Apple’s (AAPL) iPhone 6S ramp drove Qorvo’s (QRVO) fiscal Q2 2016 beat late Thursday, and news of a “better than feared” Q3 guidance helped shares continue a meteoric surge Friday on Wall Street. In afternoon trading, Qorvo stock was up 22% at a month-high above 55. Qorvo led fellow Apple chip suppliers Skyworks Solutions (SWKS) stock, which was up 7.5% after its own fiscal Q4 sales beat late Thursday, and Avago Technologies (AVGO), up 6.5%. For
Treated to 64% revenue growth in the third quarter, shareholders bid up Tableau Software (DATA) stock Friday, boosting the IBD Computer Software-Database industry group. Shares of Splunk (SPLK), a Tableau customer and competitor, were up 9.5% in afternoon trading in the stock market today. Rival Qlik Technologies (QLIK) was up nearly 6%. Tableau stock led the way, though, up 23% and hitting a more than two-month high near 105. The industry group
Hulu is losing more money as it takes on Netflix (NFLX). But its proud parents are willing to foot the bill to create a video streaming powerhouse. While Hulu has been on a hot streak — signing content deals that make it a stronger rival to Netflix and Amazon.com’s (AMZN) video streaming service — costs are rising. Co-owner Walt Disney (DIS) referred to Hulu’s “higher content and marketing costs” in its fiscal Q4 earnings release. How much Hulu is