Xerox and 2 Tech Stocks Shaking Up Investors After Earnings

SanDisk Corp. (NASDAQ:SNDK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -24.07% to $213.54 million (87 cents per diluted share) in the quarter versus a net gain of $281.22 million in the year-earlier quarter. Revenue decreased 2.34% to $1.54 billion from the year-earlier quarter.

SanDisk Corp. reported adjusted net income of $1.05 cents per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $1.53 billion.

SNDK

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

F5 Networks, Inc. (NASDAQ:FFIV) generated a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased to $90.6 million (1.14 cents per diluted share) in the quarter versus a net gain of $66.49 million in the year-earlier quarter. Revenue rose 13.36% to $365.5 million from the year-earlier quarter.

F5 Networks, Inc. reported adjusted net income of 1.14 cents per share. By that measure, the company missed the mean analyst estimate of $1.15. It missed the average revenue estimate of $366.74 million.

FFIV

Xerox Corp. (NYSE:XRX) delivered a profit and beat Wall Street’s expectations, BUT beat the revenue expectation. Net income decreased -10.67% to $335 million (26 cents per diluted share) in the quarter versus a net gain of $375 million in the year-earlier quarter. Revenue decreased 0.74% to $5.92 billion from the year-earlier quarter.

Xerox Corp. reported adjusted net income of 30 cents per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $5.88 billion.

XRX

Don’t Miss: Can Microsoft Make the Surface More Competitive?