Tag Archives: lead tech

Baidu Q1 Revenue Misses, Guidance Light On Rising R&D

China search leader Baidu late Wednesday posted Q1 revenue and gave Q2 revenue guidance that both missed expectations, and its shares were down after hours. The company also posted its first year-over-year drop in EPS in at least 18 quarters, but still handily beat Wall Street expectations. Baidu has warned that rising competition and its increasing focus on for-now-less-lucrative mobile users would pressure profit. “Mobile’s tremendous momentum

Valeant Beats Q1 Views, Lifts Guidance, Loses CFO

Valeant Pharmaceuticals International beat Q1 estimates and raised its guidance, but it also announced the departure of the CFO who’s overseen finances during its period of greatest growth. Valeant (VRX) early Wednesday posted revenue of $2.19 billion, up 16% from the year-earlier quarter and $40 million above analysts’ consensus, according to Thomson Reuters. Cash earnings per share rose 10% to $2.36, 2 cents above views. The company added more

Synchronoss Cloud Growth Ahead Of Company’s Guidance

Synchronoss Technologies got its cloud trajectory back on track last quarter. The tech services provider early Wednesday reported first-quarter earnings that beat analyst estimates as it rebounds from a lighter-than-expected 2015 forecast for its fast-growing cloud business. The company’s outlook for the current quarter and revised forecast for the year also exceeded Wall Street views. Synchronoss Technologies (SNCR) stock rose as much as 5.6%