CyberArk shares jump on strong earnings, guidance
(5:56 PM ET) SAN FRANCISCO (MarketWatch) -- CyberArk Software Ltd. (NAS:CYBR) shares rallied late Thursday after the Israel-based computer security company blew past Wall Street estimates for its quarterly earnings and outlook. Shares of CyberArk surged 17% to $53.68 on heavy volume. The company reported adjusted fourth-quarter earnings of 21 cents a share on revenue of $36.3 million, when analysts were expecting 5 cents a share on revenue of $26.9 million. CyberArk forecast adjusted first-quarter earnings of 4 cents to 6 cents a share on revenue of $25.5 million to $26.5 million. Analysts had forecast a loss of 7 cents a share on revenue of $22.7 million.
King Digital shares rally after earnings beat, special dividend
(5:38 PM ET) SAN FRANCISCO (MarketWatch) -- King Digital Entertainment Inc.shares jumped Thursday after the mobile games maker topped Wall Street estimates and announced a special dividend. King Digital shares surged 21% to $17.83 on heavy volume. The Candy Crush games company reported adjusted fourth-quarter earnings of 57 cents a share on adjusted revenue of $559.2 million. Analysts had forecast earnings of 47 cents a share on revenue of $515.6 million. King announced a special dividend of 94 cents a share to be paid March 24 to shareholders of record as of March 4.
Campbell Soup's stock drops after profit, sales warning
(4:44 PM ET) NEW YORK (MarketWatch) -- Shares of Campbell Soup Co. (NYS:CPB) slumped 5.4% in after-hours trade Thursday, after the soup and simple meals company lowered its fiscal 2015 profit and sales outlook, based on expectations that fiscal second-quarter results will be weaker than anticipated, and to reflect the negative effect of currency moves. The company now expects adjusted full-year earnings per share in the range of $2.32 to $2.38, and sales to be down 1% or up 1% from last year, compared with its previous projections of $2.45 to $2.50 and zero to 2%, respectively. The company said excluding the impact of currency translation, its sales outlook would be unchanged. The stock has gained 8.8% over the past three months through Thursday's close, outperforming the S&P 500's 2.5% advance.
Zynga's stock tumbles after disappointing loss, sales outlook
(4:26 PM ET) NEW YORK (MarketWatch) -- Shares of Zynga Inc. (NAS:ZNGA) plunged 11% in after-hours trade Thursday, after the social game developer indicated it would record a surprise first-quarter loss on sales that are well below expectations. The company is expecting a first-quarter adjusted per-share loss, excluding non-recurring items, of 3 cents to 2 cents, compared with the FactSet consensus analyst estimate of a breakeven quarter. The company is projecting revenue of $155 million to $165 million, compared with the FactSet consensus of $196.9 million. For the fourth quarter, Zynga reported a net loss of $45.1 million, or 5 cents a share, compared with a loss of $25.2 million, or 3 cents a share, in the year-earlier period. On adjusted basis, Zynga broke even, matching expectations. Revenue rose 9% to $193 million, while monthly unique payers fell to 1.1 million from 1.3 million. The company also announced it wasin Beijing, affecting 71 employees. The stock has lost 5.3% over the past three months through Thursday's close, while the S&P 500 has gained 2.5%.
Groupon shares volatile after earnings beat, weak outlook
(4:23 PM ET) SAN FRANCISCO (MarketWatch) -- Groupon Inc. (NAS:GRPN) shares were volatile in the extended session after the online-deals company topped quarterly expectations and issued a somewhat weak outlook. Groupon shares rose 2% to $7.61 on heavy volume at last check, after falling as much as 8% right after the report. The company reported adjusted fourth-quarter earnings of 6 cents a share on revenue of $925.4 million. Analysts surveyed by FactSet had estimated 3 cents a share on revenue of $908.6 million. For the first quarter, Groupon said it expects break-even to 2-cents-a-share earnings on revenue of $790 million and $840 million. Analysts expect 2 cents a share on revenue of $856.5 million.
Kraft Foods misses fourth-quarter earnings expectations
(4:22 PM ET) NEW YORK (MarketWatch) -- Kraft Foods Groupreported fourth-quarter earnings Thursday below expectations. The company reported a net loss of $398 million, or a loss of 68 cents per share after a profit of $931 million, or $1.56 per share, in the year-earlier period. Adjusted earnings were also a loss 68 cents per share, below the FactSet consensus of 73 cents. The company reported sales of $4.696 billion, up from $4.595 billion in the year-earlier period, and above the FactSet consensus of $4.625 billion.
AIG profit falls short, to buy back up to $2.5 billion of stock
(4:16 PM ET) NEW YORK (MarketWatch) -- American International Group Inc. (NYS:AIG) said Thursday it had net income of $655 million, or 46 cents a share, in the fourth quarter, down from $2.0 billion, or $1.34 a share, in the year-earlier period. Excluding special charges, the company said it had EPS of 97 cents, falling short of the $1.05 consensus of analysts polled by FactSet. The company has changed its reporting to focus on two segments: commercial insurance and consumer insurance. "This segmentation reinforces our focus on the ultimate client group being served, not the product being delivered, and we've made acquisitions and investments along these lines," Chief Executive Peter Hancock said in a statement. Separately, the company said it will buy back up to another $2.5 billion of shares. Shares were barely changed in after-hours trade, but are down 3.5% in the last three months, while the S&P 500 has gained 2.5%.
CBS earnings come in slightly ahead of forecasts
(4:13 PM ET) LOS ANGELES (MarketWatch) -- CBS Corp.on Thursday reported net income of $413 million, or 79 cents a share, compared with $470 million, or 76 cents a share, for the same period a year ago. Reporting after the close, the New York-based entertainment giant said revenue was $3.68 billion against last year's $3.57 billion. Net earnings came in 2 cents ahead of the forecast from analysts polled by FactSet, while adjusted income was 77 cents a share, a penny ahead of views. Revenue was expected to come in at $3.65 billion. Shares of CBS ended trading Thursday up 1.8% to $57.77.
American Express's stock heads toward a four-month low
(9:16 AM ET) NEW YORK (MarketWatch) -- American Express's stock (NYS:AXP) is on track to open at a four-month low, after the charge card company saidwith Costco Wholesale (NAS:COST) will hurt profit and sales this year and next. The stock, a component of the Dow Jones Industrial Average, slumped dropped $6.11, or 7.1%, in premarket trade, to trade below $80 for the first time since Oct. 15. That decline would shave off 39 points from the Dow. "While we expect the negative impact on earnings and revenue growth in 2015 and 2016, we remain confident in our ability to achieve our 12% to 15% EPS growth target over the moderate to long-term," said Chief Executive Kenneth Chenault in a conference call, according to a FactSet transcript.
World Wrestling's stock surges after better-than-expected results
(8:45 AM ET) NEW YORK (MarketWatch) -- Shares of World Wrestling Entertainment Inc. (NYS:WWE) surged 8.5% in premarket trade Thursday, after the entertainment and media company reported better-than-expected fourth-quarter results. For the quarter ended Dec. 31, net losses narrowed to $1.6 million, or 2 cents a share, from $7.9 million, or 10 cents a share, in the year-earlier period. Excluding non-recurring items, the per-share loss was 1 cent, beating the FactSet consensus loss estimate of 8 cents. Revenue rose to $140.5 million from $118.4 million, above the FactSet consensus of $134.4 million, boosted by strength in its network and television businesses. The company said WWE Network hit one million subscribers on Jan. 27. The stock has gained 4.5% over the past three months through Wednesday, while the S&P 500 has advanced 1.5%.
TripAdvisor stock climbs 15% despite cautious analysts
(8:37 AM ET) NEW YORK (MarketWatch) - Shares of TripAdvisor Inc. (NAS:TRIP) climbed 15% in premarket trade Thursday despite a wave of cautiously optimistic notes from analysts. Analysts were mostly optimistic on the travel booking site's quarterly revenue growth but concerned about high costs and profitability. Pacific Crest maintained a sector perform rating on the stock. Cantor Fitzgerald maintained a hold rating but lowered its price target to $84. J.P. Morgan maintained a neutral rating and $75 target, while Raymond James reiterated a market perform rating but lowered estimates. TripAdvisor reported stronger-than-expected revenues late Wednesday and said it expected sales to grow in the high 20% range for fiscal 2015, however earnings per share fell slightly below expectations. Meanwhile, shares of rivals Expedia Inc. (NAS:EXPE) and Orbitz Worldwide Inc.also soared in pre-market trade after Expedia said it would buy Orbitz for $1.6 billion. Shares of TripAdvisor were on track to open around $77.60, the highest open since Nov. 4.
Kellogg Co. shares fall 2% after fourth quarter earnings below analyst expectations
(8:20 AM ET) NEW YORK (MarketWatch) -- Kellogg Co. (NYS:K) shares fell 2% in pre-trade Thursday after the company reported fourth- quarter earnings below expectations. The company reported a net loss of $293 million, or 82 cents per share, down from net income of $818 million, or $2.26 a share in the year-earlier period. The company reported adjusted earnings per share of 84 cents, below the FactSet consensus of 93 cents. The company reported sales of $3.51 billion, slightly up from $3.50 billion in the year-earlier period but below the FactSet consensus of $3.627 billion. Kelloggg said it sees its 2015 net sales unchanged compared to 2014.
Dr. Pepper beats sales, matches profit forecasts
(8:15 AM ET) NEW YORK (MarketWatch) -- Dr. Pepper Snapple Group Inc.reported fourth-quarter net earnings that fell to $150 million, or 77 cents a share, from $156 million, or 78 cents a share, in the year-earlier period. Excluding non-recurring items, adjusted per-share earnings were 88 cents, matching the FactSet consensus estimate. Revenue rose 3% to $1.51 billion from $1.46 billion, above the FactSet consensus of $1.47 billion, as BCS volume increased 2%. For 2015, the beverage company expects adjusted per-share earnings in the range of $3.80 to $3.88, below analyst forecasts of $3.91. The stock was little changed in premarket trade. It has run up 14% over the past three months, while the S&P 500 has gained 1.5%.
Mobile Mini raises dividend, beat profit and sales expectations
(7:41 AM ET) NEW YORK (MarketWatch) -- Mobile Mini Inc.said on Thursday that it raised its quarterly dividend by 10% to 18.7 cents a share from 17 cents. The new dividend will be paid out on March 19 to shareholders of record on March 5. The portable storage company also reported a fourth-quarter net profit that fell to $6 million, or 13 cents a share, from $11 million, or 24 cents a share, a year ago. Excluding non-recurring items, per-share earnings were 37 cents. Revenue rose to $123.2 million from $106.8 million. The results beat the FactSet consensus estimates for per-share earnings of 36 cents and revenue of $116.6 million. The stock, which was still inactive in premarket trade, has lost 15% over the past three months, while the S&P 500 has gained 1.5%.
McGraw Hill profit hit by legal charges
(7:29 AM ET) NEW YORK (MarketWatch) -- McGraw Hill Financial Inc.said Thursday it had a net loss of $846 million, or $3.11 a share, after earnings of $171 million, or 62 cents a share, in the year-earlier period, weighed down by the costs of a settlement with the U.S. government. The owner of Standard & Poor's Ratings Service recently reached a settlement with the U.S. Department of Justice and state attorneys general to resolve charges it misrated mortgage-related securities in the run-up to the 2008 financial crisis. Excluding those charges and costs, the company had EPS of 95 cents, topping the FactSet consensus of 90 cents. Revenue rose to $1.29 billion from $1.21 billion, also ahead of the FactSet consensus of $1.281 billion. The company said it is raising its quarterly dividend to 33 cents a share from 30 cents, with the new dividend to be paid on March 11. The company said it expects 2015 EPS of $4.35 to $4.45 and revenue growth in the mid single digits. Shares were not yet active in premarket trade, but are up 8.5% in the last three months, while the S&P 500 is up 1.5%.
Avon Products reports wider loss, sales decline
(7:21 AM ET) NEW YORK (MarketWatch) -- Avon Products Inc.reported on Thursday a fourth-quarter net loss that widened to $330.7 million, or 75 cents a share, from $69.1 million, or 16 cents a share, in the year-earlier period. The beauty products company said non-recurring items, such as a charge resulting from lower projected foreign course income, reduced earnings during the period by 95 cents a share. In addition, the negative effect of currency moves had a 22 cents-a-share impact on earnings. Revenue fell 12% to $2.34 billion from $2.67 billion. The FactSet consensus was for adjusted per-share earnings of 25 cents and revenue of $2.35 billion. For 2015, the company expects currency moves to reduce revenue by 12 percentage points. The stock, which gained 1.1% in premarket trade, has lost 19% over the past three months through Wednesday, while the S&P 500 has gained 1.5%.
Tesla market cap in 10 years could be 'basically the same as Apple's is today' CEO Elon Musk says
(2:23 AM ET) SAN FRANCISCO (MarketWatch) - Tesla (NAS:TSLA) CEO Elon Musk said the company's market cap in 10 years could be "basically the same as Apple's is today." Musk made the comments on a conference call with analysts following. Musk said the estimate was based on "back of the envelope" calculations including an assumption of a price-to-earnings ratio of 20. Apple (NAS:AAPL) recently became the first company to top $700 billion in market capitalization. Tesla's current market capitalization is roughly $27 billion.