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After-market Movers For April 18 (EBAY, FFIV, VMW, QCOM, YUM, MLNX)

Gainers:

eBay Inc. (EBAY) rose over 6 percent to $38.12. The company's first quarter profit improved from the previous year, on a 29 percent growth in revenues. Both earnings per share and revenue were above analysts' estimates. For the second quarter, the company expects adjusted per share in-line with Wall Street view, but revenue below consensus.

F5 Networks, Inc. (FFIV) gained 3 percent to $127.70 as the company's second quarter earnings and revenue increased from the year-ago quarter and were above consensus.

VMware, Inc. (VMW) increased 3 percent to $114.50. The company's first quarter profit increased from the year-ago quarter. Revenues improved 25.1 percent. Both earnings and revenues were above Wall Street view. The company expects revenues for the second quarter and 2012 in-line with consensus.

Mellanox Technologies, Ltd. (MLNX) rose 13 percent to $48.89. The company swung to a profit in its first quarter. Non-GAAP earnings per share were sharply above analysts' expectation. Revenue rose 61.2 percent and were above consensus.

Decliners:

QUALCOMM Inc. (QCOM) declined over 3 percent to $64.81. The company's second quarter profit and revenues surged from the previous year. Both non-GAAP earnings per share and revenues were above Wall Street view. However, the company expects third quarter and fiscal 2012 non-GAAP earnings per share below consensus.

Yum! Brands, Inc. (YUM) fell 1 percent to $72.25. The company's first quarter profit increased from the previous year and adjusted earnings per share topped analysts' estimate. Total revenues grew 14 percent and were also above consensus. In its China division, system sales increased 28 percent, prior to foreign currency translation and same-store sales increased 14 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of WPP Group Plc. were losing around 11 percent in the early morning trading in London after the advertising giant reported Wednesday that it has revised down fiscal 2017 forecast, despite reporting significant growth in first-half profit and revenues. The company attributed the revision to the pressure on client spending. Teens and young adults now find Instagram and Snapchat more attractive than Facebook, a new study by eMarketer revealed. The report also suggested that for the first time, Snapchat might overtake Facebook in the U.S. by gaining a marketshare of 40.8 percent in social network. A new survey has shown that a majority of parents as well as teens agree that texting or use of cell phones are the biggest distraction to teen drivers. The survey also found that risky driving behavior seems to run in the family. The 2017 Family Safe Driving Report was released by EverQuote Inc., a venture-backed online insurance marketplace.
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