Top Earnings (RAX, SAPE, STEC, VVUS)

Sapient Corporation (NASDAQ:SAPE) posted second-quarter net profit of $14.68 million or $0.10 per share, as compared to $15.20 million or $0.11 per share in the same quarter last year. Adjusted income increased to $21.25 million or $0.15 per share from $19.70 million or $0.14 per share in the prior-year quarter. Total gross revenue grew to $289.10 million from $265.46 million in the prior-year quarter. Analysts expected the company to earn $0.10 per share on revenue estimate of $277.65 million for the quarter.

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Rackspace Hosting, Inc. (NYSE:RAX) stock soared 11.70% to $55.07 after the company posted second quarter net income of $25.13 million or $0.18 per share, up from $17.56 million or $0.13 per share in the prior-year quarter. Net revenue for the quarter increased 29% to $318.99 million from $247.23 million in the same quarter last year. Analysts expected the company to report earnings of $0.18 per share on revenue of $317.81 million.

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STEC, Inc. (NASDAQ:STEC) posted second-quarter revenue of $40.7 million. Second-quarter loss came in at $49.6 million, or $1.07 per share, as compared with $0.19 per share profit in the comparable quarter last year. Adjusted per share loss was $0.27, as compared with the $0.26 per share loss expected by analysts.

Looking forward, the company expects third quarter of 2012 revenue to range from $40 million to $42 million and non-GAAP diluted loss per share to range from $0.27 to $0.31.

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VIVUS, Inc. (NASDAQ:VVUS) stock fell 1.86% to $22.75 after the company reported a second quarter net loss of $24 million or $0.24 per share, from $16.2 million or $0.20 per share in the same period last year. Analysts expected the company to report a loss of $0.23 per share for the quarter. The company also said it plans to begin marketing Qsymia in the United States from the fourth quarter.