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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
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock. Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
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