Plug Power First Quarter earnings report for FY15

Plug Power reported its first quarter earnings and posted earnings per share of 7 cents in line with analysts estimate.

Plug Power reported its first quarter earnings for fiscal year 15 on Monday May11. The company posted 7 cents in earnings per share in line with Thomson Reuters consensus forecast of 7 cents per share, as reported by Stock Market News. The company also reported $9.40 million n revenue for the period as compared to $18.13 million of consensus estimate. The revenue of the company was up 68% on year over year basis.

For t full fiscal year 2015, the company provided revenue guidance of $100 million against consensus forecast of $103 million. The fuel cell manufacturer said that these sales will incline throughout the year with almost 35% to 40% of the yearly revenue estimated in the first six months of current fiscal year.

Chief Executive Officer and President of Plug Power, Andy Marsh said, “The backlog for our products and services continued to grow in the first quarter. This has provided us with a high level of confidence in meeting this year’s financial projections”.

During the first quarter, Plug Power earned $9.4 million in revenue; this includes 1 hydrogen station and 265 GenDrive units. Furthmore, the company shipped almost 419 GenDrive units and progress its construction on 7 different hydrogen fueling stations. The amount of these shipments will be reflected in revenue part in the Q2 of fiscal year 2015. The Company shipped around 175 units out of these 419 GenDrive units to a new customer.

Related to GenCare services, Plug Power had around 5,500 unit of GenDrive and 8 infrastructure sites of hydrogen as of March 31 service contract against 3,000 unit of GenDrive and no hydrogen infrastructure sites in the similar quarter last year.

Total administrative costs for the quarter were $10.7 million compared to $5.1 million in the prior year quarter.

Plug Power stock opened at $2.43 on Monday. The company has twelve month low and high of $2.40 and $6.47, respectively. The stock has 50 day and 200 day moving average of $2 and $3, respectively. Plug Power had $421.38 of market capitalization.

Plug Power stock was up 4.94% to $2.55 at market close on Monday.

Netflix Inc. first quarter FY15 earnings release

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Netflix Inc. reported its first quarter earnings on April 15, with net addition of 4.9 million new subscribers.

The January to March 2015 quarter was good for Netflix in terms of subscription. International, domestic and entire streaming accounts reached 40 million, 20 million and 60 million, respectively.

Netflix Inc. in the first quarter 2015, added almost 4.9 million more members to its streaming network compared to previous quarter, the company now have around 62.27 million members. However, the company was targeting 4.1 million new subscribers but it was able to cross the target.

It’s the consistent fourth quarter in which the streaming giant was able to add more international subscribers than domestic. The stateside still contains 70% of revenue.

Revenue of the company rose by 24% since the previous year quarter to reach $1.57 billion, which is according to the estimate by Wall Street’s top line forecast, but reported outcomes were held back due to falling foreign currency. Company’s net profit of $0.38 per share was much less than analysts’ estimate of $0.69 and its previous quarter net profit of $0.86 per share , but the reason for this miss was mainly because of exchange rate volatility. The company would have pocketed a $0.77 per share profit for foreign exchange volatility.

The better than expected addition of subscription did not come as a surprise, as last week Netflix tweeted “Netflix members watched 10 billion hours last quarter. That’s about 905,892,833 seasons of @HouseofCards”

Things for Netflix are moving into the right direction. The Online Streaming company is seeking to extend its streaming base by almost 2.5 million in the next quarter. That number does not look attractive after adding almost twice of this in the first quarter, the reason is past results shows that the 2^nd quarter is usually sleepy for the company. It added only 1.7 million users in the prior year second quarter.

After the announcement of first quarter result, Netflix stock went down in the first 45 minutes on Wednesday. The stock was 3.25% down to $475.46. However, during after hour trading it went up by almost $59.

Netflix stock closed at $475.46 after falling by 0.68 on Wednesday. The Los Gatos based company has 52 week low and high of $471.55 and $480.93, respectively.