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Major After-Hours Earnings Movers On Earnings & Developments (AAPL, CMG, CTAS, CRUS, CSX, FTNT, GOV, ISRG, RVBD, VMW, EMC, YHOO)

We are tracking many movers in the after-hours session, mostly on earnings reports.  The movers and shakers are Apple Inc. (NASDAQ: AAPL), Chipotle Mexican Grill, Inc. (NYSE: CMG), Cintas Corporation (NASDAQ: CTAS), Cirrus Logic Inc. (NASDAQ: CRUS), CSX Corporation (NYSE: CSX), Fortinet Inc. (NASDAQ: FTNT), Government Properties Income Trust (NYSE: GOV), Intuitive Surgical, Inc. (NASDAQ: ISRG), Riverbed Technology, Inc. (NASDAQ: RVBD), VMware, Inc. (NYSE: VMW), EMC Corporation (NYSE: EMC), and Yahoo! Inc. (NASDAQ: YHOO).

We have covered brief moves on the news and then added in the moves with color.

Apple Inc. (NASDAQ: AAPL) just blew out earnings so much that it is not even worth noting how great the quarter was.  Massive, and with some $76 billion in cash.  Shares were up 0.8% at $376.85 and the stock is now at an all-time again in after-hours on a 5.9% gain of $22+ at $398.10.

Chipotle Mexican Grill, Inc. (NYSE: CMG) has risen and risen, but we are seeing give-backs with a bit of Montezuma’s Revenge tonight… Shares are down 4.7% at $318.00 in the after-hours on what appears to be soft earnings.

Cintas Corporation (NASDAQ: CTAS) beat earnings and gave guidance that meets or beats estimates.  Shares closed up 1.4% at $30.86 but the stock is up more than 7% at $33.08 in the after-hours.

Cirrus Logic Inc. (NASDAQ: CRUS) is rising on Apple and it was up 5.8% to $17.14 in normal trading and up another 5% at $18.03 in the after-hours.

CSX Corporation (NYSE: CSX) is up 1.6% at $25.90 in the after-hours after just beating estimates and backing prior guidance.

Fortinet Inc. (NASDAQ: FTNT) grew revenues 35%, grew billings 22% and grew earnings 88%, but shares are getting smacked.  After almost a 1% gain today shares are down 21% at $21.25 in the after-hours session.  Ouch.

Government Properties Income Trust (NYSE: GOV) did not report earnings but it said it was selling 5 million shares of common stock in the REIT after the close to reduce amounts outstanding under its revolving credit facility and for general business purposes.  Shares are down over 3% at $25.56 in the after-hours session.

Intuitive Surgical, Inc. (NASDAQ: ISRG) is selling more DaVinci robotic systems.  It was up 3.5% at $374.90 before earnings.  Revenue was up 21% to $426 million and earnings were $2.91 EPS, sending shares up another 6% or $23+ to $397.80 in the after-hours.

Riverbed Technology, Inc. (NASDAQ: RVBD) should change its name on Wednesday to River-Dead… Shares closed up 6.7% at $41.40 but the after hours session has shares down a massive 25% at $30.90 after missing revenue estimates and after announcing two acquisitions.  The company saw softness in the EMEA region.  It has also traded more than 3 million shares since the closing bell.  This marks a severe blow when you consider how much it has gained.

VMware, Inc. (NYSE: VMW) rose 5.2% to $106.02, a new year high today.  Shares are up more than 6.5% more at $112.90 after beating earnings and revenues and giving solid guidance.  Earnings almost tripled.  This news also has majority owner and former parent EMC Corporation (NYSE: EMC) up 2% at $27.95 after the close.

Yahoo! Inc. (NASDAQ: YHOO) closed up 1.2% at $14.59 but shares are soft after a revenue miss and on light guidance.  The good news is that Carol Bartz continues to trim costs.  The bad news is that costs are not translating to higher revenues.  The stock is down 1.65% at $14.35 after the close on more than 1.4 million shares since the 4PM bell.

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JON C. OGG

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