Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results.
For the quarter ended March 31, D.R. Horton posted a net income of $111 million or 32 cents a share compared to a profit of $40.5 million or 13 cents a share, in the same quarter of last fiscal.
Revenue during the quarter soared 49% to $1.39 billion from $935.6 million, aided by 33% increase in the numbers of homes closed. Analysts polled by FactSet Research were expecting earnings of 19 cents a share on revenue of $1.27 billion. Net sales orders surged 34% to 7,879 homes while the sales value of those orders leaped 52% to $2 billion.
Shares of Amazon.com Inc. (NASDAQ: AMZN) slumped about 5.85% by early trade after the Kindle devices maker, late last evening, said that net income in the fiscal first quarter fell by 37% to $82 million or 18 cents a share compared to net income of $130 million or 28 cents a share, in the same quarter of last year.
Still, adjusted EPS edged past Street’s estimate, thanks to 22% revenue growth, which was driven by strong performances from its cloud computing, digital content businesses and core retail division.
For the current quarter, Amazon.com anticipates anything between a loss of $340 million and profit of $10 million. Revenue is anticipated to be in the range of $14.5 billion to $16.2 billion, matching analysts’ consensus estimate of $15.9 billion.
Shares of Baidu.com Inc. (ADR) (NASDAQ: BIDU) slumped about 8.40% in early trade after the Chinese search engine giant reported earnings of $1 per ADR on revenue of $961 million for the fiscal first quarter, following closing bell on Thursday. Analysts were expecting earnings of $1.03 per ADR on revenue of $966 million.
Shares of Expedia Inc (NASDAQ: EXPE) tumbled about 8.30% by early trade after the online travel company late last evening, slashed its outlook on organic growth outlook. However, the Company’s fiscal first quarter results topped Wall Street’s estimates.
For the fiscal first quarter, Expedia reported adjusted earnings of 25 cents a share on revenue of $1.01 billion. Analysts’ consensus estimate was for earnings of 23 cents a share on revenue of $968 million.
Shares of Freescale Semiconductor Ltd. (NYSE: FSL) rallied about 9.90% by early trade after the Company on Thursday handed less-than-feared loss while revenue also edged past analysts’ expectation for the fiscal first quarter.
Shares of embattled department Chain, J C Penney (NYSE: JCP) rallied about 8.75% by midday trade after the billion investor George Soros, in his regulatory filing on Thursday reported a 7.8% stake in the company.
Shares of Coinstar Inc. (NASDAQ: CSTR) jumped about 4.20% by midday trade after the movie and games rental Kiosk provider raised its outlook on full-year earnings. The Company now expects earnings to be in the range of $5.05 to $5.55 a share on revenue of $2.39 billion to $2.55 billion up from its original forecast of $4.91 to $5.51 a share on revenue of $2.38 billion to $2.56 billion.
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