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Candy Crushed: King’s shares fall 22 percent after Q2 sales disappoint

King Digital Entertainment, the game maker behind the massively popular mobile game Candy Crush Saga, is getting destroyed in after-hours trading today after reporting disappointing second-quarter results. The stock is down roughly 22 percent, or $3.98 a share, to trade at $14.18 a share (well below its IPO price of $22.50). The London-based company said it earned 59 cents in adjusted… Read More

Taryn Naidu, CEO of Rightside.

Demand Media spinoff Rightside posts loss of $3.5M in first earnings report

Kirkland-based Rightside Group, a domain name service company that completed a spin off from Demand Media Inc. earlier this week, posted revenue of $46.7 million in its first earnings report today. Rightside, which is trading as NAME on the NASDAQ, also reported a net loss of $3.5 million. Revenue was down about $1.6 million from Q2 2013, while losses increased… Read More

Video thumbnail for youtube video Zulily starts national TV ad campaign, looking to boost mom members

Zulily plans new distribution center to keep up with strong sales growth

Zulily said it will be opening a third distribution center next year in order to keep up with the breakneck sales growth it has been experiencing. The announcement was made on the company’s conference call this afternoon, which discussed results including revenue growth of 97 percent. But despite beating analyst expectations, it is clear the need to increase its distribution… Read More

nanostring

Nanostring posts record revenue of $10.9M, up 51% from last year

NanoString Technologies, a provider of life science tools for research and molecular diagnostic products, beat Wall Street’s expectations with a record $10.9M in revenue for the second quarter, which was up 51 percent from the year-ago quarter. However, the Seattle-based company fell short of earnings expectations with $14 million in losses. “We sustained momentum throughout the first… Read More

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Groupon shares plunge after Q2 revenue of $752 million falls short of expectations

Wall Street had bigger expectations for Groupon’s second quarter results. While the daily deals leader said revenues grew 23 percent to $751.6 year over year, it wasn’t enough for analysts, who were seeking revenues of $761.8 million in the second quarter, according to Thomson Reuters. In after hours trading, investors punished the Chicago-based company, sending… Read More

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Outerwall blames Hollywood for lower Redbox sales

Outerwall, Inc., the Bellevue-based company that operates the popular Redbox video rental kiosks, said in its earnings press release that the company saw lower-than-expected revenues because of a “weak content release schedule” in June. Overall, the company reported $549.2 million in revenue, which missed analyst expectations for its top line by more than $11 million…. Read More

amazon

Amazon expected to post loss as growth spurt continues

It’s a big day for Amazon, with the release of its Fire phone marking the company’s entry into the smartphone market, the latest symbol of its expansive ambitions in the technology world. This afternoon, investors will get a new glimpse of the company’s financial picture — demonstrating, once again, Amazon’s ability to run on very small… Read More

Apple's University Village store. (Credit: Apple)

Apple posts mixed quarterly financial report with $37.4B in revenue, EPS of $1.28

Apple announced today that it made $37.43 billion in revenue during its fiscal third quarter, up more than 6 percent year-over-year. That’s on the high end of Apple’s guidance from earlier this year, but missed high analyst expectations of $38 billion in quarterly revenue. The company also beat expectations with earnings of $1.28 per share, up… Read More

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Google reports quarterly revenue of $16 billion, misses on earnings again as top business exec departs

Google announced today that it brought in $15.96 billion in revenue for the second quarter of 2014, an increase of 22 percent from the same period a year ago. That beats expectations of $15.61 billion in quarterly revenue from analysts surveyed by Thomson Reuters. The Mountain View-based tech giant also reported earnings of $6.08 a… Read More

Zulily celebrates its 2013 IPO.

Zulily’s stock recovers as insiders are allowed to unload shares for first time

Wall Street punished Zulily last week after the daily deals site said it was prioritizing growth over profits. But today the company’s stock recovered a bit after its lock-up period expired. Shares were up nearly $3 to $35 a share, or 9.3 percent during regular trading hours today, and in after hours, shares remained stable. Typically, stock prices fall when insiders are allowed to… Read More

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Zulily cranks up marketing machine to draw in customers for non-kid categories

Wall Street didn’t like that Zulily reported a wider loss than expected, so they probably won’t like hearing this: The Seattle retailer plans to increase its marketing spend beyond what it originally budgeted in 2014. Zulily’s CEO Darrell Cavens and CFO Marc Stolzman made the case during the company’s conference call yesterday as to why this was… Read More

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Zulily’s shares crash as first quarter revenues jump 87 percent

Zulily exceeded the high-end of its estimates, reporting this afternoon that sales in the first quarter totaled $237.9 million, an increase of 87 percent. It also raised full-year revenue guidance slightly, expecting revenues to now fall between $1.15 billion and $1.2 billion. Still, investors reacted negatively to the results, pushing the stock lower after the numbers came… Read More

redbox-kiosk

Outerwall profits up as Redbox sees 200M rentals in Q1

Bellevue-based Outerwall today posted its first quarter earnings and saw revenues increase by 4.7 percent to $600 million. Outerwall, the parent company to the Redbox, Coinstar, and ecoATM device recycling kiosks, also reported profits of $23.2 million, up 2.5 percent from Q1 2013. The Redbox business, which allows people to rent DVDs from kiosks, brought in $515.7 million last… Read More

bluenile

Blue Nile misses quarterly revenue projections, profits in line as stock falls

Blue Nile, the Seattle-based online retailer that specializes in selling luxury goods, announced today that it brought in $103.7 million in sales during the first quarter of 2014, up almost 7 percent from $97.1 million in the year-ago quarter. That missed analyst revenue expectations of $105.44 million for the quarter. The company reported earnings of 8… Read More

Concur

Concur beats expectations with revenue of $169M, sees strong traction as shares jump

Concur, whose software helps businesses better track travel and entertainment expenses, reported strong earnings today that beat Wall Street analysts estimates. The Bellevue company reported revenue of $169.5 million for the period ended March 31, and earnings per share of 15 cents. Analysts anticipated revenue of $165.6 million, and nine cents per share. Shares of… Read More