Shares of several major companies experienced notable movements in after-hours trading following strong earnings announcements and optimistic forecasts.
Apple reported a strong fiscal first-quarter performance, with earnings at $2.84 per share, surpassing the anticipated $2.67. The company’s revenue reached $143.76 billion, far exceeding the expected $138.48 billion, bolstered by a 23% annual increase in iPhone revenue, reflecting strong sales in China that alleviated investor concerns regarding competition in the region.
Sandisk saw a significant surge in its stock, climbing 11%, after providing robust guidance for its fiscal third-quarter earnings, predicting adjusted earnings between $12 and $14 per share, well above the expected $5.11.
Visa, despite reporting strong fiscal first-quarter results, with earnings of $3.17 per share and revenue of $10.9 billion, experienced a slight dip of nearly 2% after-hours trading.
Western Digital’s shares increased by about 1% following a positive forecast, with expectations for adjusted earnings of $2.30 per share and revenue of approximately $3.2 billion, both above analysts’ predictions.
Deckers Outdoor’s stock rose 12% after projecting favorable earnings and revenue for 2026 that surpassed market estimates.
Stryker reported better-than-expected fourth-quarter results, leading to a 2% increase in its shares.
Robinhood saw a 2% uptick in its stock following news reports about potential involvement in a government initiative for tax-advantaged accounts for minors.
Conversely, KLA Corp experienced over an 8% decline after indicating that its fiscal third-quarter earnings would fall short of analysts’ expectations.
Why this story matters
- Highlights the financial health of major companies and investor sentiment.
Key takeaway
- Strong earnings reports can positively impact stock prices, while mixed results may lead to declines.
Opposing viewpoint
- Despite positive earnings, market reactions can be unpredictable and driven by other factors beyond just financial performance.
