| After Hours Movers | NOTABLE REPORTERS: Apple (AAPL) reported top and bottom line results that soundly beat expectations, and shares of the iPhone maker gained more than 7.5%. Apple also announced several capital actions, including a $30B increase in its share repurchase authorization, an 8% increase in its quarterly dividend to $3.29 per share, and a 7-for-1 stock split that will take effect in June. Apple's quarterly iPhone sales totaled 43.7M, topping estimates, while iPad sales disappointed...
Social media giant Facebook (FB) gained 4% after reporting earnings that beat on the top and bottom line. Facebook announced that its mobile daily active users totaled 609M at the end of Q1, and the company's revenue from advertising grew 82% to $2.27B, with 59% of its ad revenue coming from mobile. Facebook's CFO David Ebersman also announced that he will be stepping down in June and transitioning out of the company by September. Shares of Facebook's social media peer Twitter (TWTR), which is set to report earnings next week, gained 1.4% in after hours trade...
Chipmaker Qualcomm (QCOM) fell 4.4% after reporting profits that beat expectations on revenues that missed estimates. Qualcomm also disclosed receipt of a "Wells Notice" from the Securities and Exchange Commission that the SEC has made a preliminary determination recommending the filing of enforcement action against the company related to anti-bribery violations.
UP AFTER EARNINGS: Zynga (ZNGA), up 5.4%. Zynga also announced that founder Mark Pincus will move on from his role as Chief Product Officer but continue to serve as chairman of the company's board... Angie's List (ANGI), up 8%... Fortinet (FTNT), up 6%... Texas Instruments (TXN), up 3.3%... TriQuint (TQNT), up 7%. RF Micro Devices (RFMD), which in February agreed to merge with TriQuint, also gained 4.4% in after hours trade.
DOWN AFTER EARNINGS: Ingram Micro (IM), down 3.3%... Fusion-io (FIO), down 5%... Xilinx (XLNX), down 5%. |
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