UP AFTER EARNINGS: Sodastream (SODA), up 9.4%... Interpublic Group (IPG), up 5.8%... Owens & Minor (OMI), up 1%... Criteo (CRTO), up 28.3%... Molson Coors (TAP), up 2.4%... GEO Group (GEO), up 3.9%... Scorpio Tankers (STNG), up 3.5%... ACCO Brands (ACCO), up 12.1%... Credit Suisse (CS), up 2%... Hilton (HLT), up 1%... Fossil Group (FOSL), up 80.2%... Century Communities (CCS), up 6.7%... Baidu (BIDU), up 4.8%... Western Union (WU), up 3.8%. DOWN AFTER EARNINGS: Groupon (GRPN), down 7.5%... Tucows (TCX), down 3.9%... Shire (SHPG), down 2.1%... Intercept Pharmaceuticals (ICPT), down 1.7%... Mazor Robotics (MZOR), down 2%... Bunge (BG), down 4.4%... Teck Resources (TECK), down 4.7%.
Tucows, on its Q4 earnings call, provided guidance of $54M in cash EBITDA for 2018, which it said compares to $50M for 2017, representing 8% EBITDA growth. Two analysts had a FY18 EBITDA forecast of $59.65M, according to Bloomberg. Tucows sees FY18 CapEx in the $30M range, the company added on its call.
Reports Q4 revenue $90.6M, one estimate $89.3M. EPS for the fourth quarter reflects a net positive implementation impact from the Tax Cuts and Jobs Act of 2017 of 55c. Elliot Noss, President and CEO, said, "We completed a major acquisition that solidified our position as the second largest domain name registrar in the world, and remain on track to realize acquisition synergies that will contribute approximately $5 million in incremental annualized EBITDA by 2019. Ting Mobile posted its sixth straight year of top line and bottom line growth. And on Ting Internet, we continued to build the foundation of a business that we expect will become a meaningful contributor to our business and deliver growth for many years to come."
Tucows announced that its board has approved a stock buyback program to repurchase, from time to time, up to $40M of its common stock in the open market. The new $40M buyback program will commence February 14, 2018 and will terminate on or before February 13, 2019. Purchases for the new $40M buyback program will be made exclusively through the facilities of the NASDAQ Capital Market. The previously announced $40M buyback program for the period March 1, 2017 to February 28, 2018 has been terminated.
Tucows announced that it has acquired Roam Mobility from Otono Networks. Roam is a Mobile Virtual Network Operator, or MVNO, operating on the same nationwide GSM network as Ting Mobile. The acquisition includes three Roam brands that will each continue to operate independently alongside Ting within Tucows' mobile network access group. There will be no changes for either Roam or Ting customers. Revenue from the Roam businesses will start contributing to Tucows financials toward the end of September. However, it is not expected to have a material impact on overall company performance. Tucows will also be partnering with Otono for eSIM enablement and will utilize the Otono Platform in the near future to bring greater device support to Ting. eSIM allows mobile users to more easily choose mobile networks and switch between networks on their tablets and wearables.