Apple Tries to Stop Ban, Smartphone Demand Boosts Qualcomm, and 3 More Hot Stocks

Apple (NASDAQ:AAPL) posted decent quarterly earnings that helped it rebound a little over the past few days. Revenue of $35.3 billion and net profit of $6.9 billion gave the company second-quarter earnings per share of about $7.50, down from a $9.32 per diluted share one year ago. This was at least somewhat attributable to a declining margin that dropped from 42.8 percent to 36.9 percent over the last year.


Qualcomm (NASDAQ:QCOM) saw a nice 4.5 percent boost in after-hours trading yesterday after reporting big gains in its quarterly earnings. Net income for the quarter was $1.58 billion, up from $1.2 billion one year ago, working out to 90 cents per share and 69 cents per share, respectively. Revenue grew 35 percent to $6.24 billion, and revenue from technology licensing alone was up 17 percent to $1.87 billion. Qualcomm projected revenue between $5.9 billion and $6.6 billion for the fourth quarter. Growth was driven by smartphone demand, as chip shipments were 22 percent year over year.


Hershey (NYSE:HSY), America’s classic chocolate brand, posted solid earnings that have the sweets maker trading within $1 of its 52-week high. Net sales were up by 6.7 percent from the same period last year, from $1.41 billion to $1.51 billion, accompanied by a strong growth in sales over the entire first half of the year, up to $3.34 billion from $3.15 billion during the first six months of last year. For 2013, the company is predicting earnings per diluted share to reach somewhere between $3.60 and $3.65. Hershey’s market share ticked up by 1.4 percentage points during the second quarter.


Harley-Davidson (NYSE:HOG) had a solid earnings report and has been the beneficiary of increased demand for motorcycles across the United States. Net income of $271.7 million was substantially higher that last year’s $247.3 million, and diluted earnings per share were $1.21 compared to $1.07 last year. For the first six months of the year, that net income exceeded $495 million, up from $419.3 million last year.


Oracle (NASDAQ:ORCL) has given a boost to those in the supply-chain space, opening a command center for companies using Oracle systems to manage their operations. The command center will allow customers to process a wide array of hypothetical business scenarios using “in memory” computing to create and test different situations. The command center will take advantage of Oracle’s engineered systems to manage large amounts of data from client companies.


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