US Markets continued their upward march on strong corporate earnings despite emerging market inflation fears and rate hikes. Here are today’s after hours most active:
1) The Walt Disney Company (NYSE:DIS): Shares of the diversified worldwide entertainment company are up $1.42 or 3.45% after reporting fiscal Q1 earnings that rose 54%. The report beat analyst expectations on stronger than expected top and bottom lines.
2) Atmel Corp. (NASDAQ:ATML): Shares of the semiconductor manufacturer are up $0.71 or 4.84% after reporting profitable Q4 earnings, including heavy write-downs. Revenue and margins exploded during the quarter.
3) Amtech Systems Inc. (NASDAQ:ASYS): Shares of the supplier of horizontal diffusion furnace systems used in solar cells and semiconductors $1.47 or 5.08% after reporting stellar fiscal Q1 earnings that surged. The company’s orders set new records and revenue jumped.
4) 3M Company (NYSE:MMM): Shares of the globally diversified tech company are up $1.38 or 1.54% after reporting a plan to establish a $7 billion stock buyback. The firm looks to improve shareholder confidence and establish value.
5) Wells Fargo & Company (NYSE:WFC): Shares of the financial services company are down $0.77 or 2.26% after announcing the retirement of their CFO, Howard I. Atkins, on personal reasons. The current Chief Administrative Officer, Timothy J. Sloan, will replace the retiring CFO.
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