5 Stocks Burning Up After-Hours Trading: EBay Beats the Street, F5 Reports Billion-Dollar Stockpile
American Express Company (NYSE:AXP) shares fell more than 1 percent in after-hours trading today, despite the company reporting better-than-expected results for the first fiscal quarter after closing bell. AXP booked net income of $1.3 billion, up from $1.2 billion a year ago, and EPS of $1.07, up 10 percent from 2011 and better than Wall Street’s consensus call for $1.00 flat. Revenue was up 8 percent at $7.6 billion, in line with estimates, reflecting “strong cardmember spending and higher net interest income driven by moderate growth in the loan portfolio,” according to the company.
EBay Inc. (NASDAQ:EBAY) shares climbed more than 4.5 percent after the online retailer reported first-quarter earnings that beat the Street this afternoon. EBay delivered first-quarter earnings, excluding items, of 55 cents per share, up from 47 cents a share in the year-earlier period. Revenue was $3.28 billion, up 29 percent from $2.55 billion a year ago. Analysts had expected EPS of 52 cents per share on revenue of $3.15 billion, according to Thomson Reuters.
Qualcomm Inc. (NASDAQ:QCOM) shares tumbled 4 percent despite an earnings beat after the company issued a negative outlook for its fiscal third quarter. The chip maker forecast adjusted per-share earnings of 83 to 89 cents on revenue of $4.45 billion to $4.85 billion. Analysts polled by FactSet had projected earnings of 90 cents a share on $4.81 billion in sales. Qualcomm’s second-quarter results came in above expectations, with adjusted earnings up 21 percent to $1.01 a share and sales up $28 percent to $4.95 billion. Analysts were expecting earnings of 95 cents a share on revenue of $4.8 billion. Net earnings were $2.23 billion, or $1.28 cents a share, compared to $999 million, or 59 cents, in the year-ago period.
Yum! Brands (NYSE:YUM) shares fell 0.88 percent in after-hours trading despite reporting a 73.5 percent increase in net income for the first quarter. Net income was $458 million, or 96 cents per share, in the January-March quarter, compared to $264 million, or 54 cents per share, in the same quarter a year earlier. Revenue also rose 13.1 percent from the year earlier to $2.74 billion. Analysts were expecting revenue of $2.7 billion and gave an average estimate of 73 cents per share. Success in the first quarter, particularly with its expansion in China, prompted the company to raise its full-year EPS forecast to growth of at least 12 percent, excluding special items.
F5 Networks Inc. (NASDAQ:FFIV) shares climbed 2.65 percent after the technology company posted better-than-expected results for its fiscal second quarter. Revenue of $339.6 million was up 5.3 percent from the previous quarter and 22.4 percent from the year-ago period. Wall Street analysts had projected revenue of $335.3 million. Non-GAAP profits of $1.09 per share topped the Street’s estimates of $1.7. For the current quarter, F5 said it foresees revenue of $350 million to $355 million, with non-GAAP profits of $1.12 to $1.14 per share. The previous Street consensus was for $353.1 million and $1.14 per share. F5 ended the quarter with $1.03 billion in cash after buying back 404,106 shares in the March quarter.