Options Wonderland

[3xBuBu]

EARNINGSWATCH 12/07/24
AAPL NFLX GNTX BRCM JNPR BWLD DV BIDU UPS TXN
.
http://stockcharts.com/freecharts/candleglance.html?AAPL,NFLX,GNTX,BRCM,JNPR,BWLD,DV,BIDU,UPS,TXN
.

Apple: iPhone impacted by 'rumors and speculation'(5:30 pm ET)
SAN FRANCISCO (MarketWatch) -- Apple Inc. admitted Tuesday afternoon that sales of the iPhone "continue to be impacted by rumors and speculation of new products." The statement was made by Apple (AAPL: news, chart, profile) CFO Peter Oppenheimer in the company's earnings call to discuss its third fiscal quarter results. Those results showed a 26% decline in iPhone shipments from the March quarter, a sharper drop than analysts had predicted. Some consumers are believed to be holding off on purchases on the device ahead of the expected launch of the iPhone 5 this fall. Apple has never confirmed any plans or timing for a new iPhone device, though Oppenheimer said elsewhere on the call that a "fall transition" was also a big factor in the company's lower gross-margin forecast for the September period. Apple shares were down 4.9% in after-hours trading on Tuesday during the call.

Netflix results top forecasts; outlook disappoints(4:15 pm ET)
SAN FRANCISCO (MarketWatch) -- Netflix Inc. (NFLX: news, chart, profile) on Tuesday reported a fiscal second-quarter profit of $6 million, or 11 cents a share, on revenue of $889 million. During the same period a year ago, Netflix earned $1.26 a share, on sales of $788.6 million. Analysts surveyed by FactSet Research had forecast Netflix to earn 4 cents a share on $889.6 million in revenue for the quarter. The company said it added 1.1 million net subscribers to its video-streaming service, giving it 27.6 million subscribers worldwide. Netflix's shares fell as much as 13% in after-hours trading as the company said it expects to remain profitable in the third quarter, but forecast a fourth-quarter loss as it expands into a new international market.

Gentex plunges 30% on earnings report(3:18 pm ET)
BOSTON (MarketWatch) -- Shares of Gentex Corp. (GNTX: news, chart, profile) plunged 30% to $14.98 on Tuesday after the auto-parts maker issued a disappointing earnings report and financial forecast. The stock hit a 52-week low of $14.38 earlier in the day, and is down 50% from the beginning of the year.


Broadcom shares up on stronger sales (5:23 pm ET)
SAN FRANCISCO (MarketWatch) -- Broadcom Corp. (BRCM: news, chart, profile) reported late Tuesday second-quarter profit fell to $160 million, or 28 cents a share from $175 million, or 31 cents a share, a year ago. Adjusted to exclude one-time items, the semiconductor company earned 72 cents a share. Revenue for the three months ended June 30 climbed 9.7% to $1.97 billion compared with $1.8 billion. Analysts, who typically cite adjusted earnings, were looking for a profit of 67 cents a share, according to FactSet polling. Broadcom shares rose over 2% in after-hours trades to $31.50. Ahead of the report, the stock was down 13% over the past 12 months.

Juniper Networks profit drops 50%(5:17 pm ET)
SAN FRANCISCO (MarketWatch) -- Juniper Networks (JNPR: news, chart, profile) said late Tuesday second-quarter profit fell 50% to $58 million, or 11 cents a share, from $116 million, or 22 cents a share, in the same 2011 period. Excluding charges, Juniper said it earned 19 cents a share. Analysts had forecast 16 cents, according to FactSet. Revenue for the quarter ended June 30 fell 4% to $1 billion from the year-ago period. For the third quarter, Juniper projected earnings between 15 cents and 18 cents a share and revenue of up to $1.075 billion. Analysts polled by FactSet were looking for 21 cents a share and revenue of $1.1 billion. Juniper shares rose 8% to $15.96 in after-hours trade.

Buffalo Wild Wings Q2 earnings miss expectations (4:58 pm ET)
SAN FRANCISCO (MarketWatch) -- Buffalo Wild Wings (BWLD: news, chart, profile) shares slid 14% to $67.75 in after-hours trade Tuesday after the restaurant chain missed Wall Street expectations for the second quarter and indicated its 2012 profit may fall short of its prior target. For the quarter ended June 24, Buffalo Wild Wings posted a profit of $11.7 million, or 62 cents a share, up from $10.7 million, or 58 cents a share, in the same 2011 period. Revenue rose 29.7% to $238.7 million. Analysts polled by FactSet had estimated a profit of 68 cents a share and revenue of $240.3 million. Buffalo Wild Wings said same-store sales grew 5.3% at company-owned restaurants. Analysts had forecast an increase of 6.1%. For 2012, the Minnesota-based company said earnings would increase 15% to 20% over 2011. Its prior forecast had called for 20% growth.

DeVry shares fall 27% on weaker outlook (10:57 am ET)
SAN FRANCISCO (MarketWatch) -- DeVry Inc. (DV: news, chart, profile) saw its share price drop over 27% in early trade Tuesday making the stock the biggest decliner on the S&P 500 (SPX: news, chart, profile) . The educational service provider warned after Monday's closing bell its fiscal fourth quarter results would fall short. The Downers Grove, Ill.-based company cited increased operating costs, rising one-time charges and a revenue shortfall for its downward revision. To cut costs and meet fiscal 2013 financial goals, DeVry said it would eliminate 570 positions across its institutions primarily at DeVry University and Carrington Colleges Group. DeVry is currently trading at $20 a share, down 48% since January and down 70% over the past 12 months.

Baidu shares jump on strong results(10:28 am ET)
SAN FRANCISCO (MarketWatch) -- Baidu Inc. (BIDU: news, chart, profile) saw its U.S.-listed shares jump more than 10% to $118.17 on Tuesday morning after the Chinese Internet search firm posted a 70% surge in second-quarter earnings. Revenue jumped 60% during the period, narrowly beating analysts' expectations for the period. Aaron Kessler of Raymond James called the results "solid" in a note to clients on Tuesday morning, maintaining a "strong buy" rating on the stock and raising his price target to $200 from $165. "We continue to believe Baidu is well-positioned for strong, long-term growth driven by continued internet growth in China, increased e-commerce adoption, search advertiser adoption in China, and growth from non-search areas (e.g. mobile, display, video)," he wrote.

UPS profit rises, but misses Wall Street target(8:05 am ET)
NEW YORK (MarketWatch) -- United Parcel Service Inc. (UPS: news, chart, profile) said on Tuesday that its second-quarter profit rose to $1.12 billion, or $1.15 a share, compared to $1.07 billion, or $1.07 a share a year ago. Revenue at the firm rose to $13.34 billion, from $13.19 billion a year ago. Analysts polled by FactSet Research had expected the company to earn $1.17 a share on revenue of $13.70 billion.

Texas Instruments earnings fall almost 34%(4:38 pm ET)
SAN FRANCISCO (MarketWatch) -- Texas Instruments Inc. (TXN: news, chart, profile) on Monday reported a fiscal second-quarter profit of $446 million, or 38 cents a share, on revenue of $3.34 billion. TI said the results included 6 cents a share for charges associated with its acquisition of National Semiconductor. Analysts surveyed by FactSet Research had forecast TI to earn 34 cents a share on $3.35 billion in sales. During the same period a year ago, TI earned $672 million, or 56 cents a share, on revenue of $3.46 billion. TI had earlier said it expected to earn 32 cents to 36 cents a share on revenue between $3.28 billion and $3.42 billion for the quarter. For its third quarter, TI estimates it will earn 34 cents to 42 cents a share, on revenue in a range of $3.21 billion to $3.47 billion. TI said that quarter's results would include 7 cents a share for acquisition and restructuring charges.

http://www.marketwatch.com/news/markets/earningswatch.asp

.