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Omar Venerio
Omar Venerio
Articles (1385) 

3 Stocks to Watch Thursday

Stocks move on earnings

August 09, 2018 | About:

Shares of Yelp Inc. (NYSE:YELP) climbed more than 25% after the company reported second-quarter earnings per share of 12 cents on $235 million in revenue, a 12.5% year-over-year increase. The company beat earnings estimates by 11 cents and revenue expectations by $2.72 million.

The company's earnings before interest, taxes, depreciation and amortization rose to $47 million from $43 million, beating expectations of $41.2 million. Cash flow from operations was $61 million.

The company expects full-year revenue between $952 million and $967 million (versus consensus of $960 million) and EBITDA of $186 million to $192 million.

Shares of iPass Inc. (NASDAQ:IPAS) plummeted on Thursday morning after the company posted a second-quarter loss of 6 cents per share on $10.54 million in revenue. Both figures fell short of estimates.

"We witnessed significant churn in our legacy, pay-per-use enterprise business, but this churn was offset by a $3 million iPass SmartConnect technology license, which is the type of high-margin, high-value business we've been striving to complete," President and CEO Gary Griffiths said. "While the future of our business is certainly centered in expanding the penetration of SmartConnect and the related Veri-Fi data products in a wide range of devices and applications, this does not mean that the enterprise is no longer important."

 Alteryx Inc. (NYSE:AYX) jumped approximately 15% after reporting a second-quarter loss of 9 cents per share on revenue of $46.8 million, a 54.4% year-over-year increase. The company beat earnings estimates by 1 cent and revenue expectations by $3.13 million.

“We had another outstanding quarter highlighted by over 50% revenue growth and continued leading net revenue retention,” CEO Dean Stoecker said.

The GAAP gross profit was $41.5 million, or a gross margin of 89%, an increase from $25 million, or 83%, in the comparable quarter of 2017.

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

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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