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Wall Street and Markets

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How Facebook, Apple, Snap other tech giants fared during Q2

Who were the winners and losers and which ones rose with the record-setting market?

Innovation series by Steven Loeb
August 11, 2017
Short URL: http://vator.tv/n/49f1

(Updated with earnings from Snap)

2017 has been a strong year for the markets. The Nasdaq reached an historical high of 6,410.81 in July, and is currently up over 18 percent year-to-date. The Dow Jones Industrial Average, meanwhile, recorded record highs nine days in a row, and is up nearly 12 percent year-to-date. 

Perhaps it's not surprising, then, that many tech stocks have seen their shares rise this year as well.

Of course, whether it's an up or down market, what matters most is how each company is performing. With the second quarter earnings season wrapping up, let's take a look at which came out on top, and which ones got shellacked.

Apple: Winner! Beat rev, earnings; stock is up 6.7 percent after earnings.  

  • Earnings Date: 8/1/2017
  • Revenue: $45.4 billion
  • Expected Revenue: $44.89 billion
  • EPS: $1.67
  • Expected EPS: $1.57
  • Stock since earnings: $150.05 (end of day trading 8/1) to $160.08 (end of day trading 8/8), up 6.7 percent

 

Alphabet: Mixed bag! Beat rev/earnings; Shares down 5.4 percent since earnings due to cost-per-click declines of 6 percent quarter-over-quarter, and 23 percent year-over-year.

 

  • Earnings Date: 7/24/2017
  • Revenue: $26.01 billion
  • Expected Revenue: $20.9 billion
  • EPS: $5.01
  • Expected EPS: $4.49 
  • Stock since earnings: $980.34 (end of day trading 7/24) to $926.79 (end of day trading 8/8), down 5.4 percent

 

Microsoft: Winner! Beat rev/earnings, though shares have slipped slightly, down 1.9 percent

  • Earnings Date: 6/8/2017
  • Revenue: $24.7 billion 
  • Expected Revenue: $24.3 billion
  • EPS: $0.83
  • Expected EPS: $0.71
  • Stock since earnings: $74.22 (end of day trading 6/8) to $72.79 (end of day trading 8/8), down 1.9 percent

 

Cloudera: Mixed bag! Beat rev/earnings; Shares down 8 percent since earnings due to iming problems with billings, since Cloudera won’t see the billings for contracts until the next quarter.

  • Earnings Date: 7/20/2017
  • Revenue: $79.6 million
  • Expected Revenue: $75.8 million
  • EPS: ($0.27)
  • Expected EPS: ($0.35)
  • Stock since earnings: $18.8 (end of day trading 7/20) to $17.3 (end of day trading 8/8), down 8 percent

 

Facebook: Winner! Beat rev, earnings; stock is up 3.4 percent after earnings.  

  • Earnings Date: 7/26/2017
  • Revenue: $9.32 billion
  • Expected Revenue: $9.2 billion 
  • EPS: $1.32
  • Expected EPS: $1.13
  • Stock since earnings: $165.61 (end of day trading 7/26) to $171.23 (end of day trading 8/8), up 3.4 percent

 

Twitter: Mixed bag! Beat rev/earnings; Shares down 17.7 percent since earnings due to the company's flat user growth. 

  • Earnings Date: 7/27/2017
  • Revenue: $574 million
  • Expected Revenue: $536.7 million
  • EPS: $0.12
  • Expected EPS: $0.05 
  • Stock since earnings: $19.61 (end of day trading 7/26) to $16.15 (end of day trading 8/8), down 17.7 percent

 

Groupon: Missed! Came up short on rev/earnings came in as expected; Shares down 3.8 percent after earnings. 

  • Earnings Date: 8/2/2017
  • Revenue: $662.6 
  • Expected Revenue: $670 million
  • EPS: $0.02
  • Expected EPS: Breakever
  • Stock since earnings: $4.23 (end of day trading 8/2) to $4.07 (end of day trading 8/8), down 3.8 percent

 

Square: Winner! Beat rev/earnings, though shares have slipped slightly, down 1.7 percent.

  • Earnings Date: 8/2/2017
  • Revenue: $552 million
  • Expected Revenue: $536.3 million
  • EPS: ($0.04)
  • Expected EPS: ($0.05)
  • Stock since earnings: $26.46 (end of day trading 8/2) to $26.02 (end of day trading 8/8), down 1.7 percent

 

 FitBit: Winner! Beat rev/earnings; Shares up 16.2 percent since earnings

  • Earnings Date: 8/2/2017
  • Revenue: $353.3 million
  • Expected Revenue: $341.6 million
  • EPS: ($0.08)
  • Expected EPS: ($0.15)
  • Stock since earnings: $5.07 (end of day trading 8/2) to $5.89 (end of day trading 8/8), up 16.2 percent

 

Yelp: Winner! Beat rev/earnings; Shares up 4 percent since earnings after it sold Eat24 to GrubHub.

 

  • Earnings Date: 8/4/2017
  • Revenue: $209 million
  • Expected Revenue: $205 million
  • EPS: $0.09
  • Expected EPS: ($0.03)
  • Stock since earnings: $40.05 (end of day trading 8/4) to $41.69 (end of day trading 8/8), up 4 percent

 

GrubHub: Winner! Beat rev/earnings were as expected; Shares up 6.6 percent since earnings.

  • Earnings Date: 8/4/2017
  • Revenue: $159 million
  • Expected Revenue: $153 million
  • EPS: $0.26 cents
  • Expected EPS: $0.26
  • Stock since earnings: $52.62 (end of day trading 8/4) to $56.09 (end of day trading 8/8), up 6.6 percent

 

Etsy: Winner! Beat rev/missed on earnings; Shares up 11.4 percent since earnings.

  • Earnings Date: 8/2/2017
  • Revenue: $85.35 million
  • Expected Revenue: $80.6 million
  • EPS: ($0.06)
  • Expected EPS: ($0.01)
  • Stock since earnings: $14.02 (end of day trading 8/2) to $15.62 (end of day trading 8/8), up 11.4 percent

 

Twilio: Winner! Beat rev/earnings; Shares up 10.6 percent since earnings.

  • Earnings Date: 8/7/17
  • Revenue: $95.9 million
  • Expected Revenue: $86.2 million 
  • EPS: ($0.05)
  • Expected EPS: ($0.11)
  • Stock since earnings: $30.35 (end of day trading 8/2) to $33.58 (end of day trading 8/8), up 10.6 percent

 

Snap: Missed! Came up short on rev/earnings; Shares down 16.7 percent after earnings. 

  • Earnings Date: 8/10/17
  • Revenue: $181.7 million
  • Expected Revenue: $186.2 million
  • EPS: ($0.16)
  • Expected EPS: ($0.14)
  • Stock since earnings: $13.77 (end of day trading 8/10) to $11.47 ( after hours trading 8/10), down 16.7 percent

(Image source: crowdability.com)


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