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Omar Venerio
Omar Venerio
Articles (1398) 

Earnings Results Make 3 Stocks Move Friday

CenturyLink, Natera fall, while Trade Desk jumps

November 09, 2018 | About:

Shares of CenturyLink Inc. (NYSE:CTL) fell more than 11% on Friday after announcing third-quarter results Thursday evening. The company posted earnings of 25 cents per share on $5.82 billion in revenue, a 3.5% year-over-year decline. The company beat earnings estimates by 2 cents, but fell $60 million short of revenue expectations.

The company recorded free cash flow of $1.163 billion, up from $600 million in the prior-year quarter on a pro forma basis.

CenturyLink reaffirmed its full-year outlook for adjusted earnings before interest, taxes, depreciation and amortization of $9 billion to $9.15 billion.

Shares of The Trade Desk Inc. (NASDAQ:TTD) were up more than 5% on Friday after the company posted third-quarter earnings of 65 cents per share on  $118.million in revenue on Thursday, reflecting an increase of 49.6% year over year. The company beat earnings estimates by 1cents and topped revenue expectations by $1.43 million.

Mobile (in-app, video and web) spend rose 65% from the year-ago quarterThe segment increased to 46% of gross spend, its highest percentage ever, highlighting the growing importance of this channel to advertisers. Connected TV grew over 10 times in the same period. In addition, audio grew 192%, mobile video grew 98% and mobile in-app grew 90%.

For the year, the company now guides for $464 million in revenue. For the fourth quarter, it projects revenue of $147 million and adjusted EBITDA of $53 million.

Shares of Natera Inc. (NASDAQ:NTRAfell nearly 22% on Friday morning after reporting third-quarter results Thursday evening. The company registered a loss of 49 cents per share on revenue of $65.28 million, growing 16.8% year over year. The company fell 2 cents short of earnings estimates and $1.1 million short of revenue expectations.

The gross profit was $23.6 million, representing a 36% gross margin, compared to $21.3 million, representing a 38% gross margin in the same period of the prior year.

Looking ahead to the full year, the company expects total revenue of $250 million to $260 million, with cost of revenues to be between 64% and 67%.

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

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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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