2017-04-27

Q1 2017 Results & Webcasts April 27: $GOOG $GOOGL, $AMZN, $VRSN

Q1 2017 Earnings Releases and LIVE Webcasts on Thursday, April 27, 2017, by 3 outstanding tech companies: 
  • 4:30 pm EDT: Alphabet (Google) and Verisign (see below);
  • 5:30 pm EDT: Amazon.com Inc. (see below).
One-year returns of: $GOOG +23.5%; $AMZN +49.9%; $VRSN -0.64% (as of Apr 26)



Alphabet Inc. (NASDAQ: GOOG, GOOGL) will hold its quarterly conference call (video above) to discuss first quarter 2017 financial results on Thursday, April 27, at 4:30 p.m. EDT  (1:30 p.m. Pacific Time) (Eastern Time (EDT).

LIVE webcast of the earnings conference call can be accessed above and here. A replay of the webcast will be available through the same link following the conference call. Visit the Investor Relations website at abc.xyz/investor on April 27, 2017 to view the earnings release prior to the conference call. UPDATE: Alphabet (GOOG) Q1 2017 Results - Earnings Call Transcript | SeekingAlpha.com

Alphabet Announces First Quarter 2017 Results - Investor Relations - Alphabet: "Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2017. "Our excellent results represent a terrific start to 2017, with revenues up 22% versus the first quarter of 2016 and 24% on a constant currency basis. We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet," said Ruth Porat, CFO of Alphabet." (read more at link above)

Larry Page and Sergey Brin founded Google (principal domain: google.com) in September 1998. The company now has more than 70,000 employees worldwide, with a wide range of popular products, services, and platforms. In October 2015, Alphabet became the parent holding company of Google.


Amazon.com Inc. (NASDAQ: AMZN) will hold a conference call to discuss its first quarter 2017 financial results on April 27, 2017, at 5:30 p.m. EDT (2:30 p.m. PDT).

The event will be webcast LIVE, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir (investor relations)

Q1 2017 Summary: Q1 EPS of $1.48 beat analysts' estimates by $0.35. Revenue $35.7B (+22.5% Y/Y) beat by $400M. UPDATE: Amazon.com (AMZN) Q1 2017 Results - Earnings Call Transcript | SeekingAlpha.com.

Amazon - Investor Relations - Press Release: "Amazon.com Announces First Quarter Sales up 23% to $35.7 Billion--financial results for its first quarter ended March 31, 2017: Operating cash flow increased 53% to $17.6 billion for the trailing twelve months, compared with $11.6 billion for the trailing twelve months ended March 31, 2016. Free cash flow increased to $10.2 billion for the trailing twelve months, compared with $6.7 billion for the trailing twelve months ended March 31, 2016. Free cash flow less lease principal repayments increased to $6.2 billion for the trailing twelve months, compared with $3.8 billion for the trailing twelve months ended March 31, 2016. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to $3.3 billion for the trailing twelve months, compared with $1.9 billion for the trailing twelve months ended March 31, 2016. Common shares outstanding plus shares underlying stock-based awards totaled 497 million on March 31, 2017, compared with 490 million one year ago. Net sales increased 23% to $35.7 billion in the first quarter, compared with $29.1 billion in first quarter 2016. Excluding the $492 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 24% compared with first quarter 2016. Operating income decreased 6% to $1.0 billion in the first quarter, compared with operating income of $1.1 billion in first quarter 2016." (read more at link above)

Amazon.com, also called just "Amazon," is an American electronic commerce and cloud computing company (AWS / Amazon Web Services) founded on July 5, 1994, by Jeff Bezos and based in Seattle, Washington. See also: Amazon Form 10-K Annual Report for the fiscal year ended December 31, 2016--Jeff Bezos' Annual Letter, Still 'Day 1' excerpt below:
Amazon.com Inc.EX-99.1 | sec.gov: "... True Customer Obsession - There are many ways to center a business. You can be competitor focused, you can be product focused, you can be technology focused, you can be business model focused, and there are more. But in my view, obsessive customer focus is by far the most protective of Day 1 vitality. Why? There are many advantages to a customer-centric approach, but here’s the big one: customers are always beautifully, wonderfully dissatisfied, even when they report being happy and business is great. Even when they don’t yet know it, customers want something better, and your desire to delight customers will drive you to invent on their behalf. No customer ever asked Amazon to create the Prime membership program, but it sure turns out they wanted it, and I could give you many such examples. Staying in Day 1 requires you to experiment patiently, accept failures, plant seeds, protect saplings, and double down when you see customer delight. A customer-obsessed culture best creates the conditions where all of that can happen. Resist Proxies - As companies get larger and more complex, there’s a tendency to manage to proxies. This comes in many shapes and sizes, and it’s dangerous, subtle, and very Day 2 ..."



Verisign (NASDAQ: VRSN) Q1 2017 Earnings, LIVE Webcast April 27, 4:30pm EDT

Verisign's first quarter 2017 earnings news release will be distributed to the wire services at approximately 4:05 p.m. (EDT) April 27, 2017, and will also be available directly from the company's website at investor.verisign.com.

Listen to webcast
Summary of Q1 2017: Q1 EPS of $0.96 beat estimates by $0.02.
Revenue $288.61M (+2.4% Y/Y) beat by $3.9M
VeriSign (VRSN) Q1 2017 Results - Earnings Call Transcript | SeekingAlpha.com: "Gray W. Powell - Wells Fargo Securities LLC: Great. And then last one, if I may. Just any update on the .web antitrust investigation? D. James Bidzos - VeriSign, Inc.: No substantive update. We continue to cooperate with the Department of Justice relative to the CID that we discussed last quarter. Those interactions and dialogues have been constructive. We're producing documents and information and answering their questions as needed. So it's an ongoing process. Nothing substantive to update now. But, of course, as soon as there is, we'll share it with you."

Verisign Reports First Quarter 2017 Results (NASDAQ:VRSN): "VeriSign, Inc. and subsidiaries ("Verisign") reported revenue of $289 million for the first quarter of 2017, up 2.4 percent from the same quarter in 2016. Verisign reported net income of $116 million and diluted earnings per share (diluted "EPS") of $0.94 for the first quarter of 2017, compared to net income of $107 million and diluted EPS of $0.82 for the same quarter in 2016. The operating margin was 60.7 percent for the first quarter of 2017 compared to 59.2 percent for the same quarter in 2016 ... Verisign ended the first quarter with 143.6 million .com and .net domain name registrations in the domain name base, a 1.0 percent increase from the end of the first quarter of 2016, and a net increase of 1.4 million during the first quarter of 2017. In the first quarter, Verisign processed 9.5 million new domain name registrations for .com and .net, as compared to 10.0 million for the same quarter in 2016." (read more at the link above)

Form 10-Q / Quarterly Report  and View all SEC Filings

LIVE Webcast and teleconference info: Verisign will host a live teleconference call on April 27, 2017, at 4:30 p.m. (EDT), which will be accessible by direct dial at (888) 676-VRSN (U.S.) or (913) 312-1504 (international), conference ID: Verisign. A listen-only live webcast of the earnings conference call will also be available at https://investor.verisign.com. An audio archive of the call will be available at investor.verisign.com/events.cfm.

Verisign is a domain names registry operator and internet security services provider. Verisign ensures the security, stability and resiliency of key internet infrastructure and services, and two of the internet's 13 root servers, and performs the root zone maintainer function for the core of the internet's Domain Name System (DNS) pursuant to an agreement with ICANN. Verisign's Security Services include intelligence-driven Distributed Denial of Service Protection and Managed DNS.

Verisign is the exclusive (monopoly) registry operator of the .COM and .NET TLDs (top-level domains), for which it collects annual registration fees for each of the 143+ million .com and .net registered domain names. "Margin on this recurring revenue is extraordinarily high and minimal need for cash in the business. Bought back stock aggressively in the last ten years (diluted shares shrunk from around 250 million to 125 million)"--Verisign | investoralmanac.com. Warren Buffett's Berkshire Hathaway is the second-largest institutional owner of Verisign shares.

See also: VeriSign Stock Repurchase Capacity | SeekingAlpha.com"... The company's stock buybacks should retire 25-28% of the shares outstanding in the next 5 years.With the buybacks and slow growth, investors should be rewarded generously over the next few years compared to the overall market ..."



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