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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
Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year. Coca-Cola Co. (KO) posted a profit for the second-quarter that increased 11 percent from last year, while net operating revenues declined 5 percent. It is targeting full-year 2016 net share repurchases of $2.0 billion to $2.5 billion.
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