Following today's closing bell, we see fresh quarterly earnings results from a host of new companies. As we've seen thus far in Q4 earnings season, results are generally better than expected, in some instances much more so.
For instance, Zacks Rank #1 (Strong Buy)-rated Shutterfly (NASDAQ:SFLY) is up 15% in after-hours trading following its big earnings beat reported this afternoon: $3.37 per share ($3.11 allowing for the one-time tax charge) on $593.8 million in revenues easily zipped past the $2.91 per share and $557 million, respectively. This is the 4th straight earnings beat for the photo services company, and its 15% positive surprise in the quarter is improved on the trailing 4-quarter average surprise of +10.35%.
Align Technologies (NASDAQ:ALGN) was also up big upon its initial posting of its quarterly results, which showed a 10-cent beat to $1.06 per share on $421.3 million in sales, which was well above the $395.5 million expected. This revenue actual also represents a year-over-year gain of 43.7%, with operating income in the quarter up 60% and Invisalign case shipments up 8% sequentially, 34% year over year.
Advanced Micro Devices (NASDAQ:AMD) also beat on top- and bottom-lines this afternoon, posting 8 cents per share and $1.48 billion in revenues which outpaced the 5 cents and $1.40 billion expected. The Silicon Valley semiconductor firm took a one-time tax credit of $18 million for the quarter, and guidance was up big to $1.55 billion in revenues compared to $1,25 analysts had been looking for. For more on AMD's earnings, click here.
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 4 crypto-related stocks now >>
Shutterfly, Inc. (SFLY): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Align Technology, Inc. (ALGN): Free Stock Analysis Report
Original post
Zacks Investment Research