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'Fast Money' traders grade latest earnings

The "Fast Money" traders delivered their 'final grades' to some of the big companies which reported earnings Wednesday.

Pete Najarian awarded Cirrus Logic an 'A.'

Brian Kelly gave Qualcomm an 'F.'

Karen Finerman handed out a 'B' to United Rentals.

Guy Adami said Las Vegas Sands deserved a 'B+.'

Trader disclosure: On July 22, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AMAT, AAPL, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAPL, ABX, AGNC, AMKR, AXP, BAC, C, CRM, CY, DAL, DVN, ETFC, LC, LM, LULU, LVS, MU, OC, PNR, RF, UAL, USB, VZ, WYNN, XLF, ZIOP, he is long puts OAS, RIG. Today he bought AXP calls, DVN calls, LM calls, and WYNN calls. Brian Kelly is long BBRY, BTC=; ITB, TAN, TLT, TSL; he is short Yuan and Yen. Karen Finerman is long BABA, BAC, C, FINL, FL, GILD, GOOG, GOOGL, JPM, KORS, M, URI, BABA puts, URI calls, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, FBT, FINL, FL, GILD, GOOG, GOOGL, GPS, IBB, JPM, KORS, M, OSX, SUNE, URI, XBI, KORS call spreads, URI calls, KORS puts, her firm is short IWM, SPY, MDY, Karen Finerman is on the board of GrafTech International. Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.