After Hours Stock Movers on January 18th
Big news out of Apple yesterday that their CEO, Steve Jobs, is on sick leave for an indefinite amount of time. Investors awaited their fate today as Steve Jobs & earnings news were played out.
1) Apple Inc. (NASDAQ:AAPL): Shares are up $4.73, or 1.39%, to $340.65 after reporting fiscal first quarter earnings of 78%. The huge increase came on record iPhone, Mac, and iPad sales. Don’t Miss: Why Apple is Up After Hours. & An Overview and Breakdown of Apple Earnings.
2) CREE Inc. (NASDAQ:CREE): Shares are trading down $9.59, or 15.29%, on a disappointing earnings report as Asian demand declined.
3) International Business Machines Corp. (NYSE:IBM): Shares are up 2.82% after-hours to $154.90 per share after Q4 profit surged 9.2%, beating expectations on improved margins and increased revenue across all businesses.
3) Western Digital Corp. (NYSE:WDC): Shares are up $0.71 or 2.09% after earnings dropped 47% but beat dismal predictions.
Don’t Miss: Here’s Why Apple Shares are Up After Earnings >>
Start Off 2011 by Improving Your Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>