Stocks traded higher after the close Wednesday in a torrent of positive earnings from tech stocks, and leading the charge was
The Cupertino, Calif., computer giant saw very active trading after first-quarter income, at 87 cents a share, vaulted by 40 cents year over year and
the Street's 64-cent per-share consensus, per Thomson Financial. Apple's surging revenue was also better than expected. Shares were adding $6.15, or 6.5%, to $101.50.
Seattle-based Internet-software developer
leapt 16.1% to $76.73, also in heavy trading, after per-share income came in
2 cents higher
than Wall Street expectations. Electronics maker
posted a fiscal second-quarter profit of 23 cents a share, which was 6 cents past estimates; and semiconductor
squared with analysts' targets. Wisconsin-based Plexus was rising 7.8% to $20.49; Skyworks, of Woburn, Mass., lately gained 6.8% to $6.58.
rose 5.2% to $30.73 after first-quarter profits came to 27 cents a share,
first-quarter analyst calls by 4 cents, and fellow California-based semiconductor
likewise released a better-than-expected bottom line. Its shares were up 4.3% at $7.70.
Another big winner Wednesday night was weight-management company
, which jumped 13% to $65.80 after
first-quarter estimates with income of $37.9 million, or $1.04 a share, that soared 73.3% from a year ago. Analysts sought 91 cents a share. Revenue, at $238.4 million, climbed 62.4% from last year and handily beat estimates.
, which is also in the weight management business, climbed 2.4% to $41.26 after sharply raising its first-quarter earnings estimate to between 60 cents and 61 cents a share. Wall Street is seeking 56 cents.
, which makes compressor and vacuum products, recorded first-quarter income that, at 80 cents a share, beat Wall Street targets by 13 cents. The Illinois-based company also substantially raised its full-year outlook. Shares bounced 10.3% to $41.20.
Among those on the downswing after hours were, again, a few tech names -- namely, data-storage-systems maker
of Seattle and
, a semiconductor company based in Milpitas, Calif. Isilon posted a loss of 5 cents a share, short of targets by 2 cents, and plummeted 19.9% to $14.50. LSI beat earnings estimates but predicted a next-quarter bottom line of between break-even and 3 cents a share --
analysts' dime-a-share expectations. Shares were off 69 cents, or 7%, to $9.23.
, which makes systems for genetic analysis, lost 11.2% to $27.94 after swinging to a penny-a-share loss (excluding items) when analysts had sought profits of 4 cents a share. Electric-utility company
slid after its chairman and CEO, Mark Sexton, resigned. Kevin Collins will assume the CEO role in the interim, and Robert Clark is the new board chairman. Shares of the Denver-based company were down 34 cents, or 5.1%, to $6.28.