Google Inc. (GOOG: Quote) gained 3 percent to $611.90. The company's second quarter profit improved from the previous year period and its earnings per share were above Wall Street view. GAAP revenues surged 35 percent.
Microsoft Corp. (MSFT: Quote) gained over 2 percent to $31.38. The company slipped to a loss in its fourth quarter, although its non-GAAP earnings per share were above Wall Street view. Revenues increased from the year-ago quarter, but missed the consensus estimate.
SanDisk Corp. (SNDK: Quote) rose 12 percent to $39.25. The company's second quarter profit plunged from the year-ago quarter, but its adjusted earnings per share and revenues topped Wall Street view. The company said it expects strengthening industry fundamentals and its expanding portfolio of solutions to contribute to improving financial results in the second half of 2012.
Advanced Micro Devices, Inc. (AMD: Quote) declined more than 5 percent to $4.59. The company's second quarter profit and net sales decreased from the last year quarter. The company noted that overall weakness in the global economy, softer consumer spending and lower channel demand for its desktop processors in China and Europe made the closing weeks of the quarter challenging. On a sequential basis, the company expects third quarter revenue to decrease 1 percent, plus or minus 3 percent.
Freescale Semiconductor Ltd. (FSL: Quote) declined nearly 12 percent to $9.01. The company's second quarter net loss narrowed from the year-ago quarter. Adjusted net earnings declined from the year-ago quarter, but topped the consensus estimate. Net sales declined from the previous year period, but managed to surpass analysts' prediction. Meanwhile, the company expects its third quarter net sales below consensus.
Chipotle Mexican Grill, Inc. (CMG: Quote) fell 11 percent to $358.00. The company's second quarter profit improved from the previous year period. Total revenues for the quarter grew 20.9 percent, but were below the consensus estimate.
Align Technology, Inc. (ALGN: Quote) decreased 2 percent to $31.00. The company's second quarter profit and revenues surged from the comparable period prior year and were also above analyst'' estimates. However, the company provided a weak forecast for its third quarter. The company noted that its third quarter net revenues will be impacted by lower Invisalign ASPs.
Intuitive Surgical, Inc. (ISRG: Quote) was down over 5 percent to $513.51. The company's second quarter profit and revenues improved from the year-ago quarter and also topped Wall Street view.
Trading in shares of Cepheid (CPHD: Quote) was halted. The company's second quarter profit declined from the year-ago quarter. Revenues improved 21 percent, but missed the consensus estimate. The company also stated that it is taking a more cautious view for the remainder of the year.
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by RTT Staff Writer
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