Quick Look Market Closing Price:
At the close: Dow +0.94% to 13214. S&P +0.72% to 1401. Nasdaq +0.69% to 3051.
Treasurys: 30-year +0.39%. 10-yr +0.25%. 5-yr +0.12%.
Commodities: Crude +0.31% to $104.44. Gold +0.98% to $1658.35.
Currencies: Euro +0.16% vs. dollar. Yen -0.47%. Pound -0.17%.
After Hours News:
Skyworks (SWKS): FQ2 EPS of $0.42 beats by $0.02. Revenue of $364.7M (+12% Y/Y) beats by $3.6M. Expects FQ3 revenue of $383M and EPS of $0.44 vs. consensus of $382.6M and $0.44. Shares +3.9% AH
Expedia's Q1: Strong results fueled by 24% Y/Y increase in room nights (37% for Hotels.com), up from 19% in Q4. Hotel revenue (70% of total) +17%, offsetting a 17% drop in plane ticket revenue (11% of total) due to lower prices. All other revenue sources (car rentals, ads, etc. ) +15%. $291M worth of shares repurchased. EXPE +16.5% AH. PCLN +0.8%. TZOO +1.7%. TRIP +2.2%
Jazz Pharmaceuticals (JAZZ) +11.2% AH after agreeing to acquire privately-held EUSA Pharma for as much as $700M in cash. EUSA's FDA-approved Erwinaze treatment blocks cell growth in patients with acute leukemia by cutting down asparagine levels in the bloodstream. Jazz expects the deal to add $210M-$230M in revenue and $0.75-$0.85/share in earnings
ResMed (RMD): FQ3 EPS of $0.44 beats by $0.03. Revenue of $349M (+11.5% Y/Y) beats by $10M. Shares +5.3% AH.
Cray (CRAY): Q1 EPS of $0.13 beats by $0.10. Revenue of $112M (+182% Y/Y) beats by $13M. Shares +7.8% AH.
Allscripts (MDRX) -45.8% AH after posting a bleak Q1 report and announcing a significant management shakeup. Chairman Phil Pead has been kicked out, and 3 board members who disagreed are resigning. CFO Bill Davis is also stepping down. AllScripts' Q1 revenue of $365.5M and EPS of $0.12 missed by $22.2M and $0.12. The company now expects 2012 revenue of $1.48B-$1.52B and EPS of $0.74-$0.80, below a consensus of $1.64B and $1.09. QSII -6.3% in sympathy
Nanometrics (NANO): Q1 EPS of $0.12 misses by $0.01. Revenue of $55M (-11% Y/Y) beats by $1M. Shares -4.8% AH
Starbucks (SBUX) -5% AH after beating FQ2 estimates but guiding for FY12 EPS of $1.81-$1.84, below a consensus of $1.86. During its earnings call, Starbucks said it's increasing its target for new Asian stores on the year to 400 from 300, with half of the openings in China. 1,000 new stores are expected overall. GMCR -1.9%, though Starbucks promised to bring single-serve coffee to China and saw K-Cups contributing $0.03-$0.05 to FY12 EPS
Deckers Outdoor (DECK): Q1 EPS of $0.20 misses by $0.05. Revenue of $246.3M (+20.2% Y/Y) in-line. UGG! Deckers (DECK) -16.1% AH
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