6 Key After-Hours Earnings Movers (CREE, ISRG, JNPR, VMW, WYNN, YHOO)

Investing

Published: April 19, 2011 5:37 pm

Last Updated: April 27, 2020 3:04 pm

We are seeing many stocks on the move in the after-hours session. We decided to break these out into a group rather than individual reports over and over. The after-hours movers we are tracking on earnings are Cree, Inc. (NASDAQ: CREE), Intuitive Surgical, Inc. (NASDAQ: ISRG), Juniper Networks, Inc. (NYSE: JNPR), VMware, Inc. (NYSE: VMW), Wynn Resorts, Limited (NASDAQ: WYNN), and Yahoo! Inc. (NASDAQ: YHOO). The moves, news, and color are below:

Cree, Inc. (NASDAQ: CREE) closed down 0.6% at $40.81 but the stock is down another 6% at $38.2 on more than 1.1 million shares as its %$#t-show continues. Mark this as another 52-week low as the prior range was $40.25 to $82.85. Earnings were $0.27 EPS vs. $0.29 estimates; revenues fell 6% to $219.2M vs. $217.4M estimates; gross margins were soft, inventory was up massively and guidance was put at $0.25 to $0.31 EPS on $225M to $245M versus $0.36 EPS and $243.78M estimate estimates from Thomson Reuters. Adios!

Intuitive Surgical, Inc. (NASDAQ: ISRG) traded up 2.2% to $364.69 during the day and now shares are down 1.2% at $359.49 in the after-hours session on more than 100,000 shares. The surgical robotics player reported $2.59 EPS as revenue rose 18% to $388.1M versus estimates of $2.49 EPS and $381M consensus from Thomson Reuters. Its da Vinci surgical procedures were up about 30%.

Juniper Networks, Inc. (NYSE: JNPR) is up almost 3% at $39.65 on close to 1 million shares. Earnings were $0.32 EPS and revenues were up 20% at $1.1 billion, both were in-line and gross margin was 70.6%.

VMware, Inc. (NYSE: VMW) closed down 0.6% at $85.97, but this stock is within striking distance of its 52-week high of $97.61. Shares are up over 10% at $95.25 in the after-hours on more than 750,000 shares after the company noted cloud revenues may double. Its profit rose 60% and its non-GAAP earnings came in at $0.48 EPS versus $0.43 estimates. Revenue rose 33% to $843+ million; for the current quarter it gave guidance of $860 million to $880 million versus $845.5 million in estimates.

Wynn Resorts, Limited (NASDAQ: WYNN) closed down 1.1% at $138.93, but shares are up 3.1% at $143.25 on more than 300,000 shares in the after-hours. Wynn doubled its dividend and earnings were $1.38 EPS against $0.73 estimates. Revenues rose 38% to $1.26 billion versus $1.15 billion consensus.

Yahoo! Inc. (NASDAQ: YHOO) closed down 1.4% at $16.12 and shares are up 2.5% at $16.56 on over 2 million shares. Yahoo! earned $0.17 EPS revenue was down 24% to $1.21 billion or $1.06 billion on an ex-TAC basis.

These are the moves seen so far. Often the moves reverse in the conference call, but some moves continue as well. Stay tuned for tomorrow.

JON C. OGG

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.