Yahoo! Inc. (YHOO) gained over 2 percent to $15.40 as the company's first quarter profit and revenues increased from the previous year and also topped Wall Street view. The company guided second quarter revenues, excluding traffic acquisition costs, in-line with analysts' estimate.
CSX Corp. (CSX) gained nearly 3 percent to $23.07. The company's first quarter profit rose from the year-ago quarter and was above Wall Street view. Revenue improved 6 percent and was above consensus. In addition, the company said it remains on track to achieve year-over-year earnings growth in 2012.
United Rentals, Inc. (URI) increased 8 percent to $44.26. The company swung to a profit in its first quarter. Revenues increased from the year-ago quarter and were above consensus. In addition, the company has reaffirmed its standalone outlook for an increase in rental rates of approximately 5% for the full year.
International Business Machines Corp. (IBM) declined more than 2 percent to $202.55. The company's first quarter profit increased from the previous year and operating earnings per share were above Wall Street view. However, revenues fell short of analysts' estimate. Meanwhile, the company raised its full-year 2012 operating earnings guidance.
Intel Corp. (INTC) declined over 2 percent to $27.69. The company's first quarter profit declined from the year-ago quarter, but were above consensus. Net revenue increased from the prior year and also were above consensus.
Cree, Inc. (CREE) fell over 8 percent to $29.20 as the company's third quarter profit plunged from the year-ago quarter. Non-GAAP earnings per share were below Wall Street view by a penny. Revenue rose 30 percent, but were below consensus. In addition, the company expects its fourth quarter results below analysts' expectations.
by RTT Staff Writer
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