Financial summaries: Baidu, Vodafone, 3D Systems, SanDisk

Baidu Inc.
On October 29, 2013, Q3 2013 financial results: The Company’s total revenues increased 42.3% YoY to RMB8.9 billion (c.$1.5 billion) during the quarter. Net income attributable to Baidu increased 1.3% YoY to RMB3.0 billion ($498 million), diluted earnings attributable to Baidu per ADS for Q3 2013 were RMB8.63, compared to RMB8.59 in Q3 2012. Commenting on the results, Baidu’s Chairman and CEO Robin Li, said, “We were pleased to see strong results in the third quarter as revenue remained on a solid growth trajectory. Mobile search revenues in particular continued to grow at an exciting pace as more of our customers recognize the benefits of mobile marketing on the Baidu platform.” Li added, “I am proud of the progress we made during the quarter. Our flagship mobile products like search and maps continue to gain momentum. We solidified our mobile native app distribution capabilities with the 91 Wireless acquisition. And we introduced search-enabled Light Apps, which will allow users to more easily discover long tail app content, and will offer developers a powerful distribution channel in Baidu mobile search.”

Vodafone Group
On October 29, 2013, the stock of Vodafone Group plc (Vodafone) declined 0.37%, ending the day at $36.34. Over the previous three trading sessions, shares of Vodafone declined 1.76%,whereas the Nasdaq Composite gained 0.60% during the same period.

3D Systems
The Company’s total revenue increased 49.9% YoY to $135.7 million during the quarter. Net income attributable to 3D Systems increased 30.6% YoY to $17.7 million, while comprehensive income increased 51.2% YoY to $23.5 million. The Company’s net income per diluted share available to 3D Systems’ common stockholders also increased 6.3% YoY to $0.17. Commenting on the results, Avi Reichental, 3D Systems’ President and CEO, said, “We are very pleased to report another record revenue quarter on unprecedented printer units demand that more than tripled last year’s unit sales.”Reichental continued, “Stronger materials sales, increased advanced manufacturing activities and meaningful consumer products revenue contribution fueled our growth.”

SanDisk Corporation
On October 29, 2013, SanDisk Corporation (SanDisk) announced that SanDisk Ventures, an initiative launched by the Company to invest in companies with promising technologies, is investing in Magisto, creator of a video editing app with more than 13 million users on iOS and Android platforms. The Company stated that Magisto’s mobile app enables amateur videographers to create captivating professional quality movies in just a few clicks, converting average videos into memorable content. Sumit Sadana, Executive Vice President and Chief Strategy Officer at SanDisk, said, “With Magisto, video captured on a smartphone of a family’s first ski trip can have professional-looking music and graphics automatically added in just a few clicks. This greatly enhances the video’s value and viewability, which is why Magisto has become so popular with consumers worldwide. We see video continuing to be a growth driver for flash storage in mobile devices, and SanDisk is pleased to be able to play a role in Magisto’s next-stage of growth and evolution.”

From: Analysts Corner

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