Quick Look Market Closing Price:
At the close: Dow -0.72% to 12839. S&P -0.67% to 1355. Nasdaq -0.39% to 2935.
Treasurys: 30-year +0.12%. 10-yr 0%. 5-yr 0%.
Commodities: Crude -0.48% to $96.54. Gold -0.83% to $1591.25.
Currencies: Euro -0.45% vs. dollar. Yen -0.3%. Pound +0.1%.
After Hours News:
SciClone Pharmaceuticals (SCLN): Q1 EPS of $0.15 beats by $0.04. Revenue of $39.2M (+81% Y/Y) beats by $2M. Shares +1.7% AH
Responsys (MKTG): Q1 EPS of $0.07 beats by $0.03. Revenue of $38.1M (+26.6% Y/Y). Shares +6.4% AH
Tesla Motors (TSLA): Q1 misses across the board, despite a 10% jump in deliveries in its European and Asian markets. The company notes initial deliveries of its Model S to customers in the United States will begin in June, one month ahead of schedule and ups FY12 guidance, now expecting to earn between $560M - $600M. Street estimates are for $561M. Shares +8% AH
Universal Display (PANL): Q1 EPS of -$0.03 misses by $0.07. Revenue of $12.6M (+31% Y/Y) misses by $3.8M. Company blames shortfall on lack of Samsung licensing revenue, which it says will is recognized in Q2 and Q4. Maintains 2012 revenue guidance of $90M-$110M. Shares -17% AH
Cisco Systems (CSCO): FQ3 EPS of $0.48 beats by $0.01. Revenue of $11.59B (+6.6% Y/Y) beats by $20M. Commentary is downbeat, with Cisco noting weak Euro and public sector spending. Service provider orders +5% Y/Y, but enterprise orders -1%. Longer sales cycles and smaller deal sizes are being seen. FQ3 switch sales +5%, but router and collaboration (VoIP, telepresence, etc.) sales were flat. Asia-Pac is an area of strength, but China orders -8% Y/Y. Wireless and servers are growing quickly, but are still a small % of sales. CSCO -9.2% AH. Cisco (CSCO) guides on its FQ3 earnings call for 2%-5% FQ4 revenue growth and EPS of $0.44-$0.46, below a consensus of 7.1% growth and EPS of $0.49. CSCO -8.1% AH. JNPR -2.4%. JDSU -1.9%. FFIV -1.4%. RVBD -1.5%.
Activision Blizzard (ATVI): Q1 EPS of $0.06 beats by $0.02. Revenue of $587M (-22% Y/Y) beats by $31.1M. Expects Q2 revenue of $805M and EPS of $0.10, below consensus of $822.2M and $0.16. Expects 2012 revenue of $4.53B and EPS of $0.95, slightly below consensus of $4.57B and $0.97. Shares -0.7% AH
Priceline (PCLN): Q1 EPS of $4.28 beats by $0.33. Revenue of $1B (+28% Y/Y) misses by $40M. Priceline (PCLN): Q1 comes in mixed, beating on a per share basis but missing slightly on revenue. Net profit jumped 74% Y/Y on strength in its international hotel bookings. The company also guided Q2 profit to the lower-end of estimates, now seeing an EPS of $7.20 - $7.40 with revenue growth between 18% and 23%. Street estimates were for an EPS of $7.37 on revenue growth of 26%. Shares -2.45% AH
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