Entertainment platform Roku ROKU swung to a big positive earnings surprise from what was supposed to be a bottom-line miss -- 6 cents per share earned versus and expected -11 cents per share. The company also surpassed expectations in quarterly sales -- $188.3 million vs. $183.2 million expected. But lower guidance than anticipated for Q1 is sending the Zacks Rank #3 (Hold) company tumbling in after-hours trading, currently down 19%. For more on ROKU's earnings, click here.
Regional quick-service restaurant Jack in the Box JACK outperformed expectations on its top and bottom lines after today's closing bell, putting up $1.23 per share as opposed to the $1.06 in the Zacks consensus estimate, on $294.46 million in sales that improved on the $285.94 million expected. The company's pending sale of its Qdoba franchise is expected to benefit the company. For more on JACK's earnings, click here.
Wendy's WEN , however, came up short on both its earnings and sales estimates for the quarter, with a bottom line of 11 cents per share missing by a penny and a top-line of $309.2 million down from the $315.3 million expected. Comps in North America were up slightly, but the quick-service player was operating with nearly 300 fewer restaurants in 2017. As a result, sales fell 14.8% year over year. For more on WEN's earnings, click here.
MindBody, Inc. MB , payment platform services company for the wellness industry, beat quarterly expectations and issued stronger guidance for the coming quarter and fiscal year. The Zacks Rank #3 firm posted 3 cents per share, beating expectations of 1 cent, on revenues of $49.7 million which outperformed the $48.9 million we had been looking for. MindBody showed 30% year-over-year growth on better-than-expected subscription services revenue. For more on MB's earnings, click here.
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