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After Hours: Sturm Ruger, Texas Roadhouse, Apple Supplier IDT

Earnings reports from Sturm Ruger ( RGR ),  Apple ( AAPL ) supplier Integrated Device Tech ( IDTI ),   Monolithic Power Systems ( MPWR ), Texas Roadhouse ( TXRH ) and Qualys ( QLYS ) headline Monday’s after-hours session. Sturm Ruger Sturm Ruger reported $1.21 in diluted Q1 per-share earnings, a 49% spike, on a 26% revenue increase to $173.1 million, far above consensus views for 96 cents EPS on $147.7 million in sales. The gunmaker also declared a 48-cent per-share dividend, up from 35 cents in the prior quarter and 25 cents in the quarter before that. Sturm Ruger stock rose more than 4% in late trading to above 70 after closing up 5.5% in regular trade on the stock market today . That would put Ruger’s shares above their 50-day moving average for the first time since Ruger and rival Smith & Wesson ( SWHC ) crashed April 4 on fears of slowing gun sales. Smith & Wesson also rallied late after closing up 4.6%. IBD’s Take: How does Sturm Ruger stock stack up vs. objective targets and key rivals? Find out at IBD Stock Checkup Integrated Device Tech The Apple Watch supplier’s Q4 non-GAAP EPS popped 24% to 36 cents, surpassing analyst expectations for 33 cents but growth slowed for a fourth straight quarter. Revenue climbed 20% to $189.4 million, topping views for $187 million. Sales growth snapped a three-quarter string of deceleration. Integrated Device Tech shares rose 2% late after closing the regular session up 2.1%. Meanwhile, Apple shares closed down 0.1%, its eighth straight loss . Monolithic Power Systems Chip designer Monolithic Power said Q1 non-GAAP EPS jumped 22% to 45 cents, beating projections for 44 cents. Revenue grew 15% to $84.5 million vs. estimates for $83 million. For Q2, the Sony ( SNE ) PlayStation 4 chipmaker sees revenue in the range of $91 million-$95 million, with the $93 million midpoint ahead of views for $91.5 million. Monolithic Power shares were little changed in late trade after rising 1.8% in the regular session. Texas Roadhouse Texas Roadhouse reported Q1 EPS of 50 cents a share, including a 5-cent pre-tax charge. Wall Street had estimated 54 cents. Revenue increased 12% to $515.6 million, slightly below views for $515.9 million. Comparable sales grew 4.6% at company restaurants and 3.1% at franchise locations. Shares closed the regular session up 3.3% and jumped more than 4% late. IBD’s Take: How appetizing is Texas Roadhouse’s stock and how does it compare to rivals? Find out at IBD Stock Checkup Qualys Cloud-based security and compliance solutions provider Qualys ( QLYS ) notched a 40% per-share profit gain in Q1, with 21 cents a share on 23% revenue growth to $46.2 million. That topped estimates for 15 cents EPS and $45.1 million in revenue. For Q2, Qualys expects EPS of 15-17 cents, below views for 18 cents a share. The midpoint of revenue outlook of $47.6 million-$48.3 million — $47.95 million — is a hair above analyst forecasts for $47.91 million. For 2016, Qualys said it continues to see $195.6 million-$198.6 million in sales and 74-79 cents EPS, vs. views for $197 million in revenue and 77 cents EPS. The company also announced the appointment of Zynga ( ZNGA ) alum Melissa Fisher as its new CFO. Shares fell 4% late after rising 5.5% during the regular session. Anadarko Petroleum Anadarko Petroleum ( APC ) reported an adjusted Q1 loss of $1.12 a share vs. estimates for a loss of $1.16 a share. Revenue fell to $1.675 billion vs. views for $1.81 billion. Shares fell nearly 2% late after closing down 1.5%.

Sony PlayStation 4 Chipmaker Monolithic Power Systems Tops Q1 Views

Sony ( SNE ) PlayStation 4 chip supplier Monolithic Power Systems ( MPWR ) topped Wall Street’s Q1 expectations after the close Monday and issued current-quarter sales guidance that beat the consensus at the midpoint. Monolithic Power stock rose 1.75% in Monday’s regular session to 63.51, and was flat in after-hours trading. Shares are even for the year, but have recovered from an 8% dip through mid-February. Monolithic stock broke out of a cup-with-handle based last month at 65.36, so it’s down nearly 3% from the buy point. For Q1, Monolithic Power reported $84.5 million in sales and 45 cents earnings per share minus items, up 15% and 22%, respectively, vs. the year-earlier quarter. IBD Take: Monolithic Power gets great ratings of late, as you can see from IBD Stock Checkup. Both measures topped the consensus of eight analysts polled by Thomson Reuters for $83 million and 44 cents per share, and the midpoint of Monolithic Power’s earlier sales view for $81 million to $85 million. Current-quarter sales guidance for $91 million to $95 million would be up 12%-17% and beat analysts’ model for $91.5 million at the midpoint. Monolithic Power stock has an IBD Composite Rating of 97, out of a best-possible 99, trailing Nvidia ( NVDA ), Silicon Motion Tech ( SIMO ) and Maxlinear ( MXL ). Its chips are used in Sony’s PlayStation 4, Microsoft ( MSFT ) Xbox One and Blu-ray/DVD players. It competes against tech majors like Intel ( INTC ), Texas Instruments ( TXN ) and Qualcomm ( QCOM ), all Apple ( AAPL ) suppliers.

Virtual Reality Goes From Virtually Nothing To $2 Billion Market

Virtual reality headsets will generate about $2.3 billion in sales worldwide this year, up from next to nothing last year, market research firm IDC predicted Thursday. Shipments of VR headsets will skyrocket to 9.6 million units this year, IDC said. Driving the market are three high-definition headsets: Facebook ’s ( FB ) Oculus Rift, HTC’s Vive and Sony ’s ( SNE ) PlayStation VR. The market also will get a boost from lower-cost devices, such as Samsung Gear VR, which use a smartphone as the display. IDC predicts that annual shipments of VR headsets will reach 64.8 million units in 2020, with a five-year compound annual growth of 184%. “Video games will clearly be the lead rationale for people to pick up an Oculus Rift, HTC Vive or PlayStation VR this year,” IDC analyst Lewis Ward said in a statement . Exciting new VR games on the way will lead to a wave of interest in buying VR hardware, especially this holiday shopping season, he said. This month, research firm Strategy Analytics predicted that VR headsets would generate sales this year of $895 million worldwide. It predicted sales of 12.8 million VR headsets this year, skewed toward low-cost, smartphone-based devices. The Oculus Rift, which began shipping on March 28, costs $599. HTC Vive went on sale April 5 and costs $799. PlayStation VR will cost $399, and it goes on sale in October. Oculus Rift and HTC Vive require the use of a high-end PC, and PlayStation VR needs to be coupled with the PlayStation 4 game console. The tangential market of augmented reality (AR) headsets, such as Microsoft ’s ( MSFT ) HoloLens, will take longer to develop, IDC said. IDC is forecasting sales of 400,000 AR headsets this year, rising to 45.6 million in 2020. “While development kits from players such as Microsoft, Meta and others point to a strong future in AR hardware, these devices are dramatically harder to produce than VR products,” IDC analyst Tom Mainelli said in a report. “Doing this right is more important than doing it fast, and we urge the industry to continue its slow and steady approach to hardware development here, as AR is going to have a profound impact on the way we interact with technology and the way we do our jobs for many years to come.” In the meantime, expect to see more companies experimenting with AR software on smartphones and tablets, he said. VR headsets cover the wearer’s entire field of vision and provide an immersive video and audio experience. AR headsets are computerized glasses that overlay information onto a wearer’s field of view. RELATED: Augmented Reality Could Be The Next Big Leap For Personal Computing .