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GOOGL Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Rise
ZACKS· 2025-07-24 16:55
Core Insights - Alphabet's second-quarter 2025 earnings per share (EPS) of $2.31 exceeded the Zacks Consensus Estimate by 7.44% and represented a year-over-year growth of 22.2% [1][10] - The company's shares rose approximately 3.3% in pre-market trading following the strong earnings report [1] Revenue Performance - Total revenues reached $96.43 billion, marking a year-over-year increase of 13.8% (13% at constant currency) [2] - Net revenues, excluding traffic acquisition costs (TAC), were $81.72 billion, surpassing the consensus estimate by 2.2% and growing 14.5% year over year [2] - TAC amounted to $14.71 billion, reflecting a year-over-year increase of 9.8% [2] Segment Analysis - Google Cloud revenues surged 31.7% year over year to $13.62 billion, accounting for 14.1% of total revenues and beating the Zacks Consensus Estimate by 4.24% [3] - Google Services revenues increased 11.7% year over year to $82.54 billion, representing 85.6% of total revenues and exceeding the consensus estimate by 3.28% [4] - Google advertising revenues rose 10.4% year over year to $71.34 billion, making up 74% of total revenues and beating the consensus mark by 3% [5] - Search and other revenues increased 11.7% year over year to $54.19 billion, surpassing the Zacks Consensus Estimate by 3.04% [5] - YouTube's advertising revenues improved 13.1% year over year to $9.77 billion, beating the consensus mark by 2.9% [5] - Google Network revenues decreased 1.2% year over year to $7.35 billion but still beat the consensus mark by 2.88% [6] - Google subscriptions, platforms, and devices revenues were $11.2 billion, up 20.3% year over year, exceeding the consensus mark by 4.72% [6] - Other Bets' revenues were $373 million, up 2.2% year over year, but missed the consensus mark by 12.16% [6] Operating Performance - Total costs and operating expenses were $65.16 billion, up 13.7% year over year, with the operating margin expanding to 32.4%, an increase of 10 basis points year over year [7] - Google Services' operating margin was 40.1%, contracting 10 basis points year over year [7] - Google Cloud's operating income was $2.83 billion, compared to $1.17 billion in the same quarter last year [7] - Other Bets reported a loss of $1.25 billion, compared to a loss of $1.13 billion in the year-ago quarter [8] Financial Position - As of June 30, 2025, cash, cash equivalents, and marketable securities totaled $95.15 billion, slightly down from $95.33 billion as of March 31, 2025 [11] - Long-term debt increased to $23.61 billion as of June 30, 2025, from $10.89 billion as of March 31, 2025 [11] - Alphabet generated $27.75 billion of cash from operations in Q2 2025, down from $36.15 billion in Q1 2025, with capital expenditures of $22.45 billion, resulting in a free cash flow of $5.3 billion [12] Capital Expenditure Guidance - For 2025, Alphabet expects to spend $85 billion on capital expenditures, indicating a proactive approach to investment [13]
BlackBerry Analysts Boost Their Forecasts After Upbeat Earnings
Benzinga· 2025-06-25 17:23
Group 1 - BlackBerry Limited reported better-than-expected first-quarter results, with earnings of $0.02 per share and revenue of $121.7 million, surpassing analyst estimates of $0.00 and $112.18 million respectively [1] - CEO John J. Giamatteo highlighted the strong performance of the QNX and Secure Communications divisions, which exceeded both revenue and profitability expectations [2] - The company affirmed its fiscal 2026 adjusted EPS guidance of $0.08 to $0.10 and raised its revenue guidance to a range of $508 million to $538 million, compared to the previous estimate of $504 million to $534 million [2] Group 2 - Following the earnings announcement, BlackBerry shares increased by 14.7%, trading at $4.9649 [3] - Analysts adjusted their price targets for BlackBerry, with Baird raising it from $4 to $5, Canaccord Genuity from $4.25 to $4.6, and RBC Capital from $3.75 to $4 [5]
ABM Stock Price Decreases 12% Since Reporting Q2 Earnings Miss
ZACKS· 2025-06-16 17:51
Core Insights - ABM reported mixed results for Q2 fiscal 2025, with earnings per share (EPS) missing estimates while revenues exceeded expectations [1][2][8] - The stock has declined 12.3% since the results were released on June 6 due to disappointing earnings and weak EPS guidance [1][8] - For fiscal 2025, ABM expects adjusted EPS in the range of $3.65-$3.80, with the midpoint lower than the consensus estimate [1][8] Financial Performance - ABM's EPS was 86 cents, missing the Zacks Consensus Estimate by 1.2% and declining 1.2% year over year [2][8] - Total revenues reached $2.1 billion, surpassing estimates by 2.2% and increasing 4.6% from the previous year [2][8] - Adjusted EBITDA was $125.9 million, up 4% from the year-ago quarter, with an adjusted EBITDA margin of 6.2% [6] Segment Performance - Business & Industry segment revenues increased 2.6% year over year to $1 billion, supported by healthy office leasing activity [3] - Manufacturing & Distribution segment revenues rose 2.4% to $398.1 million, benefiting from strong industrial activity and new business [3] - Aviation segment revenues grew 9.2% to $260.1 million, driven by robust domestic air travel [4] - Technical solutions segment revenues increased 19.3% to $210.2 million, supported by strong demand in data centers [5] Balance Sheet and Cash Flow - At the end of Q2 fiscal 2025, ABM had cash and cash equivalents of $58.7 million, slightly down from $59 million in the previous quarter [7] - Long-term debt remained flat at $1.5 billion, and net cash utilized by operating activities was $32.3 million for the quarter [7] - Free cash flow for the quarter was $15.2 million [7]
HP Stock Falls 8% on Q2 Earnings Miss, Revenues Rise Y/Y
ZACKS· 2025-05-29 15:36
Core Viewpoint - HP Inc. reported lower-than-expected earnings for Q2 fiscal 2025, leading to a 7.8% decline in share price after market hours. The company also provided a profit outlook for Q3 that fell short of expectations, indicating ongoing challenges in the personal computer market [1][10]. Financial Performance - HP's non-GAAP earnings for Q2 were 71 cents per share, missing the consensus estimate by 11.3% and declining 13% from the previous year's earnings of 82 cents [1][2]. - Revenues increased by 2.4% year-over-year to $13.2 billion, but this also missed the Zacks Consensus Estimate by 1.7% [2]. - The Personal Systems (PS) segment, which accounts for 68.2% of total revenues, generated $9 billion, reflecting a 7% increase year-over-year (8% at constant currency) [3][4]. Segment Performance - The total PC units sold increased by 6% year-over-year, with a notable 11% rise in Commercial PS shipments, while Consumer PS shipments decreased by 2% [4]. - The Printing business, making up 31.8% of net revenues, saw a 4% decline in revenues year-over-year to $4.2 billion, primarily due to weaknesses in the Commercial Printing and Supplies segments [5]. Regional Performance - HP experienced growth across all regions, with the Americas up 4.7%, EMEA growing by 1.5%, and Asia Pacific and Japan increasing by 8.8% year-over-year [6]. Operating Margins - The non-GAAP operating margin for the PS segment contracted by 150 basis points to 4.5%, while the Printing division's margin decreased by 50 basis points to 19.5%. Overall, HP's non-GAAP operating margin from continuing operations contracted by 120 basis points to 9% [7]. Cash Flow and Shareholder Returns - At the end of Q2, HP had cash and cash equivalents of $2.73 billion, down from $2.89 billion in the previous quarter. The company generated $38 million in cash from operations but reported negative free cash flow of $95 million [8]. - During the quarter, HP repurchased $100 million in shares and paid $273 million in dividends, totaling $546 million in dividends and $200 million in share buybacks for the first half of fiscal 2025 [9]. Guidance - For Q3 fiscal 2025, HP estimates non-GAAP EPS between 68 cents and 80 cents, below the Zacks Consensus Estimate of 82 cents. The company also lowered its fiscal 2025 EPS guidance to a range of $3.00 to $3.30, down from $3.06 to $3.36, with the consensus at $3.44 [10].
Booz Allen's Q4 Earnings Surpass Estimates, Increase Y/Y
ZACKS· 2025-05-27 17:31
Core Insights - Booz Allen Hamilton Holding Corp. (BAH) reported mixed fourth-quarter fiscal 2025 results, with earnings exceeding estimates while revenues fell short [1][2] Financial Performance - Adjusted earnings per share were $1.61, surpassing the Zacks Consensus Estimate by 1.3% and increasing 21.1% year-over-year [2] - Revenues totaled $2.3 billion, missing the consensus estimate by 1.5% but showing a year-over-year increase of 7.3% [2] - Excluding billable expenses, revenues were $2.05 billion, reflecting a 6.2% year-over-year growth [2] Backlog and Book-to-Bill Ratio - Total backlog increased by 14.8% year-over-year to $37 billion, although it fell short of the estimated $38.7 billion [3] - Funded backlog rose 5.6% to $4.4 billion, missing the anticipated $4.9 billion, while unfunded backlog increased by 4.9% to $8.8 billion, also below the estimate of $9.8 billion [3] - Priced options grew by 21.9% to $23.8 billion, slightly missing the expectation of $23.9 billion [4] - The book-to-bill ratio improved to 1.39 from 1.22 in the previous year [4] EBITDA and Margins - Adjusted EBITDA reached $1.32 billion, an 11.9% increase from the prior year, aligning with estimates [5] - The adjusted EBITDA margin remained flat at 11% year-over-year [5] Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the quarter were $885 million, up from $554 million in the previous quarter [6] - Long-term debt increased by 16.9% year-over-year to $3.9 billion [6] - The company generated $218 million in net cash from operating activities, with capital expenditures of $1.2 billion and free cash flow of $911 million [6] Fiscal 2026 Outlook - For fiscal 2026, BAH anticipates revenues between $12 billion and $12.5 billion, with expected growth of 0-4% [7] - Adjusted EPS is projected to be between $700 million and $800 million, with capital expenditures around $110 million [7]
百度美股盘前拉升,现涨近2%
news flash· 2025-05-21 09:09
Group 1 - The core point of the article is that Baidu's stock price increased nearly 2% in pre-market trading following the release of its financial report, indicating positive market sentiment towards the company's performance [1] - Baidu reported a net profit of 7.717 billion yuan for Q1 2025, which is an increase from 5.448 billion yuan in the same period last year, reflecting a year-on-year growth of 42% [1]
Here's What to Know Ahead of Target Hospitality's Q1 Earnings
ZACKS· 2025-05-15 16:31
Core Viewpoint - Target Hospitality Corp. is expected to report a loss in Q1 2025, with significant declines in both earnings and revenues compared to the previous year, reflecting ongoing challenges in its business segments [1][2][3]. Financial Performance - The adjusted earnings for Q1 2025 are estimated to be a loss of $0.02 per share, a deterioration of 110% from the EPS of $0.20 reported in the same quarter last year [2]. - Revenue estimates for Q1 2025 are pegged at $65.4 million, indicating a decline of 38.7% from $106.7 million in the prior-year quarter [3]. Segment Performance - The Government segment's revenues are expected to be $23.7 million, down from $67.6 million in the prior-year quarter [4]. - Revenues from the Hospitality & Facilities Services – South segment are estimated at $35.8 million, a slight decrease from $36.9 million reported in the previous year [4]. Cost and Operational Challenges - The company's bottom line is anticipated to be negatively impacted by increased selling, general, and administrative expenses, alongside a declining top line [5]. - The adjusted gross profit for the Government and Hospitality & Facilities Services – South segments is projected to be $16.2 million and $11.5 million, respectively, both showing year-over-year declines [6]. Earnings Prediction Model - The current model does not predict an earnings beat for Target Hospitality, as the Earnings ESP stands at 0.00% and the company holds a Zacks Rank of 2 (Buy) [7][8].
网易第一季度营收288亿元人民币,预估284.9亿元人民币
news flash· 2025-05-15 08:37
Summary of Key Points Core Viewpoint - NetEase reported strong financial results for the first quarter, exceeding market expectations in several key metrics, which led to a pre-market stock price increase of over 3% [4]. Financial Performance - Adjusted earnings per ADS for continuing operations were 17.51 RMB, surpassing the estimate of 13.73 RMB [1]. - Online gaming services generated net revenue of 240.5 billion RMB, exceeding the forecast of 230.8 billion RMB [1]. - Gross profit for the quarter was 184.8 billion RMB, higher than the expected 175.7 billion RMB [3]. - The gross profit from online gaming services was 165.5 billion RMB, compared to the estimated 156.1 billion RMB [3]. Other Business Segments - Revenue from innovation and other businesses was reported at 16.2 billion RMB, falling short of the anticipated 18.7 billion RMB [2].
Pediatrix Medical's Q1 Earnings Beat Estimates on Declining Costs
ZACKS· 2025-05-09 16:35
Core Viewpoint - Pediatrix Medical Group, Inc. reported strong first-quarter 2025 results, leading to an 11.5% increase in shares, driven by same-unit revenue growth, improved payor mix, and a decline in overall expenses, although higher clinical compensation costs partially offset these gains [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were 33 cents, exceeding the Zacks Consensus Estimate by 32% and showing a 65% year-over-year increase [2]. - Net revenues totaled $458.4 million, a decline of 7.4% year over year, but still beating the consensus mark by 0.9% [2]. - Same-unit revenues improved by 6.2% year over year, surpassing estimates, with patient volume contributing a 1.6% increase [3]. - Total operating expenses decreased by 11% year over year to $426.3 million, driven by lower practice salaries and benefits, which fell 8.7% to $337 million [4]. - Net income reached $20.7 million, a significant increase from $4 million in the prior-year quarter, while adjusted EBITDA rose 32.3% to $49.2 million [5]. Cash and Debt Position - As of March 31, 2025, cash and cash equivalents were $99 million, down from $229.9 million at the end of 2024, with total assets declining to $2 billion [6]. - Total debt, including finance leases, was $612.6 million, a slight decrease from $617.7 million at the end of 2024 [6]. Shareholder Equity and Repurchase - Total shareholders' equity increased to $789.2 million from $764.9 million at the end of 2024 [7]. - The company repurchased common shares worth $1.6 million in Q1 2025, with a remaining capacity of $1.3 million under its $500 million repurchase program [8]. Future Outlook - Management revised the 2025 adjusted EBITDA projection to between $220 million and $240 million, up from the previous range of $215 million to $235 million [9]. - Estimated net income for 2025 is projected to be between $106.21 million and $120.81 million, with interest expenses forecasted at $36.87 million [10].
MTCH Q1 Earnings Meet Estimates, Revenues Fall Y/Y, Stock Down
ZACKS· 2025-05-09 16:10
Core Viewpoint - Match Group reported first-quarter 2025 earnings of 67 cents per share, matching estimates, with a 52.3% increase year-over-year, while revenues of $831 million decreased 3% year-over-year but exceeded estimates by 0.39% [1][10] Financial Performance - Direct revenues were $812.4 million, down 4% year-over-year, while indirect revenues increased 30.8% to $18.7 million, driven by Hinge's strength [2] - Total payers decreased 5% year-over-year to 14.198 million, surpassing estimates by 0.25%, while revenues per payer (RPP) increased 1% to $19.07, lagging estimates by 0.4% [3] - Tinder's direct revenues fell 7% year-over-year to $447.4 million, exceeding estimates by 0.16% [3] - Hinge revenues grew 23% year-over-year to $152.2 million, with payers increasing 19% to 1.697 million and RPP rising 3% to $29.90 [4] - Evergreen and Emerging revenues declined 12% year-over-year to $149.2 million, with payers down 16% to 2.395 million and RPP up 5% to $20.76 [5] Operating Details - Total operating costs and expenses were 79% of revenues, decreasing 2% year-over-year to $658.6 million, with adjusted operating income down 2% to $275 million, representing a 33% margin [6] Balance Sheet - As of March 31, 2025, cash and cash equivalents were $414 million, down from $970.7 million as of December 31, 2024, while long-term debt decreased from $3.8 billion to $3.5 billion [7] - The company repurchased 6.1 million shares for $195 million in the quarter and an additional 3.5 million shares for $100 million in April 2025, with $1.45 billion available under the current repurchase program [8] Guidance - For Q2 2025, revenues are expected to be between $850-$860 million, indicating a 3% to flat year-over-year decline, with adjusted operating income anticipated in the range of $295-$300 million, suggesting a 2-4% decline [9] - For full-year 2025, revenues are projected between $3,375-$3,500 million, implying a 3% year-over-year decline to 1% growth, with adjusted operating income expected between $1,232-$1,278 million [10][11]