Sun's nada quarter didn't exactly rumble this thread like in the good old days, eh guys?
--QS
AFTER HOURS
Amazon.com results exceed view; Sun shares fall
By Carla Mozee, MarketWatch
Last Update: 9:25 PM ET Apr 24, 2007
SAN FRANCISCO (MarketWatch) -- Shares of Amazon.com Inc. leaped 12% Tuesday evening after the world's largest Internet retailer unveiled better-than-expected quarterly results, while Sun Microsystems Inc. shares dropped after the company's sales fell short of the consensus estimate. The Nasdaq-100 After Hours Indicator, which tracks evening trading of the index's leading technology stocks, rose 2.8 points to end at 1,861.63. Amazon and Sun Micro emerged as the two top most active stocks of the late session, according to data from Nasdaq.
Amazon (AMZN) shares climbed $5.29 each to $50.05 after the company said that its first-quarter profit more than doubled and sales jumped 28%. Amazon's net earnings were $111 million, or 26 cents a share, compared with $51 million, or 12 cents a share, a year ago. Sales rose 28% to $3 billion. Wall Street was expecting earnings of 15 cents a share on sales of $2.92 billion. See full story.
Sun Microsystems (SUNW) shares fell 6.1% to $5.58. The computer-server and software producer posted fiscal third-quarter sales of $3.28 billion, below the $3.42 billion expected by analysts surveyed by Thomson Financial. Sun said its net income was $67 million, or 2 cents a share. Last year, Sun reported a loss of $217 million, or 6 cents a share. Gross margin expanded slightly to 44.5% of sales during the period. See full story... |
