This page has been archived and commenting is disabled.
Ebay, Netflix, Seagate Earnings Results Summary
The tech trifecta reporting after hours. E-Bay beats across the board, Seagate misses, Netflix misses EPS, FCF plunges and has Q4 guidance below consensus, but new subscriber adds seem to be all that matters as computers lift every offer inciting a short covering rush.
E-Bay (release):
- Q3 adjusted EPS USD 0.40 vs. Exp. USD 0.37
- Q3 revenue USD 2.249bln vs. Exp. USD 2.18bln
- Q3 net USD 431.93mln
- Q3 operating income USD 490.18mln
Netflix (release):
- GAAP EPS - $0.70 per diluted share vs Exp. of $0.71
- FCF: $7.8MM, compared to $25.5MM in Q3 2009 and $34.2 MM in Q2 2010
- Sees 4Q EPS 59C-74C, vs. Est 75C
- Projects GAAP EPS of $2.68 to $2.83 per diluted share, versus estimates of $2.80
Seagate (release):
- Q1 adjusted EPS 0.37 vs. Exp. USD 0.46
- Q1 revenue USD 2.70bln vs. Exp. USD 2.73bln
- Shipped 49.2mln disk drives in Q1
- Will not be providing any information on the prelim indication of interest on going private
»
- 4318 reads
- Printer-friendly version
- Send to friend
- advertisements -
"but new subscriber adds seem to be all that matters"
it's eyeballs and pageviews all over again
Well, they did just add all of Canada to their list of potentials.
Netflix selection is incredibly horrid (in Canada). Blockbuster may perform better here as they are offering $9.99 unlimited movies (but with a much vaster selection). Supposedly blockbuster Canada is also seeking streaming rights, if so, they will have a broader selection than Netflix (and lights out....)
as if any of that shit matters
Exactly! As long as the pump is on people pile in for the run. The music eventually stops and there aren't enough chairs for everyone. But until then, it's a party.
BTW: Reggie Middleton wrote a great piece on Apple: http://seekingalpha.com/article/231049-google-s-ultimate-threat-to-apple...
Same thing there though. Margin compression? Who cares? We're selling tons of stuff. Raise that price to $1,000 Cody. Because we all know margins don't matter, right?
Agree.
when we are debating 500B or 5T, fundamentals shumandamentals. Someday...
What you don't think streaming movies are as important as the subversion of property rights by a systemically fraudulent banking system or the break down of the rule of law in America, or the insolvency of the United States?
I bet you don't even have an Iphone. Fer real player?
No shit! They are all just tulip bulbs, and Apple is our Semper Augustus bulb.
Its all good. The headline on Bloomberg says so..
http://www.bloomberg.com/news/2010-10-20/netflix-quarterly-profit-rises-...
Dont worry about the fine print. Its all good. ( Sarcasm on)
Ntflx and Ebay are up AH. Recession? Bullshit!!! Buy Ipads on Ebay and watch streaming videos on Netflix while collecting Unemployment. Its a beautiful life.
Miss, miss, lower guidance, mutual fund outflows 24 months in a row. That can mean only one thing:
RALLY CAPS ON!!!!
Do you guys know that does not even take live calls form sell side in Q&A. All they do is pick & choose via emails. Further, the damn cash flow is down 50% yr over yr and down 30% seq. these guys amybe worse than the CUC International chain gang if anyone remembers that one. I dont recall the gumba CFO who got convicted there.
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
cheap vps
windows vps
cheap hosting