Apple (NASDAQ:AAPL): The tech leader reported its fiscal third quarter earnings this afternoon, stunning markets with numbers that topped even the most optimistic analyst forecasts. The company reported FQ3 EPS of $7.79, beating analysts projections by $1.99. Revenues also surged to $28.57B vs. expected $24.92B. Net income for the personal computer company rose to $7.31 billion ($7.79 per share) vs. $3.25 billion ($3.51 per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. “We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. The stock has surged up 6.03% after hours, pushing above the $400 price level.
Yahoo (NASDAQ:YHOO): The search engine and web servicer reported its second quarter earnings this afternoon, “net income rose to $237 million, or 18 cents a share, from $213 million or 15 cents a share in the same period last year. Net revenue for the period ended June 30 fell to $1.1 billion. Second-quarter net revenue for online display advertising rose 5% to $467 million. Search advertising net revenue, meanwhile, fell 15% to $438 million, Yahoo said.” YHOO fell in line with the mean analyst estimate of 18 cents per share. It beat the average revenue estimate of $1.11 billion. For the quarter, earnings per share was up by 18% year over year. We made clear progress in search, and saw strong growth in engagement on our media properties,” said Carol Bartz, CEO of Yahoo!. YHOO stock is down -1.99% in after hours trades.
VMware Inc. (NYSE:VMW): The company quietly followed Apple’s (NASDAQ:AAPL) lead this afternoon, reporting strong second quarter earnings that have sent the stock flying up 7.10% in after hours trades. Net income for the technical and system software company rose to $220 million (51 cents per share) vs. $74.5 million (18 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenues also rose 36.7% to $921 million from the year earlier quarter. VMW beat the mean analyst estimate of 31 cents per share. It beat the average revenue estimate of $873 million.“VMware’s second quarter results were driven by strength across geographies and record enterprise license agreement bookings as a percentage of total bookings,” said Mark Peek, chief financial officer. Keep an eye on these stocks to trade in sympathy: Citrix Systems, Inc. (NASDAQ:CTXS), Intl. Business Machines Corp. (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT), EMC Corporation (NYSE:EMC), Symantec Corporation (NASDAQ:SYMC), and Oracle Corporation (NASDAQ:ORCL).