Top-Line Numbers Impress Street
Pandora Media reported first-quarter revenue of $128.5 million, beating the $124 million average analyst estimate. It also raised full-year guidance. Earnings were only in line with consensus, but traders are focusing on that top-line strength, sending P up 12 percent before the bell on my tradeMONSTER platform.
Infoblox Earnings, Revenue Beat
Infoblox earned $0.11 a share in its third quarter on revenue of $58 million. Analysts had only expected $0.07 and $55.9 million, respectively. Guidance was also strong for the current quarter. BLOX surges 18 percent on the news.
More Bad Numbers From Sears
Sears Holdings had a quarterly loss of $2.63 a share, much worse than the $0.60 expected by analysts. Revenues of $8.5 billion also lagged the $8.74 billion consensus number. SHLD craters 14 percent in the pre-market.