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.
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