After-Hours Buzz: REGN, QCOM, ZNGA, AKAM & More
Check out which companies are making headlines after the bell Wednesday:
Qualcomm - The semiconductor company posted earnings of $1.17 a share, excluding one-time items, matching forecasts, while revenue edged past expectations at $6.12 billion versus estimates for $6.09 billion. Meanwhile, the company handed in current-quarter revenue that exceeded projections, while profit guidance was lighter-than-expected. Shares slumped in extended-hours trading.
(Read More: Dow Breaks 3-Day Rally; S&P, Nasdaq Flat)
Zynga - The social game services provider posted earnings of 1 cent a share on revenue of $230 million, topping expectations for a loss of 3 cents a share on sales of $210 million. For the second quarter, the company projected bookings of $180 million to $190 million, lower than current estimates for $232 million, and a loss of 3 cents to 4 cents a share against estimates for a penny loss. Shares plunged in extended-hours trading.
Regeneron - The S&P said biotechnology company Regeneron will replace MetroPCS, which is expected to merge with T-Mobile USA. The change will be made after close of trading on April 30. Regeneron shares gained in extended-hours trading.
Aflac - The insurance company posted earnings of $1.69 a share, on revenue of $6.21 billion. Analysts expected the company to post earnings of $1.62 a share on revenue of $6.11 billion. Still, shares slipped in extended-hours trading.
Akamai - The Internet content delivery network posted earnings of 51 cents a share, excluding one-time items, on revenue of $368 million. Analysts expected the company to post earnings of 46 cents a share on revenue of $358 million. In addition, the company handed in current-quarter guidance that outstripped expectations. Shares soared in extended-hours trading.
Western Digital - The computer hard disk drive maker posted earnings of $2.10 a share on revenue of $3.76 billion, exceeding Wall Street forecasts for $1.77 a share on revenue of $3.61 billion. In addition, the company provided current-quarter outlook that topped expectations. Shares gained in extended-hours trading.
F5 Networks - The networking appliances company posted earnings of $1.07 a share, excluding one-time items, matching estimates. Revenue of $350 million missed expectations for $352 million.
Lam Research - The semiconductor equipment company posted earnings of 44 cents a share on sales of $845 million, easily beating projections for 37 cents a share on revenue of $838 million. Shares advanced in extended-hours trading.
Varian Medical - The medical devices and software manufacturer reported earnings of $1.04 a share, on sales of $768 million topping estimates for $1.02 a share on revenue of $758 million. But the company provided a weaker-than-expected current-quarter earnings guidance, sending shares lower in extended-hours trading.
Citrix - The cloud computing and software company posted earnings of 62 cents a share, missing by a penny a share, while revenue was also slightly lighter than expected at $673 million versus estimates for $677 million. In addition, the company provided weaker-than-expected current quarter and full-year earnings outlook, sending shares lower in extended-hours trading.
Cliffs Natural - The iron ore mining company posted earnings of 60 cents a share, trumping forecasts for 34 cents a share, while revenue was slightly lighter than expected at $1.1 billion, versus estimates for $1.2 billion. Shares jumped in extended-hours trading.
Angie's List - The consumer review website posted a loss of 14 cents a share, narrower than the expected loss of 17 cents a share, while revenue matched estimates at $52 million. In addition, the company handed in current-quarter revenue guidance that exceeded forecasts, sending shares sharply higher in extended-hours trading.
Cheesecake Factory - The restaurant chain posted earnings of 47 cents a share on revenue of $463 million, easily beating expectations for 42 cents a share on revenue of $456 million. But the company handed in a weaker-than-expected current-quarter earnings guidance. Still, shares rallied in extended-hours trading.
Skechers - The footwear retailer said it expects to post revenue of between $440 million and $450 million, versus expectations for $433 million. In addition, the company said it has appointed BDO USA as its new outside auditor following the insider-trading scandal that had forced KPMG to resign as the firm's auditor. Shares were slightly lower in extended-hours trading.
Intuit - The tax preparation software company lowered its current-quarter and full-year guidance to below Wall street expectations. Shares slumped in extended-hours trading.
Chevron - The oil giant announced a 11 percent quarterly dividend increase to $1 a share.
Newmont Mining - The mining company slashed its quarterly dividend to 35 cents a share from 42.5 cents a share, as gold prices declined in the first quarter. Shares slipped in extended-hours trading.