(NASDAQ:INTU) released its final update for its FY14 consumer tax offerings. Sales of TurboTax Online units grew 14% versus the comparable prior-year period. Year to date through April 16, total federal units grew 10%. As of April 18, total self-prepared e-files received by the IRS were up more than 6%. On a comparable basis, TurboTax accepted e-files were up 9%. TurboTax gained approximately 2 points of share in the online software category this tax season. The company expects full-year Consumer Tax revenue growth of approximately 6%, versus previous guidance of 4%-5% growth. Analysts have a consensus price target of $76 on Intuit…
Author: Ross Shultz
Verisign, Inc.(NASDAQ:VRSN) shares were up slightly after-hours after the company reported revenue of $249 million for Q1 2014, up 5% from the same quarter in 2013. Verisign reported net income of $94 million and diluted earnings per share of $0.64 for Q1 2014, compared to net income of $85 million and diluted EPS of $0.52 in the same quarter in 2013. The Street expected earnings of $0.63 per share on revenue of $249 million, according to Capital IQ estimates. Maxim Integrated Products Inc.(NASDAQ:MXIM) beats with fiscal Q3 earnings, while its Q4 guidance straddles the Street view. Shares of the integrated circuit maker are…
QUALCOMM (NASDAQ:QCOM) declined in Wednesday’s after-hours trade after beating Q2 expectations, setting mixed guidance, and disclosing an SEC probe. QCOM touched a brief early evening high of 81.15 before dropping through the 79 mark to a late low of 76.25. A pre-market open Thursday may have potential near 77 to 76. The stock has recorded an after-hours decline in 18 of the last 40 quarters tracked over 10 years, reversing direction in follow-on regular session trade in 14 quarters (78% of the time). Analysts have a consensus price target of $78.92 on QUALCOMM (NASDAQ:QCOM) which indicates a .50% upside. The consensus…
Tesla Motors Inc(NASDAQ:TSLA) shares gained more than 5% after the company reportedly moved toward Panasonic as its partner in a giant U.S. battery factory, and launched sales of its electric cars in China. Dow Jones reported Tesla CEO Elon Musk said it is nearly certain Panasonic will be Tesla’s choice as its partner in a $5 billion planned Gigafactory. Musk made the remarks while in Beijing to mark the start of Tesla car sales in China. He also said the company would begin making cars in China within three or four years, and would invest in a network of charging stations…
Netflix Inc., (NASDAQ:NFLX) shares were up 2% after hours as Q1 earnings rose year-over-year and topped analysts’ forecasts. Netflix reported earnings of $0.86 per share, up from $0.05 per share a year prior. Revenue was $1.27 billion. The Street expected $0.84 per share in earnings and $1.3 billion in revenue. Netflix expects Q2 earnings of $1.12 per share on $1.14 billion in revenue. The Street expects $1.03 per share on $1.3 billion in revenue for Q2. On the conference call management stated: “Our original programming initiatives gained momentum in Q1. House of Cards, for which Season 2 debuted in February,…
The company reports earnings after the bell tonight, and there are some important technical features to be aware of ahead of the news, according to theflyonthewall.com. The daily chart illustrates a classic “blow off” topping process which, if we were past earnings news, would signal likely technical weakness ahead. The big area to watch as a trigger related to this topping process is at the $330 area. That has been both prior resistance and support. A break below $330 would be bearish for price. On news that fails to meet bullish expectations whether in reported numbers or guidance, additional downside…
On Intel Corporation (NASDAQ:INTC)’s Q1 earnings conference call, Management said the company had previously established a goal of shipping 40M tablet SOC’s this year, and it was “squarely on track” to achieve that mark. The company shipped 5M units in Q1. Management said 2014 was “off to a solid start” and Q1 finished “about as expected.” They noted that they saw continued improvement in enterprise clients, Mobile unit volume was up year-over-year, and two-in-one chip volume increased more than 20% sequentially in the quarter. The company remains on track to launch Broadwell in 2H14. For the PC market, the company…
Amazon.com, Inc. (NASDAQ:AMZN) is down 2.5% to $307.95 at time of writing, just off the session low at $305.50. The $300 level and the $320 level are key for shares. The $320 area is where the stock previously broke out for its run to life highs. The $300 area was resistance in the summer of last year, and then support. A break below that level could be longer-term bearish for price. A move back above $320 would put the stock back on a bullish technical footing. Analysts have a consensus price target of $415 on Amazon.com, Inc. (NASDAQ:AMZN) which indicates a…
Shares of Amazon.com, Inc.(NASDAQ:AMZN) gained more than 1% following a report the company intends to launch an Amazon smartphone in the second half of 2014. The Wall Street Journal said the giant online retailer has been showing the phone in recent weeks to developers in San Francisco and Seattle, and intends to start shipping the device in September, according to unnamed sources. According to the Journal’s sources, the Amazon smartphone would use retina-tracking technology to make some images appear to be 3-D, similar to a hologram. Meanwhile, the Financial Post reported Apple (AAPL) wants to raise the price tag on its…
Yelp Inc(NYSE:YELP) announced the availability of Yelp Japan. Beginning today, people throughout Japan are able to create accounts on Yelp.co.jp to share their opinions about local businesses. Yelp’s free iPhone and Android applications will be available as well as its free suite of business owner tools: Yelp for Business Owners. The stock is up over 5% to $69.32, breaking out of the recent sharp short-term downtrend. At the current price, next resistance is at $70.77. Support is at $68.32. As previously reported, SunTrust upgraded YELP to Buy from Neutral. The firm upgraded shares due to valuation. strong underlying fundamentals and reduced…
Shares in InterCloud Systems, Inc. (NASDAQ:ICLD) are down 14% pre-market after the single source provider of end-to-end IT technology reported that its Q4 net loss widened. The net loss was $23.4 million, or $3.24 per diluted share, compared to $0.4 million, or $0.91 per share, a year earlier. Q4, 2013 included items such as a $13.7 million in non-cash expense related to derivative liabilities, $2.3 million in a non-cash expense arising from the change in fair value of contingent consideration, $1.8 million in non-recurring consulting fees and $2.4 million in stock-based compensation. Adjusted EBITDA showed a loss of $0.03 a…
Vodafone Group Plc (ADR)(NASDAQ:VOD) is marginally higher in reaction to an article in Barron’s which sees 20% upside in the price of the stock due to its business prospects in Europe and potential for a sale to AT&T (NYSE:T). After selling its 45% stake in Verizon (NYSE:VZ), Vodafone distributed most of the proceeds from the sale to VOD shareholders who received a 0.26 share in Verizon and $4.93 in cash per VOD share. The company then completed a 6 for 11 stock split. Since then, AT&T denied talk of a VOD offer, but the telecommunications giant has expressed interest in European…