4 Stocks Lighting Up Trading Screens After Hours
Microsoft (NASDAQ:MSFT): The stock is down -1.27% after hours following the release of the company’s fourth quarter earnings after the bell today. Microsoft’s fourth-quarter net income rose to $5.87 billion, or 69 cents a share, from $4.52 billion, or 51 cents a share in the same period last year. The Washington-based software company said revenue for the period ended June 30 rose 8% to $17.4 billion. Analysts had predicted earnings of 59 cents a share, and $17.2 billion in revenues, both of which MSFT topped. The poor market reaction comes from these numbers: Windows down 1%, online services reporting $728M loss, projected over $2.5 billion loss in the current fiscal year. Microsoft’s earnings will affect these top stocks tomorrow: Google Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).
Advanced Micro Devices (NYSE:AMD): The stock is up 3.08% after hours following an upbeat second quarter earnings report. AMD recorded earnings of 61 million, or 8 cents a share, compared with a loss of $43 million, or 6 cents a share in the year-earlier period. Revenue was $1.57 billion, down from $1.65 billion. Analysts had expected the chip-maker to report earnings of 8 cents a share on revenue of $1.58 billion. Weak expectations for semi-conductor stocks made the company’s on par earnings a pleasant surprise.
Western Digital Corp. (NYSE:WDC): The company also came in with second quarter results this afternoon, sending the stock up 0.60% in after hours trades. WDC recorded fiscal fourth quarter profit of $158 million, or 67 cents a share, on revenue of $2.4 billion, compared with earnings of $265 million, or $1.13 a share, on $2.38 billion in sales in the year-ago quarter. Excluding $35 million in expenses related to Western Digital’s acquisition of Hitachi Global Storage Technologies, Western Digital earned $193 million, or 81 cents a share. Analysts had expected Western Digital to earn 68 cents a share on $2.3 billion in revenue.
SanDisk Corp. (NASDAQ:SNDK): The flash memory product maker reported second quarter earnings that topped expectations this afternoon, sending the stock up 2.77% after hours. The company booked a net income of $248 million, or $1.02 a share, compared to net income of $258 million, or $1.08 a share, for the same period the previous year. Analysts were expecting earnings of 99 cents a share on revenue of $1.34 billion.