logo
Plus   Neg
Share
Email
Comment

After-market Movers For April 24 (AAPL, NSC, AFL, JNPR, BIDU, CRAY, CYMI, SFLY)

Gainers:

Apple Inc. (AAPL) gained more than 7 percent to $600.96. The company's second quarter profit jumped 94 percent from the year-ago quarter and were above Wall Street view. March quarter sales of iPhones improved 88 percent, iPads surged 151 percent, Macs increased 7 percent, while sales of iPods declined 15 percent. However, the company guided its third quarter results below consensus.

Norfolk Southern Corp. (NSC) rose more than 1 percent to $71.22. The company's first quarter profit increased 26 percent and were above consensus. Railway operating revenues increased 6 percent.

AFLAC Inc. (AFL) gained 5 percent to $44.00. The company's first quarter profit doubled from prior year, while operating earnings improved 6.3 percent. Revenues rose 21.9 percent.

Cray Inc. (CRAY) jumped 24 percent to $8.75 amidst the news that it has agreed to sell its interconnect hardware development program and related intellectual property to Intel Corp. (INTC) for $140 million in cash.

Juniper Networks, Inc. (JNPR) rose more than 1 percent to $22.00 . The company's first quarter profit and net revenues declined from the year-ago period, but topped Wall Street view. The company guided second quarter non-GAAP earnings per share to fall short of estimate, but revenues in-line with consensus.

Shutterfly, Inc. (SFLY) improved 6 percent to $30.80.

Decliners:

Baidu, Inc. (BIDU) declined 11 percent to $121.16. The company's first quarter profit and revenues surged from the prior year period. However, the company provided a weak revenue forecast for its second quarter.

Cymer Inc. (CYMI) declined 7 percent to $45. The company's first quarter profit and revenue declined from the year-ago quarter, but were above consensus. The company guided its second quarter revenue above consensus.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Tech giants Amazon.com, YouTube and Twitter as well as Verizon Communications are exploring bids for digital streaming rights to the National Football League or NFL's Thursday Night Football package, according to media reports. The NFL is likely to strike a multi-year deal for the digital streaming rights. However, the television audience for the NFL has declined for two consecutive years. Wynn Resorts Ltd. said Friday that former Chief Executive Officer Steve Wynn is not entitled to any severance payment of other compensation from the company. Wynn resigned last week as CEO and Chairman of the board following allegations of sexual misconduct. In a regulatory filing, Wynn Resorts said it entered into a separation agreement between Steve Wynn, and Wynn Resorts Holdings LLC. Beverages giant Coca-Cola Company on Friday reported a net loss for the fourth quarter, reflecting a one-time charge related to the U.S. tax reform and a double-digit decline in revenues. However, adjusted earnings per share matched analysts' expectations, while revenues beat their estimates. The company's shares are rising more than 2 percent in pre-market activity.
comments powered by Disqus
Follow RTT