Apple Stumbles, Deckers Gets Slaughtered, Arch Coal Surges: Stock Buzzers
Deckers Outdoor (NASDAQ:DECK) is getting slaughtered in the pre-market, dropping over 19 percent, despite earnings per share of $1.18 that beat estimates by $0.13. The bad news is that revenue dropped 9 percent year over year, and the outlook for the future looks bleak.
After a mixed earnings release on Thursday, Apple (NASDAQ:AAPL) is down over 2.5 percent in early afternoon trading, after posting modest gains in the pre-market. The company pulled in earnings per share of $8.67, missing Wall Street expectations of $8.84, but beating on revenue growth.
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Amazon (NASDAQ:AMZN) surprised investors by posting its first quarterly net loss since 2003. Third quarter 2012 earnings came in at -$0.60, compared to $0.14 per share in the quarter last year. Shares are up over 3 percent in early afternoon trading.
After gaining as much as 3.5 percent in the pre-market, shares of Pandora (NYSE:P) are back down over 1.5 percent, after crashing over 14 percent Thursday and halting as reports surfaced that Apple plans to launch its own Internet radio service. However, Pandora will live on for a little while, as Apple radio is not expected until 2013.
Shares of Ericsson (NASDAQ:ERIC) are down nearly 5 percent in early afternoon trading after a third quarter earnings release that showed that net profit declined 43 percent. The company’s earnings release suggests that despite sales slowing, long-term prospects look good. After all, the more smartphones, the higher the demand for quality networking gear.
Arch Coal (NYSE:ACI) is up as much as 10.1 percent after releasing third quarter 2012 earnings that came in at $0.20 per share, beating estimates by a whopping $0.36. Revenue did decline by 9.2 percent year over year to $1.09, but still beat estimates by $80 million. Coal shipments are up 19 percent from the last quarter, but down 6 percent from a year ago.’
Comcast (NASDAQ:CMCSA) is up over 2 percent in the early afternoon after releasing third quarter 2012 earnings that came in at $0.46 per share, matching expectations. Revenue grew 17.4 percent year over year to $14.3 billion, but missed expectations by $1.7 billion.
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