Illumina (ILMN) surpassed second quarter earnings estimates late Tuesday but missed on revenue for the first time in six years. Analysts expected a beat-and-raise from the maker of gene sequencing systems, so its shares suffered in the stock market today. Illumina stock gapped down 8.4% in huge volume on Wednesday, breaching its 50-day moving average intraday. But the stock was able to recover some of those losses and is now back above that key
F5 Networks (FFIV) late Wednesday reported fiscal Q3 earnings and revenue above expectations, sending the data center gear maker’s stock up in after-hours trading. Seattle-based F5 Networks said that it earned $1.67 per share in the June quarter, up 20% from the year-earlier period. Revenue rose 10% to $483.6 million. Analysts had modelled EPS of $1.59 on revenue of $481 million. F5 Networks stock was up more than 6% in after-hours trading after
Action camera maker GoPro (GPRO) delivered a highlight-reel worthy performance in the second quarter. But GoPro stock seesawed on Wednesday. It was down a fraction, near 62, in late-afternoon trading on the stock market today, after the company announced Q2 earnings late Tuesday. The San Mateo, Calif.-based company earned 35 cents a share excluding items, up 337% from the year-earlier quarter. Analysts polled by Thomson Reuters expected EPS of 26 cents. Sales rose 72% to $420 million, topping Wall Street’s target of $395 million. “Our performance was driven by the growing strength of our global brand, new products and the continued success of our Hero 4 line of cameras and accessories,” GoPro CEO Nick Woodman said on a conference call with analysts. For the current quarter, GoPro expects sales of $430 million and $445 million, with the midpoint representing a 56% increase. It forecasts Q3…