Info

Full Court Finance

Ben Rains takes on the weeks top trending stories in the sports industry
RSS Feed Subscribe in Apple Podcasts
Full Court Finance
2021
October
September
August
July
June
May
April
March
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June


All Episodes
Archives
Now displaying: Page 1
Nov 4, 2016

On this special, short earnings edition of the Zacks Friday Finish Line podcast, Editor Maddy Johnson and Content Writer Ryan McQueeney take on the hottest earnings of the week.

The hosts started off the episode with a breakdown of social networking giant Facebook Inc.’s (FB) third quarter financial results. The company beat on both the top and bottom lines, with revenues gaining 56% year-over-year. Mobile users continued to grow: mobile DAUs were 1.09 billion on average, increasing 22% year-over-year, while mobile MAUs were 1.66 billion, growing 20% year-over-year.

Read more here: Facebook (FB) Posts Q3 Earnings Beat, Mobile MAUs Up 20%

Maddy and Ryan moved on to Activision Blizzard’s (ATVI) third quarter results. The video game publisher posted an earning beat, and while Activision’s Q3 sales figure beat its own forecast, it missed the Zacks Consensus Estimate due to new SEC reporting practices that the video game industry is following. Activision also reported 483 million monthly active users for the quarter.

Check out more on that story here: Activision Blizzard (ATVI) Posts Q3 Earnings and Revenue Beats

Next, the hosts discussed electronic payments company Square Inc.’s (SQ) third quarter results. Square beat estimates on both the top and bottom lines; revenues gained 32% year-over-year (including revenue from Starbucks). Gross Payment Volume (GPV) for the third quarter was $13.2 billion, up 39% year over year.

Click here for more: Square Gains 4% on Better-than-Expected Earnings, GPV Up 39%

Maddy and Ryan then talked about video game giant Electronic Arts Inc.’s (EA) second quarter fiscal 2017 results, and the company posted both earnings and revenue beats. EA highlighted the performance of its EA Sports division. Over the trailing twelve-months, net sales from FIFA, Madden, and Hockey Ultimate Team are up 15%. EA, however, provided weak full-year guidance, sending its stock sliding.

For more on EA’s earnings, check out: Electronic Arts (EA) Posts Q2 Results, Stock Slumps on Weak Guidance

The hosts wrapped up with coffee king Starbucks Corp.’s (SBUX) fourth quarter results. The company reported top and bottom line beats, with revenues growing 16% year-over-year. Starbucks reported that comparable store sales were up 5% in the Americas, 4% in the U.S., 6% in China, and 4% globally. Its new Mobile Order and Pay feature looks like a success for the company, as it represented about 6% of U.S. transactions, up 5% from the prior quarter.

Read that full story here: Starbucks (SBUX) Gains on Q4 Earnings Beat, Global Comps Up 4% 

Thanks for checking out this special edition of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!

Stocks that Aren't in the News…Yet

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>

0 Comments
Adding comments is not available at this time.