Infoblox Soars On Solid Earnings (BLOX, ESL, DDD)
Infoblox Inc (NYSE:BLOX) stock climbed 7.49% to $19.95 in the after hour session after the company reported a third-quarter net loss of $1.0 million or $0.07 per share, as against $3.1 million or $0.31 per share in the year-ago quarter. On a non-GAAP basis, net income was $2.2 million or $0.05 per share. Total net revenue for the quarter rose 37% to $43.42 million. Analysts expected the company to earn $0.01 per share on revenue of $41.44 million for the quarter.
Looking ahead, the company expects fourth quarter non-GAAP earnings in the range of $0.00 to $0.01 per share and total net revenue in the range of $42.5 million to $44.0 million. Analysts currently expect earnings of $0.00 per share and revenue of $42.06 million for the fourth quarter.
Esterline Technologies Corporation (NYSE:ESL) management is in discussion with Activist investment fund Relational Investors LLC, who has disclosed a 6.6% stake in Esterline, has intensified over company strategy and operations. Relational Investors said that since its initial investment in Esterline in August 2009, it has had on-going talks with the company’s board and management about its concerns regarding operational improvements, capital structure, capital allocation, executive compensation and investor communications. Those discussions have intensified recently, specifically around the issues of profit margins and investment returns.
3D Systems Corporation (NYSE:DDD) shares climbed 0.10% to $30.44 in the after hour session after the company announced that it has acquired Bespoke Innovations, Inc. (Bespoke), a startup based in San Francisco, California, that is bringing a more personal approach to the way a broad spectrum of medical devices are developed and used. Bespoke develops, integrated scan, design and print technology that is designed to deliver custom fit prosthetics, orthotics and orthopedic devices that improve treatment and lifestyle outcomes. Financial terms were not disclosed.
Additionally, the company confirmed its previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 non-GAAP EPS. Analysts are expecting the Company to report revenue of $348 million and EPS of $1.07 for fiscal 2012.