QUALCOMM Inc. (QCOM) gained nearly 7 percent to $67.80. The company's first quarter earnings and total revenues improved from the previous year period and were above Wall Street view. The company provided a positive outlook for its second quarter and also raised its fiscal 2013 forecast. The company also announced that its chief financial officer William Keitel has decided to retire and will be replaced by George Davis.
Las Vegas Sands Corp. (LVS) rose nearly 6 percent to $54.50. The company's fourth quarter GAAP profit increased 36 percent, while its adjusted earnings per share were below analysts' expectation. Net revenue for the quarter increased 21 percent and was above the consensus estimate.
Fortinet Inc. (FTNT) improved 17 percent to $22.60. The company's fourth quarter profit and revenues increased from the year-ago quarter and were above analysts' projection.
Citrix Systems, Inc. (CTXS) rose 11 percent to $74.50. The company's fourth quarter profit increased from the prior year quarter and its adjusted earnings per share topped Wall Street view. Revenues rose 19 percent and were above analysts' estimate. Meanwhile, the company forecast its first quarter adjusted earnings per share below Street view. For the full year 2013, the company expects adjusted earnings per share in-line with estimate and revenues above market view.
Align Technology Inc. (ALGN) rose 10 percent to $32.25. The company's fourth quarter earnings declined from the year-ago quarter, but its adjusted earnings per share topped Wall Street view. Total revenues also topped the consensus estimate. The company expects first quarter revenues above market view. The company also announced the resignation of its finance chief Kenneth Arola.
Facebook, Inc. (FB) declined over 2 percent to $30.54. The company's fourth quarter profit declined from the year-ago quarter, while its adjusted earnings per share topped Wall Street view. Revenue for the quarter rose 40 percent and was above the consensus estimate. Monthly active users improved 25 percent in the quarter, while daily active users rose 28 percent. Mobile monthly active users surged 57 percent year-over-year. Mark Zuckerberg, Facebook founder and CEO, commented that, "In 2012, we connected over a billion people and became a mobile company,"
Fusion-io, Inc. (FIO) plunged 19 percent to $16.25. The company swung to a profit in its second quarter and its adjusted earnings per share topped analysts estimate. Revenue rose 43 percent and managed to come slightly above the consensus estimate. Meanwhile, the company expects third quarter and fiscal 2013 revenue sharply below Wall Street view.
by RTT Staff Writer
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