5 Late Radar Movers: Disney Pops 2%, NVIDIA Jumps 4%, and E-Trade Falls 3.5%
Shares of Disney (NYSE:DIS) are jumping more than 2% after the closing bell. The entertainment company announced a 30% surge in profits. Disney earned $1.09 billion (58 cents per share), on sales of $10.4 billion. Sony (NYSE:SNE) has also agreed to buy out Disney’s part of the Spider-Man films. Dig Deeper: The Walt Disney Company Earnings Cheat Sheet: Rising Revenue Helps Margins Expand, Profit Rises.
NVIDIA (NASDAQ:NVDA) shares are up more than 4% after announcing third quarter results. Net income for the semiconductor company rose to $178.3 million (29 cents per share), compared to $84.9 million (15 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Shares of Intel (NASDAQ:INTC) are edging .40% higher.
Investing Insights: NVIDIA Corp Earnings Cheat Sheet: Margins Keep Growing, Net Income Climbs.
Despite a boost in third quarter profits, shares of Nordstrom (NYSE:JWN) are down more than 2% in late trading. Net income for Nordstrom Inc. rose to $127 million (59 cents per share), compared to $119 million (53 cents per share) in the same quarter a year earlier. This marks a rise of 6.7% from the year earlier quarter. Competitors in the earnings storm include: Macy’s (NYSE:M), JC Penny (NYSE:JCP), and Kohl’s (NYSE:KSS).
Shares of rare earth producer, Molycorp (NYSE:MCP) are getting whacked 9% in extended trading after missing estimates by 3 cents. The company reported a profit of $48.4 million (52 cents per diluted share) in the third quarter. Molycorp Inc. had a net loss of $10.1 million or a loss 14 cents per share in the year earlier quarter.
E-Trade Financial (NASDAQ:ETFC) is down 3.5% after deciding not to sell itself. The company’s Board of Directors unanimously decided that “the continued execution of the company’s business plan is currently the best alternative for increasing stockholder value,” the online broker explained. Shares of Charles Schwab (NYSE:SCHW) are unchanged in late trading.