokesman declined to say how many transactions came from online searches.

Lefkofsky said the market approach has potential because more people carry smartphones and can find what they want and buy local when they move.

Approximately 45 percent of transactions in North America came from mobile devices March against about 20 percent two years ago, said Lefkofsky. However,

Pull market, many merchants offer deals for a longer period, something Lefkofsky said the company had made progress.

At the end of March, Groupon offered nearly 40,000 active trader deals in North America, from about 1000 when the company went public in late 2011.

Lefkofsky has said that more than half of the local Groupon transactions in North America came from this “investment bank” offers traders in the long run. March by more than 60 percent of the contracts with Groupon merchants were to good long-term business, he said.

Currently, the board of Groupon has formed a special committee started looking for a new Chief Executive Officer The company, co-interim CEO Ted Leonsis said Wednesday.

RBC Mahaney says Lefkofsky did a “good job” to the conference call and asked if he was interested in the full-time CEO. co-founder did not respond, ask Ted Leonsis, another interim CEO of Groupon, to chime in.

The current management team is “gelling very good” giving the inquiry more time to find “the best CEO in the long term, “said Leonsis.

Groupon spokesman Paul Taaffe said Lefkofsky was not proposed as a candidate by the Committee Taaffe not considered for the role.

Leonsis is the head of the inquiry, which will not be Lefkofsky. The Groupon declined to say which is another part of the group.

Amazon shares climb on Kindle e-book optimism

 

Amazon shares climb on Kindle e-book optimism
Amazon.com Inc.

shares rose more than 4 percent on Tuesday after a note Analyst fueled optimism about the company’s Kindle e-book business.

The market for e-book is much larger than previously thought, and the owners of the Kindle e-readers and tablets are reading more e-books, Morgan Stanley’s Scott Devitt, a leading Internet and e-commerce analyst told investors in research note.

Devitt estimated global sales unit e-book $ 859 million in 2012, a significant increase compared to a previous estimate of 567 million euros. With nearly 45 percent of the e-book market, Amazon probably 383 million e-books sold last year, against a previous estimate of 252 million euros, the analyst added.

broader strategy

Amazon is selling mobile devices at or near cost and make money when consumers buy gadgets to digital content, including e-books, music, videos, applications and games.

Devitt said Wednesday that the strategy can work with e-books, one of the oldest categories Amazon Digital.

“We initially assumed that the early adopters of eReader devices would be avid readers, and so the marginal buyer read less,” Devitt wrote.

However, the data show a recent presentation that Amazon Kindle consumers who purchased in 2011 4.6 times read e-books, on average, within 12 months of purchase gadget compared to 12 months for the unit, the analyst noted .

similar data from 2008, shows the consumer reading e-books 2.6 times as many Kindle device after purchase, on average, according to Devitt.

The success of Amazon’s Kindle business is important, because it is more cost effective than some of the other activities of the company, said Devitt.

Kindle The company, gadgets and tying digital content has generated about 11 percent of sales from Amazon last year and 34 percent of the company’s consolidated segment operating profit or CSOI, Devitt said. The CSOI is a measure of profitability followed closely Amazon.

“The Kindle is a free pool profit subsidizes investments in other growth initiatives,” Devitt wrote.

shares rose 4.1 percent to Amazon to $ 269.30 in afternoon trading Wednesday.