logo
Share SHARE
FONT-SIZE Plus   Neg

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
Payments giant PayPal filed a lawsuit against music streaming company Pandora Media over alleged similarities in both companies' logos. The trademark infringement lawsuit was filed last week in U.S. District Court for the Southern District of New York, seeking legal costs and unspecified damages. PayPal also called for Pandora to cease use of its current blue "P" logo. Tiffany & Co. reported Wednesday higher profit in its first quarter, above market estimates. Net sales edged up, but missed market view amid lower comparable sales in all regions. Further, the company maintained its fiscal 2017 earnings view, but updated sales growth view on a constant exchange rate basis. In pre-market activity, Tiffany shares were losing 3.92 percent. Lowe's Co. reported Wednesday lower profit in its first quarter, reflecting a loss on extinguishment of debt, despite higher sales and comparable sales. Adjusted earnings per share and sales missed market estimates. Further, the company updated its fiscal 2017 earnings view to reflect the loss, and backed sales growth forecast. In pre-market activity, shares were declining 7.34 percent.
comments powered by Disqus
Follow RTT