Microsoft Corporation (NASDAQ:MSFT) shares climbed 2.14% to
$31.32 in the after hour trading after the company after the company swung to a
fourth quarter loss, hurt mainly by a hefty goodwill impairment charge related
to its online services business and tied to the 2007 acquisition of aQuantive
Inc.
Get Free Updates on
Earnings Everyday For Free Here
The company reported a fourth quarter net loss of $492
million or $0.06 per share, as compared to net income of $5.87 billion or $0.69
per share for the year-ago quarter. Adjusted earnings for the latest quarter
were $0.73 per share. Analysts expected the company to earn $0.62 per share for
the fourth quarter.
Get Free Updates on
Earnings Everyday For Free Here
People's United Financial, Inc. (NASDAQ:PBCT) osted
second-quarter profit of $64.8 million or $0.19 per share, as against $51.2
million or $0.15 per share in the same period last year. Net-interest income
increased to $236 million, versus $221.2 million in the same period last year.
Net-interest margin was 3.97%, as compared to 4.13% in the year ago period.
Analysts expected the company to earn $0.19 per share for the quarter.
Non-interest income totaled $75.7 million, down from $76.6 million last year.
How Should Investors
Trade ETFC, Get
Free Trend Analysis
SanDisk Corporation (NASDAQ:SNDK) stock climbed 11.17% to
$39 in the after hour trading after the company’s second-quarter earnings
plunged owing to much weaker sales and profit margins..
The company posted a second-quarter profit of $12.97
million, or $0.05 a share, as against $284.4 million, or $1.02 a share, in the
same quarter a year ago. On a non-GAAP basis, the company earned $51 million,
or $0.21 a share, for the recent period. Revenue for the quarter fell 25% to
$1.03 billion. Analysts had predicted earnings of $0.19 a share.
Get Free Updates on Earnings Everyday For Free Here
Swift Transportation Co (NYSE:SWFT) shares increased 3.64%
to $8.25 in the after hour trading after the company posted second quarter net
income of $33.7 million, or $0.24 a share, from $19.6 million, or $0.14 a
share, in the same period a year ago. Excluding items, the company earned $0.27
a share. Operating revenue grew 3% to $872.6 million. Analysts had expected
earnings of $0.23 a share on reveneue of $882.8 million.
No comments:
Post a Comment