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.
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
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