Stock Alert: Upbeat Results Send Ooma Higher

Shares of cloud-based communications platform provider,OOMA, Inc. (NYSE: OOMA) increased $1.50 or 10.90% on Friday, after announcing better-than-estimated fourth-quarter results.

Net loss in the fourth quarter was $2.3 million, or $0.11 per share, compared with net loss of $3.5 million, or $0.17 per share, in the same quarter a year ago. Excluding items, earnings were at $0.04. On average, 5 analysts polled by Thomson Reuters were estimating breakeven earnings for the period.

Revenue for the quarter was $40.6 million, up 17% year-over-year, driven by 61% growth in Ooma Business subscription and services revenue.

For the first quarter, Ooma expects revenue to be in the range of $40.0 million to $40.5 million and adjusted EPS in the range of $0.02 to $0.04.The consensus estimate for EPS is at $0.03 on revenues of $40.14 million.

For the full-year, the company sees revenue in the range of $167.0 million to $170.0 million and adjusted earnings per share to be $0.09 to $0.17. Analysts see earnings of $0.12 per share on revenue of $168.75 million for the period.

OOMA closed Friday’s trading at $15.26. The stock has traded in the range of $9.85- $16.2 in the past one year.

Changyou.com Ltd. Q4 adjusted earnings Beat Estimates

Changyou.com Ltd. (CYOU) reported a profit for its fourth quarter that rose from last year.

The company’s bottom line came in at $59.17 million, or $1.10 per share. This compares with $22.06 million, or $0.41 per share, in last year’s fourth quarter.

Excluding items, Changyou.com Ltd. reported adjusted earnings of $62.34 million or $1.11 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 35.4% to $135.17 million from $99.85 million last year.

Changyou.com Ltd. earnings at a glance:

-Earnings (Q4): $62.34 Mln. vs. $23.03 Mln. last year.
-EPS (Q4): $1.11 vs. $0.44 last year.
-Analysts Estimate: $0.58
-Revenue (Q4): $135.17 Mln vs. $99.85 Mln last year.

Phoenix Group FY19 Pretax Profit Rises – Quick Facts

Phoenix Group Holdings plc (PHNX.L) reported profit before tax of 351 million pounds for the year ended 31 December 2019 compared to 259 million pounds, previous year. Earnings per share was 8.6 pence compared to 66.7 pence. Group operating profit was 810 million pounds compared to 708 million pounds.

Fiscal year total revenue, net of reinsurance payable, increased to 4.18 billion pounds from 2.55 billion pounds. Net premiums written rose to 3.48 billion pounds from 2.16 billion pounds.

The recommended final dividend of 23.4 pence per share is expected to be paid on 19 May 2020.

The Board of Phoenix Group announced that Jim McConville, the Group Finance Director and Group Director Scotland, will be standing down on 15 May 2020. He will be succeeded by Rakesh Thakrar, current Deputy Group Finance Director.

Stock Alert: Upbeat Results Send Ooma Higher

Shares of cloud-based communications platform provider,OOMA, Inc. (NYSE: OOMA) increased $1.50 or 10.90% on Friday, after announcing better-than-estimated fourth-quarter results.

Net loss in the fourth quarter was $2.3 million, or $0.11 per share, compared with net loss of $3.5 million, or $0.17 per share, in the same quarter a year ago. Excluding items, earnings were at $0.04. On average, 5 analysts polled by Thomson Reuters were estimating breakeven earnings for the period.

Revenue for the quarter was $40.6 million, up 17% year-over-year, driven by 61% growth in Ooma Business subscription and services revenue.

For the first quarter, Ooma expects revenue to be in the range of $40.0 million to $40.5 million and adjusted EPS in the range of $0.02 to $0.04.The consensus estimate for EPS is at $0.03 on revenues of $40.14 million.

For the full-year, the company sees revenue in the range of $167.0 million to $170.0 million and adjusted earnings per share to be $0.09 to $0.17. Analysts see earnings of $0.12 per share on revenue of $168.75 million for the period.

OOMA closed Friday’s trading at $15.26. The stock has traded in the range of $9.85- $16.2 in the past one year.

Sohu.com Slips To Loss In Q4

Sohu.com Limited (SOHU), reported that its GAAP net loss attributable to the company for the fourth quarter of 2019 was US$18 million, or US$0.45 per ADS, compared to net income of US$23 million in the fourth quarter of 2018.

Non-GAAP net income attributable to the company for the fourth quarter of 2019 was US$7 million, or US$0.17 per ADS, compared to a net loss of US$51 million in the fourth quarter of 2018.

Total revenues for the fourth quarter of 2019 were US$490 million, up 5% year-over-year and 2% quarter-over-quarter.

Total online advertising revenues, which include revenues from the brand advertising and search and search-related advertising businesses, for the fourth quarter of 2019 were US$316 million, down 5% both year-over-year and quarter-over-quarter.

For the first quarter of 2020, Sohu expects GAAP net loss attributable to the company to be between US$28 million and US$38 million or US$0.70 – US$0.95 per ADS; Total revenues to be between US$400 million and US$435 million.

Non-GAAP net loss attributable to the company is expected to be between US$25 million and US$35 million, and non-GAAP loss per ADS to be between US$0.65 and US$0.90.

China calls for peace dialogue after North Korea launches projectiles

BEIJING (Reuters) – China’s foreign ministry, asked about North Korea’s launch of projectiles, says it calls on all parties to adhere to consultation and dialogue to achieve lasting peace in the Korean peninsula.

Foreign ministry spokesman Geng Shuang made the comments at a daily press briefing on Monday. North Korea launched several short-range projectiles Monday into the sea.