Earnings Recap: 7 Big Nasdaq Stocks to Review from the Week

Top Nasdaq (NASDAQ:QQQ) (NASDAQ:NDAQ) and S&P 500 (NYSE:SPY) stocks announced earnings this week. Here’s your Cheat Sheet to their announcements and business outlooks:

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Starbucks Corporation (NASDAQ:SBUX): The chain coffee and pastry store operator reported fiscal third quarter earnings today. Net income for Starbucks rose to $279.1 million (36 cents per share) vs. $207.9 million (27 cents per share) in the same quarter a year earlier. This marks a rise of 34.2% from the year earlier quarter. Revenue rose 12.3% to $2.93 billion from the year earlier quarter. SBUX beat the mean analyst estimate of 34 cents per share. It beat the average revenue estimate of $2.85 billion. The stock jumped up 2.60% in after hours trading.

“Starbucks record third quarter results reflect both the underlying strength and continuing momentum we have been experiencing across all of our business segments and around the world,” said Howard Schultz, chairman, president and ceo. “These results demonstrate the power, and the extraordinary global potential, of our unique new business model. Starbucks has never been healthier, more connected to our customers and partners, or better positioned to go after the tremendous business opportunities that lie ahead,” Schultz added.

Akamai Technologies (NASDAQ:AKAM): Akamai Technologies, Inc. provides a distributed computing platform for accelerating and improving delivery of content and applications over the Internet. The company also offers solutions that enhance tools that people use for business transactions. AKAM reported second quarter net income that rose to $47.9 million (25 cents per share) vs. $38.1 million (20 cents per share) in the same quarter a year earlier. This marks a rise of 25.7% from the year earlier quarter. Revenues rose 12.9% to $277 million from the year earlier quarter. Akamai reported adjusted net income of 35 cents per share. By that measure, the company beat the mean estimate of 27 cents per share. Analysts were expecting revenue of $278 million. AKAM shares slumped more than -16% before the opening bell.

“Trends in cloud computing, Internet security, mobile connectivity, and the proliferation of online video have continued to drive our customers’ online initiatives and our business success,” said Paul Sagan, CEO of Akamai. “With the scale, data and software underlying the Akamai intelligent platform, combined with our deep industry expertise, we believe Akamai is uniquely capable of enabling our customers’ online businesses to grow revenues and reduce costs. We continue to position Akamai to lead the next evolution of cloud computing by investing in the business to build new and innovative solutions that leverage the Company’s core competencies.”

Whole Foods Market (NASDAQ:WFM): Whole Foods Market, Inc. owns and operates the chain of natural and organic foods supermarkets. Its products include seafood, grocery, meat and poultry, bakery and prepared foods. The company reported its fiscal third quarter earnings. Net income for the grocery store rose to $88.5 million (50 cents per share) vs. $65.7 million (38 cents per share) in the same quarter a year earlier. This marks a rise of 34.6% from the year earlier quarter. Revenue rose 10.9% to $2.4 billion from the year earlier quarter. WFM beat the mean analyst estimate of 39 cents per share. It fell short of the average revenue estimate of $9.9 billion. The stock was up 2.86% in early trading.

“We are continuing to gain market share at a faster rate than most public food retailers as reflected in our 8.5% comparable store sales growth year to date. We attribute much of our success to our value efforts, which have improved our price image, and to continuing to raise the bar in areas that matter to our customers, particularly quality standards and health and wellness,” said Walter Robb, co-chief executive officer of Whole Foods Market. “We are producing consistently strong top- and bottom-line results and are very excited to be accelerating our new store openings once again. Through continued innovation and ongoing discipline around expenses and capital allocation, we expect to deliver higher levels of both operating performance and returns on invested capital over time.”

IAC/InterActiveCorp (NASDAQ:IACI): The international internet business operator reported its most recent earnings today. Net income rose to $42.4 million (44 cents per share) vs. $13.6 million (12 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter. Revenues rose 20.5% to $485.4 million from the year earlier quarter. IACI reported adjusted net income of 62 cents per share. By that measure, the company beat the mean estimate of 26 cents per share. It beat the average revenue estimate of $463.4 million. The stock closed up 11.25%.

Nasdaq OMX Group (NASDAQ:NDAQ): The company, which delivers trading, securities listing, exchange technology and public company services across six continents, reported results from its most recent quarter. Net income for the diversified investments company fell to $92 million (51 cents per share) vs. $96 million (46 cents per share) a year earlier. This is a decline of 4.2% from the year earlier quarter. Revenues fell 8.7% to $699 million from the year earlier quarter. NDAQ reported adjusted net income of 62 cents per share. By that measure, the company beat the mean estimate of 60 cents per share. It beat the average revenue estimate of $413.1 million. The stock ended the day down -3.25%.

Bob Greifeld, Chief Executive Officer and President, NASDAQ OMX said: “NASDAQ OMX continues to deliver record earnings growth, proving the resiliency of our business model. This was accomplished with the strength of our top line as net revenues grew for the third consecutive quarter and are up 11% for the first half of the year when compared to the same period last year. With a sharp eye on execution we’ve achieved double digit growth in net revenues during a time when ongoing economic uncertainty has created a challenging environment for many of our volume related businesses. We are confident in our ability to continue growing the business organically and to effectively leverage the success which is borne out by our record financial performance.”

Netflix Inc(NASDAQ:NFLX): The provider of subscription services for streaming movies and TV episodes over the Internet and by mail reported its second quarter earnings this afternoon. Net income for the company rose to $68.2 million ($1.26 per share) vs. $43.5 million (80 cents per share) in the same quarter a year earlier. This marks a rise of 56.7% from the year earlier quarter. Revenue rose 51.7% to $788.6 million from the year earlier quarter. NFLX beat the mean analyst estimate of $1.11 per share. Analysts were expecting revenue of $790.5 million. The stock has dropped off -9.69% in after hours trades.

Baidu Inc. (NASDAQ:BIDU): The Chinese language Internet search provider reported its results for the second quarter today, with net income for the company rising to $252.6 million (72 cents per share), a 95% rise from a year earlier (35 cents per share). Revenues also rose 78.4% to $528.4 million from the year earlier quarter. BIDU reported adjusted net income of 74 cents per share. By that measure, the company beat the mean estimate of 66 cents per share. It beat the average revenue estimate of $502.1 million.

“Baidu had another excellent quarter, as we benefited from strong traffic growth and improved monetization,” said Robin Li, chairman and chief executive officer of Baidu. “We were especially encouraged with the strong spending from large customers, highlighting the increased value they saw from their marketing spend on Baidu.”

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