3 Stocks in Red Thursday

FireEye, TripAdvisor and HubSpot slide on quarterly results

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Aug 02, 2018
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Shares of FireEye Inc. (FEYE, Financial) fell after reporting second-quarter results. The company posted adjusted break-even earnings on revenue of $202.69 million, a 5.7% year-over-year increase. The company beat earnings per share estimates by 1 cent and revenue expectations by $1.18 million.

The GAAP gross margin was 67% of revenue, compared to 65% of revenue in the second quarter of 2017. The non-GAAP gross margin was 75%, up from 74% a year ago. The GAAP operating margin, however, was -24% of revenue, but higher than the -30% of revenue in the year prior. The non-GAAP operating margin was 2% of revenue, compared to -1% last year.

For the third quarter, the company expects total revenue in the range of $206 million to $210 million. It also projects a non-GAAP gross margin of 75% and a non-GAAP operating margin in the range of 2.5% to 3.5%. It also anticipates non-GAAP net income per share of 1 cent to 3 cents.

TripAdvisor Inc. (TRIP, Financial) traded lower on Thursday after reporting second-quarter earnings per share of 41 cents on revenue of $433 million, a 2.1% increase. The company fell short of revenue estimates, but beat earnings expectations by 1 cent.

Hotel revenue fell 4% to $313 million and non-hotel revenue rose 22% to $120 million. Further, the average monthly unique visitors to TripAdvisor-branded sites and apps reached 456 million, while the average monthly unique hotel shoppers declined 3% to 149 million.

Shares of HubSpot Inc. (HUBS, Financial) declined after reporting a second-quarter loss per share of 18 cents on revenue of $122.57 million, a 37.6% year-over-year increase. The company beat earnings estimates by 2 cents and revenue expectations by $4.85 million.

Subscription revenue was $116.6 million, up 38% from the prior-year quarter.Ă‚ Professional services and other revenue was $6 million, up 27%.

"We're starting to see the fruits of our investment in R&D and we're excited about the progress we've made towards building out our suite of product," CEO Brian Halligan said.

Looking ahead, the company expects total revenue to be in the range of $125.6 million to $126.6 million.Ă‚ Non-GAAP operating income is expected to be in the range of $1 million to $2 million.Ă‚ Non-GAAP net income per common share is expected to be in the range of 3 cents to 5 cents.

Disclosure: The author holds no positions in any stocks mentioned.