Strategic Acquisitions, Earnings Releases, Preliminary Results, and New Product launches - Analyst Notes on TripAdvisor, Tableau, Flextronics, Sina and Activision
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NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding TripAdvisor Inc. (NASDAQ: TRIP), Tableau Software, Inc. (NYSE: DATA), Flextronics International Ltd. (NASDAQ: FLEX), Sina Corporation (NASDAQ: SINA) and Activision Blizzard, Inc. (NASDAQ: ATVI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2174-100free.
TripAdvisor Inc. Analyst Notes
On May 5, 2014, world's largest travel site - TripAdvisor Inc (TripAdvisor) announced the acquisition of Tripbod. Tripbod is a London-based travel group that helps travelers to connect with local experts and deliver relevant recommendations. TripAdvisor stated that Tripbod employees will now operate out of the TripAdvisor London office. Commenting on the acquisition, Adam Medros, Senior Vice President, Global Product, TripAdvisor, said, "The Tripbod team understands the important role a strong community plays in helping travelers plan and have the perfect trip. Both companies have a shared vision when it comes to delivering on that promise. We are pleased to welcome Tripbod to TripAdvisor as we work together on future developments." TripAdvisor did not disclose the terms of the acquisition. The full analyst notes on TripAdvisor are available to download free of charge at:
http://www.analystsreview.com/2174-TRIP-08May2014.pdf
Tableau Software, Inc. Analyst Notes
On May 5, 2014, Tableau Software, Inc. (Tableau) reported financial results for Q1 2014. Tableau reported total revenues of $74.6 million, up 86.3% YoY. Thomson Reuters' estimated revenues for Q1 2014 were $63 million. The Company reported License revenues of $48.4 million, up 83.3% YoY. According to Tableau, diluted GAAP loss per share was $0.09, as compared to diluted GAAP loss of 0.12 in Q1 2013. Non-GAAP net loss was $0.4 million for Q1 2014, or $0.01 per diluted common share, compared to non-GAAP net loss of $1.8 million, or $0.05 per diluted common share for Q1 2013. Thomson Reuters' analysts' estimated a loss of $0.11 per share, excluding special items. Commenting on the financial performance, Christian Chabot, CEO and President said, "We added over 1,800 new customer accounts, and continued to see adoption expand within our existing customers." The full analyst notes on Tableau are available to download free of charge at:
http://www.analystsreview.com/2174-DATA-08May2014.pdf
Flextronics International Ltd. Analyst Notes
On April 30, 2014, Flextronics International Ltd. (Flextronics) announced results for Q4 FY 2014 and FY 2014 (period ended March 31, 2014). The Company reported Q4 FY 2014 net sales of $6.7 billion, surpassing the Company's earlier revenue guidance of $5.9 billion to $6.3 billion and analysts' estimates of $6.1 billion. The Company announced adjusted EPS of $0.24 for Q4 FY 2014, up 84.6% YoY. Analysts' polled by Thomson Reuters expected the Company to generate profit per share of $0.20 for Q4 FY 2014. For FY 2014, the Company reported $26.11 billion in net sales, up 10.8% YoY, while adjusted EPS were $0.89, 5 cents more than of prior year period. Flextronics expects revenue for Q1 FY 2015, (period ending June 27, 2014) to be in the range of $6.0 billion to $6.5 billion and the adjusted EPS to be in the range of $0.20 to $0.24 per diluted share. The full analyst notes on Flextronics are available to download free of charge at:
http://www.analystsreview.com/2174-FLEX-08May2014.pdf
Sina Corporation Analyst Notes
On May 2, 2014, SINA Corporation (SINA) announced selected preliminary unaudited financial metrics for Q1 2014. SINA estimates total net revenues for Q1 2014 to be nearly $171 million, including advertising revenues of approximately $135 million and non-advertising revenues of approximately $36 million. SINA expects net loss attributable to SINA to be roughly $33 million, or $0.52 diluted net loss per share. On a non-GAAP basis, net income is expected to be approximately $11 million, or $0.15 per diluted share. The Company stated that the aforementioned numbers are subject to change as it is still in the process of finalizing numbers for the quarter. SINA is expected to report its unaudited financial results for Q1 2014 on or around May 21, 2014. The full analyst notes on Sina are available to download free of charge at:
http://www.analystsreview.com/2174-SINA-08May2014.pdf
Activision Blizzard, Inc. Analyst Notes
On May 2, 2104, Activision Blizzard Inc. (Activision) announced new "Call of Duty: Advanced Warfare" game with the power of the next generation advanced soldier. The Company informed that that new Call of Duty stars academy award winning actor Kevin Spacey. Activision stated that Call of Duty: Advanced Warfare surprises players with a revolutionary experience visualizing a future in which technology and tactics have progressed to lead in a new age of battle for the franchise. Eric Hirshberg, Activision Publishing, CEO, said, "We've made several key decisions with an eye towards creative excellence on Call of Duty: Advanced Warfare. We've really approached this game differently. This is our first three-year development cycle. It's our first time with Sledgehammer Games at the creative helm." The Company has started accepting pre-orders of Call of Duty: Advanced Warfare at retail outlets worldwide and will release it on November 4, 2014. The full analyst notes on Activision are available to download free of charge at:
http://www.analystsreview.com/2174-ATVI-08May2014.pdf
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