Qutoutiao (QTT) reported earnings on Tue 3 Dec 19 (b/o)

** charts after earnings **

 

Qutoutiao misses by RMB 1.03, reports revs in-line; guides Q4 revs below two analyst estimate

Reports Q3 (Sep) loss of RMB 3.32 per share, excluding non-recurring items, RMB 1.03 worse than the S&P Capital IQ Consensus of (RMB 2.29); revenues rose 44.0% year/year to RMB 1.41 bln vs the RMB 1.4 bln two analyst estimate.

Combined average MAUs reached 133.9 million, representing an increase of 105.3% from 65.2 million in the third quarter of 2018, compared to 119.3 million in the previous quarter.

Co issues downside guidance for Q4, sees Q4 revs of RMB 1.6-1.62 bln vs. $1.85 bln two analyst estimate.

Earnings this week : Dec 2 - 6, 19 (wk 49)

Monday (Dec 2)

• Morning: DSX
• Afternoon: COUP

Tuesday (Dec 3)

• Morning: BMO DCI GSM LE  QTT
• Afternoon: AVAV HQY MRVL CRM WDAY ZS

Wednesday (Dec 4)

• Morning: BNED CPB GIII JW.A RY
• Afternoon: HOME DSGX ESTC FIVE GEF HRB POWL PGNY RH SMTC WORK SMAR SPWH SNPS TLYS VRNT 

Thursday (Dec 5)

• Morning: BF.B CM DG DLTH EXPR GMS JILL KIRK KLXE KR MEI MIK PDCO SCWX SIG SY TIF TD
• Afternoon: AOBC CLDR COO CRWD DOCU DOMO EZPW GWRE MDLA OKTA PD SAIC ULTA YEXT ZM ZUMZ ZUO

Friday (Dec 6) 

• Morning: BIG GCO  HHR

Notable earnings reports:

• Coupa Software (NASDAQ:COUP) and Diana Shipping (NYSE:DSX) on December 2; 
• Salesforce (NYSE:CRM), Workday (NASDAQ:WDAY), Marvell Technologies (NASDAQ:MRVL) and AutoZone (NYSE:AZO) on December 3; 
• Slack Technologies (NYSE:WORK), Campbell Soup (NYSE:CPB), At Home Group (NYSE:HOME) and Five Below (NASDAQ:FIVE) on December 4; 
• Kroger (NYSE:KR), Lululemon (NASDAQ:LULU), DocuSign (NASDAQ:DOCU), Dollar General (NYSE:DG) and Zoom Video (NASDAQ:ZM) on December 5; 
• Big Lots (NYSE:BIG) and Genesco (NYSE:GCO) on December 6.

Qutoutiao (QTT) reported earnings on Tue 5 March 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Qutoutiao Inc. (QTT) shares plunged 10% in late trading Tuesday after the Chinese news-aggregation app reported earnings that showed huge growth in revenue and users, but also larger losses. Qutoutiao reported fourth-quarter losses of 398 million renminbi, or $57.9 million, on revenue of 1.33 billion renminbi, or about $193 million, up more than 400% from the year before. After adjusting for stock-based compensation and other effects, the company claimed net losses of $53.3 million, or 22 cents a share. Analysts on average expected adjusted losses of 19 cents a share on revenue of $192.3 million, according to FactSet. The company predicted 2019 revenue of 7.5 billion to 8.5 billion renminbi, after reporting 2018 sales of slightly more than 3 billion renminbi. At current exchange rates, that would be about $1.13 billion to $1.28 billion, while analysts on average were predicting $1.26 billion in 2019 revenue for the company, according to FactSet. Qutoutiao said that daily and monthly users grew more than 200% apiece from the same quarter a year ago, though it paid $108.6 million to acquire users, up nearly 700% from the year before. Qutoutiao shares closed with a 14.2% gain at $15.65 Tuesday, then dropped to about $14 in immediate after-hours action following release of the report. The company went public last year at $7 per ADR.

Earnings this week : March 4 - 8, 2019 (wk 10)

Earnings confirmed to report this week:

Monday (March 4)

• Morning: IPAR
• Afternoon: AFH CTRP HUYA NVGS CRM STRL YY

Tuesday (March 5)

• Morning: AFI BNED CIEN GMS GSKY JW.A KSS KFY SINA TGT TPB WB
• Afternoon: AVAV AMBA CDLX COO FATE NIO OOMA AGS PRMW NX QTT  ROST RYI SSW URBN VSLR WMC  

Wednesday (March 6)

• Morning:  ANF AMRC BZUN BJ BF/B CHS DLTR DCI INXN JILL THO
• Afternoon: ABM AEO ASRT BLDP BREW CBPO CMTL DSGX FTK GWRE HIIQ KIDS MYRG REVG WHD YEXT

Thursday (March 7)

• Morning:  BKS BURL CNQ CPG CRCM DESP FLY HOV HRB IGT IMOS KR MEI PLUG REZI SSYS SUP TECD TWI USPH
• Afternoon: AOBC CHUY COST CYRX EB ERII FIZZ  GSHD INSG LOCO MRVL NVEE OEC OKTA TTOO UPLD WTRH

Friday (March 8)

• Morning: ALLO  BIG DSKE MTN NAV