Green Mountain Coffee Hits New Low On Earnings & Outlook (GLUU, Z, BIDU, AAPL, GMCR)

Glu Mobile Inc.(NASDAQ:GLUU) shares moved up by 3% to $4.74, off session high of $5.00. This morning the company reported its first quarter earnings that topped analysts’ estimates. The company reported a loss of $6.8 million, or 11 cents per share, compared to a year ago loss of $3.2 million, or 6 cents per share. On an adjusted basis, loss would have been a penny, mush better than analysts’ estimates of a loss of 6 cents a share. Revenue during the quarter grew 31% to $21.5 million, from $16.4 million in the 2011 quarter, ahead of analysts view of $18.5 million. For the quarter ending June 30, Glu expects adjusted revenue of $20.5 million to $21.5 million, and an adjusted loss of $2.7 million to $3.6 million, or 4 cents to 6 cents per share. Analysts were expecting revenue of $19.6 million and a loss of 6 cents per share.

Zillow Inc(NASDAQ:Z) shares soared 16% as the company’s first quarter profit and revenue came ahead of analysts’ estimates. The company reported net income of $1.7 million, or 6 cents a share, compared to a year ago loss $826,000, or 6 cents a share, topping the Wall Street estimates by 2 cents. Revenue during the quarter jumped to $22.8 million from $11.3 million, fueled by stronger marketplace and display ad receipts. In the latest quarter, the company's marketplace revenue increased more than twofold to $16.6 million from $6.9 million a year earlier. Display revenue rose 42 percent to $6.2 million from $4.4 million.

Zillow projects second-quarter revenue of $25.5 million to $26.5 million. Wall Street has forecast $24.8 million.
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares have been consolidating after falling about 10% last week on disappointing earnings. The company posted net profit of $299.0 million, up 75.90% year-over-year. On per share basis, the company earned 87 cents a share, ahead of analysts’ estimates of 84 cents a share. Revenue during the quarter jumped 75% year-over-year to $677.1 million, in-line with analysts’ estimates of $677.51 million. Operating profit during the quarter surged 75.10% to $332.1 million.Online marketing revenues increased 75% to $676.5 million. Traffic acquisition cost (TAC) stood at $52.6 million. The company projects to generate revenue of $847.2 million-$867.0 million for the second quarter of 2012, representing a 56.2% to 59.9% year-over-year increase, missing midpoint of the projected $860.2 million.

Apple Inc.(NASDAQ:AAPL) continued to struggle to gain as the stock has ended lower for the fifth straight session on Wednesday and lost 4% over the past one week. Last Wednesday, shares of the world largest company soared 9% as it reported solid second quarter earnings driven by increase demand for iPhones, which spooked many analysts. Now, investors are waiting for the latest version of iPhone, which could be a major trigger for the stock going forward. Analysts are very bullish on the stock considering the company has proven track record in the innovation field and given tough competition to other Smartphone makers.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares hammered down by 45% to $27 after hitting a new low of $26.75 as the company lowered its full year outlook on lackluster earnings. Talking about the guidance, the company now projects to earn $2.40 to $2.50 a share on an adjusted basis, below 15 cents from its earlier outlook of $2.55 to $ 2.65 a share. The company expects to generate revenue within a range of $3.8 billion to $4 billion. These came well below analysts’ target of $2.65 a share on revenue of $4.27 billion. The company smashed its planned capital spending plans to $525 million and $575 million. For the second quarter, the company reported net income of $93 million, or 58 cents a share, up from $65.4 million or 44 cents a share a year ago. Revenue during the quarter grew 37% to $885.1 million, which missed the consensus analyst forecast of $972 million.