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Quick Look Market Closing Price:
At the close: Dow -0.54% to 12962. S&P -0.58% to 1377. Nasdaq -0.68% to 3011.
Treasurys: 30-year +0.15%. 10-yr +0.05%. 5-yr +0.01%.
Commodities: Crude -0.15% to $102.97. Gold +0.16% to $1642.25.
Currencies: Euro +0.09% vs. dollar. Yen +0.4%. Pound -0.23%
After Hours News:
Microsoft (MSFT): FQ3 EPS of $0.60 beats by $0.02. Revenue of $17.41B (+6% Y/Y) beats by $230M. Shares +1.8% AH. Company lowers FY12 operating expense guidance to $28.3B-$28.7B ($28.5B-$28.9B prior). Establishes preliminary FY13 opex guidance of $30.3B-$30.9B
Chipotle Mexican Grill (CMG): Q1 EPS of $1.97 beats by $0.04. Revenue of $640.6M (+26% Y/Y) beats by $13M. Shares +0.7% AH.
Valmont Industries (VMI): Q1 EPS of $1.96 beats by $0.43. Revenue of $717M (+26.3% Y/Y) beats by $48M. Shares +5.4% AH
Riverbed Technology (RVBD): Q1 EPS of $0.20 in-line. Revenue of $183M (+11.6% Y/Y) misses by $3M.Riverbed (RVBD) guides on its Q1 earnings call for revenue of $193M-$197M and EPS of $0.21-$0.22, below a consensus of $202M and $0.24. 2012 sales growth guidance is lowered to 15% from 17%-20%. Shares, already pressured by the Q1 revenue miss, are now down 15% AH.
SanDisk (SNDK): Q1 EPS of $0.63 misses by $0.08. Revenue of $1.21B (-8% Y/Y) in-line. SanDisk (SNDK): Q1 comes in line on revenue but misses on a per share basis due to a decline in revenue. Net income fell 49% Y/Y as its bottom line was negatively impacted by lower-than-expected pricing and demand weakness in certain segments. The company adds that it sees similar negative trends in Q2 as well. Shares -1.9% AH
Lattice Semiconductor (LSCC): Q1 EPS of -$0.07 misses by $0.09. Revenue of $71.7M (-13.2% Y/Y) misses by $0.8M. Shares -4.2% AH.
Altera (ALTR): Q1 EPS of $0.35 misses by $0.01. Revenue of $384M (-28% Y/Y) misses by $40M. Shares -0.6% AH