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
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