The shares of the following three companies gapped up on Wednesday after reporting their quarterly earnings :-
The Boeing Company(NYSE:BA) added 2.60% to $73.94 as the company posted reported surprise increase in second-quarter net income and lifted its full year earnings forecast.
Get Complete Analysis on Earnings of BA for Free Here
The company said that profit during the quarter jumped 3% to $967 million, or $1.27 per share, up from a year ago profit of $941 million, or $1.25 per share. Revenue grew 21% year over year to $20 billion from $16.54 billion a year ago. Analysts were estimating $1.13 a share on revenue of $19.28 billion.
For all of 2012, Boeing Co. now projects to earn $4.40 to $4.60 per share, up from between $4.15 and $4.35. Still, that new forecast is mostly under what Wall Street is banking on. Analysts expect $4.57 a share.
Defense revenue rose 7%, while revenue in the commercial airplane division jumped 34%. The divisions are roughly the same size, but some observers fear they will go in opposite directions.
Ancestry.com Inc(NASDAQ:ACOM) shares popped up 16% in the opening session after media reports suggesting that the company is exploring strategic sale with analysts are estimation the company could get an offer of as much as $35 a share. Reuters cautioning that it was not clear whether a sale would happen.
Get Complete Analysis on Earnings of ACOM for Free Here
Lumber Liquidators Holdings Inc(NYSE:LL) surged 16% after the company reported better than estimated second quarter earnings. The company reported net income of $12.2 million, or $0.43 a share, up 130.40% year over year from $5.3 million, or $0.19 a share a year ago. Revenue also jumped 19.90% to $210.3 million, from $175.5 million a year ago quarter. Same store sales grew 12.4% for the quarter. Analysts were estimating the company to report 28 cents a share on revenue of $196.10 million.