Following today's closing bell, we see fresh quarterly earnings results from a host of new companies. As we've seen thus far in Q4 earnings season, results are generally better than expected, in some instances much more so.
For instance, Zacks Rank #1 (Strong Buy)-rated Shutterfly SFLY is up 15% in after-hours trading following its big earnings beat reported this afternoon: $3.37 per share ($3.11 allowing for the one-time tax charge) on $593.8 million in revenues easily zipped past the $2.91 per share and $557 million, respectively. This is the 4th straight earnings beat for the photo services company, and its 15% positive surprise in the quarter is improved on the trailing 4-quarter average surprise of +10.35%.
Align Technologies ALGN was also up big upon its initial posting of its quarterly results, which showed a 10-cent beat to $1.06 per share on $421.3 million in sales, which was well above the $395.5 million expected. This revenue actual also represents a year-over-year gain of 43.7%, with operating income in the quarter up 60% and Invisalign case shipments up 8% sequentially, 34% year over year.
Advanced Micro Devices AMD also beat on top- and bottom-lines this afternoon, posting 8 cents per share and $1.48 billion in revenues which outpaced the 5 cents and $1.40 billion expected. The Silicon Valley semiconductor firm took a one-time tax credit of $18 million for the quarter, and guidance was up big to $1.55 billion in revenues compared to $1,25 analysts had been looking for. For more on AMD's earnings, click here.
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