Tag Archives: lead tech

Merck Jumps, United Therapeutics Drops On Q1 Earnings

Big pharma Merck’s stock jumped 5% Tuesday as the company’s first-quarter earnings beat estimates, bolstered by good news on its diabetes franchise. At the same time, big biotech and IBD 50 stock United Therapeutics fell 5.2% as its quarter missed views. Merck (MRK) reported earnings of 85 cents a share, down 3% from the year-earlier quarter but 10 cents better than analyst views. Sales shrank 8% to $9.43 billion but beat consensus by nearly $400

GoPro Jumps On Earnings, Bullish Outlook, Acquisition

Action camera maker GoPro late Tuesday posted better-than-expected Q1 sales and earnings and announced plans to buy a French company that specializes in 360-degree video technology. GoPro (GPRO) also gave June-quarter guidance that was well ahead of Wall Street’s targets. For Q1, GoPro earned 24 cents a share excluding items, up 140% year over year, on sales of $363 million, up 54%. Analysts polled by Thomson Reuters expected GoPro to earn 18

Barracuda Networks Q4, Outlook Barely Beat

Barracuda Networks late Monday gave earnings and revenue guidance that just edged analyst expectations, and its shares were down nearly 6% after hours. The security vendor reported its 19th straight quarter of double-digit revenue growth. And its sales and EPS beat Wall Street expectations, but just barely. The Campbell, Calif.-based company posted revenue for its fiscal Q4 ended Feb. 28 of $72 million, up 20% from the year-earlier quarter.