Thursday's Late Winners & Losers
(GOOG) - Get Report
was among a number of tech stocks moving on fresh financials after the bell Thursday.
The Internet search giant reported surging non-GAAP third-quarter income of $1.24 billion, or $3.91 a share, that
beat Street estimates by 13 cents a share. Shares of the Mountain View, Calif., company rose $7.38, or 1.2%, to $647, after some choppy trading.
Advanced Micro Devices
(AMD) - Get Report
, a chipmaker based in Sunnyvale, Calif.,
swung to a loss of $396 million, or 71 cents a share, from a year-ago profit. Excluding 22 cents a share in one-off charges, however, results bested Thomson Financial's analyst estimates for a loss of 62 cents a share. AMD stock was up 0.6% to $14.64.
Fellow chipmaker
Xilinx
(XLNX) - Get Report
reported third-quarter earnings of 30 cents a share,
a penny over targets. Shares ticked up 0.7%. Semiconductor-equipment maker
Cree
(CREE) - Get Report
and business-software company
Informatica
(INFA)
each beat by 2 cents. Shares were up 5.2% and 3.6%, respectively.
Out of the tech sector,
Intuitive Surgical
(ISRG) - Get Report
climbed 5.2% after third-quarter income more than doubled from last year to $40.9 million, or $1.04 a share, on better-than-expected revenue of $156.9 million. Shares were trading at $269.89.
And
PMC-Sierra
(PMCS)
saw mixed trading on two pieces of news. The Santa Clara, Calif., chipmaker said it made $19.1 million, or 9 cents a share, on a non-GAAP basis, which topped per-share targets by 3 cents. In addition, CEO Bob Bailey will retire the post as soon as a replacement is found. He'll serve as chairman of the board through his current term.
PMC shares were recently down 2.1% to $8.84.