Courtesy of Benzinga.
Stocks traded up on Monday, helped by strong corporate results and several large M&A announcements.
After the market closed, Visa Inc (NYSE: V) reported Q4 EPS of $0.78 beat the Street’s consensus by $0.05, while revenue of $4.261 billion came in ahead of estimates of $4.23 billion. Despite the strong results, shares lost more than 1.35 percent.
Sonic Corporation (NASDAQ: SONC) lost 11.7 percent after a revenue miss. Even though earnings of $0.45 per share beat estimates by $0.01, sales of $162.1 million, fell considerably short of expectations for $167 million in revenue.
Cadence Design Systems Inc (NASDAQ: CDNS) slipped almost 1 percent after the bell rang. EPS of $0.30 beat the Street’s consensus by $0.02, but revenue of $446.22 million, was just in line with estimates. Management said it expects full year EPS of $1.19-$1.21, versus estimates of $1.20, on revenue of $1.81 billion to $1.82 billion, versus consensus at $1.82 billion.
On the other hand, Swift Transportation Co (NYSE: SWFT) and Rambus Inc. (NASDAQ: RMBS) gained 2.3 percent and 5.1 percent, respectively, on their earnings reports. Rambus posted top and bottom line beat; Swift beat EPS estimates but missed sales expectations.
Posted-In: Earnings News Guidance After-Hours Center Movers
