Quick Look Market Closing Price:
At the close: Dow -1.63% to 11997. S&P -2.11% to 1234. Nasdaq -1.99% to 2596.
Treasurys: 30-year +0.71%. 10-yr +0.39%. 5-yr -0.48%.
Commodities: Crude -2.57% to $97.91. Gold -1.88% to $1711.95.
Currencies: Euro -0.48% vs. dollar. Yen +0.01%. Pound +0.47%.
After Hours Earning News:
Pall (PLL): FQ1 EPS of $0,59 misses by $0.06. Revenue of $705.6M (+16% Y/Y) beats by $58M. Shares +2.1% AH
Comtech Telecom (CMTL) drops 4.6% AH after reporting FQ1 results. While revenue of $113.4M (-36% Y/Y) and EPS of $0.41 beat by a healthy $19.9M and $0.11, the company is maintaining its FY12 (ends July '12) revenue guidance of $400M-$430M, and just slightly lifting its EPS guidance to a range of $1.25-$1.37 ($1.20-$1.32 prior), citing macro fears and federal budget uncertainty
Texas Instruments (TXN) drops 6.6% AH after using its mid-quarter update to guide for Q4 revenue of $3.19B-$3.33B and EPS of $0.21-$0.25, below prior guidance ranges of $3.26B-$3.54B and $0.28-$0.36. TI blames the shortfall on "lower demand across a wide range of markets," save for wireless application processors Between TI and Altera's (ALTR) warnings (previously), chip stocks are likely to see weakness tomorrow.
Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior guidance for a 7%-11% drop
Esterline (ESL) reports Q4 EPS of $1.21 beats by $0.04. Revenue of $502M misses by $22M. Shares -2.4% AH
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