Shares of Hewlett-Packard (NYSE:HPQ) are edging slightly higher in late trading after the company announced it has decided to keep its personal computer business after-all. Many investors are wondering why the company did not analyze the decision sooner. Shares of Dell (NASDAQ:DELL) and Apple (NASDAQ:AAPL) are also trading slightly higher.
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Advanced Micro Devices (NYSE:AMD) is trading more than 5% higher after the closing bell. The company reported a third quarter profit of $97 million (13 cents per share), compared to a loss of $118 million (17 cents per share) last year.
Motorola Mobility (NYSE:MMI) is falling in extended trading. After the close, the company reported a net loss of $32 million (11 cents per share), compared to a net loss of $34 million (12 cents per share) last year. The company is currently in the process of being bought by Google (NASDAQ:GOOG).
Video game publisher Electronic Arts (NASDAQ:ERTS) is trading down after reporting a loss. The company’s loss widened to $340 million ($1.03 per share), compared to $201 million (61 cents per share) last year. “We are pleased with our results with digital growing at 30% year-over-year,” said Eric Brown, Chief Financial Officer. “We are raising our fiscal 2012 non-GAAP revenue guidance, our digital revenue guidance, and the midpoint of our EPS guidance.” Earlier in the day, Nintendo (NTDOY) announced it was expecting its first full-year loss in 30 years.
Baidu, Inc. (NASDAQ:BIDU) is up 7% after reporting earnings results above Wall Street expectations. Net income for Baidu, Inc. rose to $295 million (84 cents per share), a rise of 80% from the year earlier quarter. Revenue rose 85% to $654.7 million from the year earlier quarter.
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