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After-Market Q4 Earnings Bounce Back: NVDA, FEYE, ATVI, SKX

Zacks

Following the second quadruple-digit drop in the Dow for the past week, Q4 earnings reports released after the bell has provided somewhat of a bounce-back for stocks that outperformed. A huge number of late earnings are hitting the tape; here are some of the highlights:

One of the biggest tech plays of 2017, NVIDIA NVDA, keeps the good news coming with a major beat on top- and bottom-lines after Thursday’s closing bell. Shares are up 11% following 80% growth in earnings to $1.78 per share, far in front of the $1.16 per share expected. Revenues in the quarter, themselves up 34% year over year, posted $2.91 billion, well ahead of the $2.67 billion we had anticipated. For more on NVDA’s earnings, click here.

Cybersecurity growth play FireEye FEYE is performing even stronger in the late session, up 13%, following its quarterly swing to a positive earnings figure of a penny per share from the -$0.01 per share expected. Revenues of $202.3 million topped the $193.6 million in the Zacks consensus, up 10% year over year. For more on FEYE’s earnings, click here.

Even Activision ATVI, which only just met estimates of 94 cents in its just-reported quarter on revenues of $2.64 billion above the $2.61 billion expected, is up more than 3% in after-market trading. The video game giant posted a record number of total bookings in the quarter, and raised guidance for next quarter and full-year 2018. For more on ATVI’s earnings, click here.

Footwear retailer Skechers SKX is also seeing a bounce to its share price — up 4.7% after hours — following the company’s big beat on top- and bottom-lines: 21 cents per share easily outpaced the 13 cents expected, and sales in the quarter of $970.6 million zoomed past the $879.7 million expected, for a 27% gain year over year. For more on SKX’s earnings, click here.

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