A trio of leading technology companies released their
quarterly earnings results after the closing bell on Tuesday.
Market sentiment will likely be influenced tomorrow in the wake
of reports from Yahoo! (NASDAQ:
), Intel (NASDAQ:
) and IBM (NYSE:
). While YHOO shares are trading higher immediately after the
company released its Q1 earnings results, both INTC and IBM have
fallen in Tuesday's after hours trading session.
Yahoo! reported first quarter net income attributable to the
company of $286.3 million or $0.23 per share, compared to $223.0
million or $0.17 per share, in last year's corresponding quarter.
This compared to Wall Street consensus EPS estimates of
Revenues in the quarter were $1.22 billion, an increase over
the $1.21 billion the company reported in last year's first
quarter. Excluding traffic acquisition costs, YHOO reported
revenue of $1.08 billion versus $1.06 billion last year. This
compared to analysts' consensus revenue estimates of $1.06
Looking ahead to Q2, the company expects ex-TAC revenues in a
range between $1.03 billion and $1.14 billion. Total revenues for
the second quarter are expected to be in a range of $1.17 billion
to $1.29 billion. Currently, Wall Street analysts are projecting
that YHOO will report Q2 revenues of $1.08 billion.
In Tuesday's after hours trading session, YHOO had added
nearly 3% to $15.01.
Intel reported first quarter net income fo $2.74 billion or
$0.53 per share, versus $3.16 billion or $0.56 per share, in last
year's corresponding period. On a non-GAAP basis, net income at
the company for the quarter was $2.88 billion or $0.56 per share,
compared to $3.24 billion or $0.58 per share, last year. This
came in ahead of Wall Street analysts' consensus EPS estimates of
Net revenues at Intel were up to $12.91 billion versus $12.85
billion in the prior year period. This also exceeded Street
consensus revenue estimates of $12.84 billion.
Looking ahead, INTC sees revenue of $13.6 billion in the
second quarter, plus or minus $500 million. This compares to
current Street consensus revenue estimates of $13.43 billion.
In Tuesday's after hours trading session, INTC shares have
lost 2.39% to $27.79.
IBM reported first quarter net income of $3.1 billion or $2.61
per share, compared to $2.9 billion or $2.31 per share, in last
year's corresponding quarter. On an adjusted basis, which is
comparable to analysts' consensus, IBM reported net income of
$3.3 billion or $2.78 per share, which was a 15% increase over
the $3.0 billion or $2.41 per share, the company reported in last
year's first quarter. This exceeded Wall Street analysts'
consensus EPS estimates of $2.65.
Revenues for the quarter were $24.67 billion compared to
$24.61 billion last year. This also came in ahead of consensus
expectations of $24.77 billion.
Looking ahead, IBM raised its full year GAAP earnings per
share outlook to at least $14.27 versus a prior outlook of at
least $14.16 per share. The company also raised its adjusted
earnings outlook to at least $15.00 per share, compared to its
previous outlook of at least $14.85 per share. Wall Street
analysts currently have consensus EPS estimates of $14.93 per
share for fiscal 2012.
In the after hours trading session, IBM was last trading down
2.24% to $202.80. During regular trading, the stock added 2.33%
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