Earnings Scan (MLNX, YHOO, GPC, NYT, LUV)
Mellanox Technologies Ltd (NASDAQ:MLNX) jumped up 43.76% to $62.27 following the Company reported better than estimated first quarter results and lifted its earnings outlook for the current quarter. Revenue increased 61.2% to $88.7 million. GAAP gross margins were 67.4% in the first quarter of 2012. GAAP net income was $12.4 million or $0.29 per diluted share compared to net loss of ($1.6) million or ($0.05) per diluted share in the first quarter of 2011. The company projects to generate revenue of $125-$130 million in the current quarter, well above its prior estimates of $81 million-$86 million, due to one-time sales related to Intel’s Romley launch.
Yahoo! Inc (NASDAQ:YHOO) is up 0.06% to $15.50. The Company reported first quarter earnings of $286 million or 23 cents per share compared to $223 million or 17 cents per share in the same period of last year. Revenue increased 1% to $1.08 billion. However, analysts were
expecting earnings of 17 cents per share on revenue of $1.06 billion.
Genuine Parts Company (NYSE:GPC) declined 1.18% to $63.36 after the reported solid first quarter profit on strong demand in its industrial segment. The company said that it earned $146.3 million, or 93 cents a share on revenue of $3.18 billion, compared to a year ago profit of $126.5 million, or 80 cents a share. Analysts were estimating the company to report 87 cents per share on revenue of $3.16 billion. Sales at its industrial segment grew 12% to $1.12 billion.
The New York Times Company (NYSE:NYT) soared 5.40% to $6.44 after the Company reported first quarter results. Total revenues decreased 0.3% to $499.4 million. Advertising revenues decreased 8.1%, circulation revenues increased 9.7% and other revenues decreased 0.8%. Earnings per share from continuing operations were $.09 compared to $.02 in the
same period of 2011. Digital advertising fell 10% on weakness at the company’s About Group.
Southwest Airlines Co (NYSE:LUV) moved up 2.66% to $8.10 after the Company posted first quarter results. The company earned 13 cents per share, compared with $5 million, or a penny per share, a year earlier. Revenue during the quarter grew 29% to $3.99 billion, reflecting the company’s bigger size since it bought AirTran Airways last year. Southwest warned last month that excluding items it wouldn’t make a profit in the first quarter, typically a slow period for travel.