Apple Inc.(NASDAQ:AAPL) shares turned higher in afterhours session after plunging below $600 mark and 200-Day moving average in after hours as the company reported lower than estimated fourth quarter earnings and projects well below analysts’ estimate for the first quarter.The company generated revenue of $35.97 beating analysts’ target of $35.80 billion.
The company earned $8.67 a share, missing analysts’ target of 8cents. The company sold 26.90 million iPhones in Q4, sold 4.9 million Macs, 5.3 million iPods. There were issued with supply shortage of iPhone.
The company projects to earn $11.75 a share, well below analysts’ target of $15.75 and revenue projects to come in at $52 billion, missing analysts’ estimate of $55 billion.
Apple declared quarterly dividend of $2.65 a share.
Cerner Corporation(NASDAQ:CERN) shares popped up by 8.50% in extended trading on Thursday as the company has posted higher third quarter net income and revenue, topping analysts’ target.The company earned $98.9 million or 56 cents a share, up from a year ago profit of $78.8 million or 45 cents a share. On an adjusted basis, the company earned 60 cents a share, ahead of analysts’ target by a penny. Revenue also grew 18% year over year to $676.5 million, topping analysts’ estimate by $24 million.
For the fourth quarter, the company projects to generate revenue of $670 million and $700 million and adjusted EPS of 62-64 cents a share. New business bookings are expected between $925 million and $975 million. For the full year, the company projects to earn $2.34 and $2.36 on revenue of $2.63 billion and $2.66 billion.
Amazon.com, Inc.(NASDAQ:AMZN) shares quickly turned higher after slumping 9.50% in after hours as the online retailer posted wider than estimated third quarter loss and revenues lagged Wall Street’s estimate. Moreover, the company projected below target revenue for the fourth quarter. The company posted net loss of 23 cents a share on an adjust basis, well below analysts’ target of a loss of 8 cents a share.
Revenue came in at $13.81 billion, missing analysts’ estimate of $13.92 billion. The company has revenue of $10.88 in a year ago quarter. The company projects to generate revenue of $20.25 billion-$22.75 bln in the fourth quarter, again missing analysts’ target of $22.85 billion.
Shares of Coinstar, Inc.(NASDAQ:CSTR) plunged as much as 9% in extended trading after the company reported lower than estimated third quarter earnings on late Thursday.
The company earned $36.8 million or $1.14 per share in the third quarter, down from a year ago profit of $37.1 million, or $1.18 per share. Revenue came in at $537.6 million, up 15.50% year over year.
Analysts were estimating EPS of $1.16 a share on revenue of $561 million for the quarter.