Courtesy of Benzinga.
U.S. stock markets closed up on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting new record highs, helped by Bank of America Corp (NYSE: BAC)’s better-than-expected results.
After the market closed, shares of Netflix, Inc. (NASDAQ: NFLX) tumbled 15 percent. EPS of $0.09 beats the Street’s consensus by $0.07 and revenue of $2.1 billion, was in line with expectations. However, the 160,000 net adds seen in the U.S. and 1.52 million net adds witnessed overseas disappointed investors, as management had guided for 500,000 and two million net adds, respectively.
International Business Machines Corp. (NYSE: IBM) gained more than 2.5 percent after the bell rang, driven by a top and bottom line beat. Second quarter EPS of $2.95 beat the Street’s consensus by $0.06, while revenue of $20.24 billion came in $210 million ahead of expectations.
Also surging on its earnings was VMware, Inc. (NYSE: VMW), which rose more than 4.75 percent in Monday’s after-hours session. Second quarter EPS of $0.97 and revenue of $1.69 billion beat analysts’ consensus by $0.02 and $10 million, respectively.
Finally, EMC Corporation (NYSE: EMC) traded up about 1.1 percent. The large cap tech company posted second quarter EPS of $0.45, $0.03 above the Street’s consensus, and revenue of $6 billion, in line with estimates.
Posted-In: SoftbankEarnings News After-Hours Center Movers
