Continuing the trend, BlackBerry delivered earnings surprise for the fourth quarter in a row. The company reported Non-GAAP EPS of $0.01 against analysts’ consensus of -$0.05. The turn in profitability comes much ahead of John Chen’s target of 2016. The company also reported a positive cash flow.
Should You Be Waiting For the Uber and Spotify IPOs? In part 2 of our 3 part series on 2015's hottest IPOs, we look at Uber, one of the most talked about start-ups today, and music streaming service, Spotify, to tell you all you need to know about these upcoming IPOs, including how much it could cost you, to own these companies.
The e-commerce market is heating up with Facebook and Twitter earlier, and now Google announcing a buy button. Google and Amazon have recently been challenging each other with Amazon launching its own ad network even as Google has made several moves into e-commerce. The successful introduction of a buy button will hold various positives for Google and could also provide the online search giant with additional monetization opportunities.
The assets created by internet companies often don't find a place on a balance sheet leading to lower book value of equity. This leads to higher price to book value ratio for internet companies, which could lead to missing out on some good investments if seen in isolation.
BlackBerry is slated to report Q3 2015 earnings before the bell on Friday, December 19th. On the back of strong Passport, analyst expect BlackBerry to report an EPS of -$0.05 on a revenue of $937.41 million. The company needs to report a strong performance if it desires to convince investors about its turnaround possibility.
Google's CPC rates stabilized in Q3, and are likely to improve in Q4, with ad-spends increasing in the holiday season. Google's strategic initiatives, like providing tools to create better looking ads, and focus on fraud prevention will add value to advertisers. With transactions of premium ads on Google's RTB growing at a fast pace, all factors combined could drive Google ad revenue growth and thereby boost Google's overall revenue growth.