logo-loader

Expedia, Nvidia, Activision Blizzard - AFTER HOURS

Last updated: 06:31 09 Feb 2018 EST, First published: 01:31 09 Feb 2018 EST

Online travel agent

Online travel agent Expedia Inc (NASDAQ:EXPE) was set to lose around one-sixth of its market value at the market open after missing earnings estimates.

Underlying earnings in the fourth quarter were down 28.2% year-on-year to 84 cents, some 32 cents below the consensus estimate on Wall Street.

https://files.shareholder.com/downloads/EXPE/5984407066x0x970956/4DCB38C8-E532-4727-B424-ACFB34DB54F1/Q4_2017_Earnings_Release.pdf

Revenues rose 10.8% from a year earlier to US$2.32bn but were down 21.8% quarter-on-quarter and below the Street's expectation of US$2.37bn.

Total gross bookings increased 14% (including two percentage points of positive foreign exchange impact), driven primarily by growth in Brand Expedia, HomeAway, Hotels.com, EAN and Egencia.

Graphics chop specialist Nvidia Corporation (NASDAQ:NVDA) – now an increasingly important player in the development of driverless cars – cheered the market with its fourth-quarter earnings after the bell on Thursday.

Adjusted earnings per share of US$1.78 were well above the US$1.17 the market had been expecting.

Revenue rose by just over a third from the year before to US$2.91bn, which was also above the consensus forecast, which was pitched at US$2.69bn.

“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of NVIDIA.

“In a powerful sign of our progress, attendees at NVIDIA’s GPU [graphics processing unit] Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI [artificial intelligence], self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.

“Industries around the world are racing to incorporate AI. Virtually every internet and cloud service provider has embraced our Volta GPUs. Hundreds of transportation companies are using our NVIDIA DRIVE platform. From manufacturing and healthcare to smart cities, innovators are using our platform to invent the future,” he said.

The shares were up 9.7% in screen-based trading.

Activision Blizzard Inc (NASDAQ:ATVI, the computer games publisher behind Call of Duty and World of Warcraft, had a record fourth quarter to cap a record year.

Underlying earnings per share of 49 cents were well above the company's guidance figure of 36 cents.

Net revenues also came in ahead of guidance, clocking in at US$2.04bn, versus guidance of US$1.7bn.

Call of Duty: WWII was the top-grossing console game of the year globally, with the game setting a Sony PlayStation milestone as the biggest day one digital release ever.

Despite that, the shares were down just a shade in after-hours' trading.  

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely...

1 hour, 30 minutes ago