After closing more than 11 percent higher on strong financial results, TIBCO Software Inc. (NASDAQ:TIBX) shares continued to gain in late trading. Net income for the second-quarter came in at $26.6 million (16 cents per share), compared to $21 million (12 cents per share) a year earlier. “We delivered another quarter of continued growth, with total revenue and license revenue up by 20 percent and 17 percent respectively, after adjusting for currency movements,” said Vivek Ranadiv, TIBCO’s chairman and CEO.
Research In Motion (NASDAQ:RIMM) shares crashed 19 percent on Friday and continued to edge lower in extended trading. After the closing bell on Thursday, the BlackBerry maker reported horrendous financial results. Revenue plunged 43 percent to $2.81 billion. For the first-quarter, the company posted an adjusted loss of $192 million (37 cents per share), down sharply from a net gain of $695 million ($1.33 per share) a year earlier. It was a miss on the top and bottom line, as analysts had expected a quarterly loss of only 3 cents per share on $3.10 billion in revenue. Read More.
Despite a strong rally across the board, Nike Inc. (NYSE:NKE) shares dropped 9.4 percent during regular trading. The company said fourth-quarter net income declined 7.6 percent to $549 million ($1.17 per share), compared to $594 million ($1.23 per share) a year earlier. Nike fell short of the mean analyst estimate of $1.37 per share. Shares gained 0.16 percent late Friday.
Apple Inc. (NASDAQ:AAPL) shares celebrated the iPhone’s fifth anniversary by jumping 2.63 percent today. Co-founder Steve Jobs unveiled the smartphone at the Macworld 2007 convention in San Francisco. By June 29, 2007, it was available in the United States. It has been an amazing run so far for the iPhone, generating an estimated $150 billion in cumulative sales worldwide.
Facebook (NASDAQ:FB) shares also skipped Friday’s strong rally and declined nearly 1 percent. Wednesday marked the end of the “quiet period,” or 40 calendar days following the IPO, during which analysts from the several investment firms that were involved with the underwriting process were prohibited from publishing recommendations. It was widely expected that the analyst coverage would be bullish for Facebook. Instead, the coverage was lackluster at best and the stock has yet to regain the momentum it has seen in recent weeks.
Investor Insight: How BAD is the Analyst Coverage on Facebook?