Earnings news

 

Another roundup of earnings that will move the market today:

Zynga Inc (NASDAQ:ZNGA) posted surprising positive earnings yesterday after the market closed. The firm had adjusted net earnings of 6 cents per share or a total of $47 million. the firm’s revenues for the same period were $321 million above analysts expectations of $318 million. the company is one to watch as the Facebook IPO gets closer. Facebook derives a large portion of its revenue from the 30% cut it takes from Zynga in return for providing the platform. It will be more and more important to investors to see these firms turn reasonable profits that match their apparent potential. After equity compensation Zynga reported a loss for the first quarter. Costs need to be driven down to ensure better future performance.

Starbucks Corporation (NYSE:SBUX) fell in line with analysts expectations of its earnings but all was not well for the company citing weaker European performance. The Coffee Shop chain posted earnings of 40 cents a share, beating the same period last year’s 34 cents per share bu disappointing investors. Analysts had predicted the company would earn 39 cents per share. European performance has been worrying investors and has seen the company’s stock fall over 5% this morning. The company has tried to allay fears by moving some top execs to the continent.

Angie’s List Inc (NASDAQ:ANGI) suffered losses in the first quarter bu those losses were not as sever as expected by analysts. The company lost 24 cents per share in the three months to March. Forecasts said the firm would lose 26 cents on every share. Revenue also outperformed estimates, coming in at $31.1 million compared with $29.83 million. The company, new to the public market, offers consumer reviews of service company’s at a charge. It has garnered much attention since its IPO last Winter but needs to build revenue to secure a profitable future.

Allscript Healthcare Solutions Inc (NYSE:MDRX) had its worst quarter in recent history forcing the firm’s chairman and three of its directors to leave the company. Earnings per share were just 3 cents for the opening months compared to analyst’s estimates of 24 cents per share. In the same period last year the company earned 7 cents per share. Excluding items the firm earned 12 cents per share still half of estimates. Revenue at the company also came in lower at $364.7 compared to analyst’s forecasts which suggested a figure closer to $390 million. The company is in turmoil on the market this morning and has already shed over 40% of its value with an uncertain future looming.