MEMC Electronic Materials, Inc. (NYSE:WFR) shares
surged 33.98% to $2.76 after the company reported second-quarter GAAP net loss
of $61.3 million, or $0.27 per share, as compared to net income of $47.3
million, or $0.21 per share, in the 2011 second quarter. Non-GAAP net income
for the 2012 second quarter was $32.9 million, or $0.14 per share. GAAP revenue
for the second quarter was $808.4 million, representing an increase of 8% from
$745.6 million in the second quarter of 2011. Non-GAAP revenue for the quarter
was $933.4 million. Analysts expected the company to report a loss of $0.02 per
share on revenues of $749.51 million for the quarter.
How Should Investors Trade WFR After Today’s
Earnings? Get Complete
Analysis
AuthenTec, Inc. (NASDAQ:AUTH) shares fell 0.73% to
$8.21 in the early hour after the company posted second quarter GAAP
consolidated net loss of $1.2 million, or $0.03 per diluted share, as compared
to GAAP net loss of $4.8 million, or $0.11 per diluted share, in the second
quarter of 2011.
As of June 29, 2012, the company had approximately
$25.3 million in cash and investments, up from the $22.8 million cash and
investments at the end of the first quarter of 2012, and had no debt.
EZchip Semiconductor Ltd. (NASDAQ:EZCH) stock
plunged 15.43% to $33.10 after the company reported lower revenue and profits
for the second quarter of 2012. The company’s revenue fell 9% to $15.8 million
for the second quarter from $17.3 million in the year ago period. GAAP-based
net profit rose to $5.6 million ($0.19 per share) from $5.1 million for the
corresponding quarter, while non-GAAP net profit fell to $8.4 million ($0.29
per share). The company missed the analysts' consensus of $0.26 earnings per
share but slightly beat the revenue consensus of $15.5 million.
Should Investors Buy EZCH After
Today’s Fall
McDonald's Corporation (NYSE:MCD) shares declined
2.29% to $86.98 in the morning hour after the company said its global
comparable sales were flat in July. For July, Europe reported a 0.6% drop in
comparable sales for July as strong results in the U.K. and Russia were more
than offset by weaker performance in Germany and several Southern European
markets amidst an increasingly difficult environment. Systemwide sales for the
month slid 3.2%, or increased 2.3% in constant currencies.
Radian Group Inc. (NYSE:RDN) stock declined 1.96% to
$2.99 in the morning hour after the company released data for primary mortgage
insurance delinquencies for July 2012. The 52 week trading range for the
company is $1.80 - $4.68. The shares of the company gained 51% in the last one
year.
No comments:
Post a Comment