Amazon.combeat estimates and raised guidance after the bell on Tuesday.
Amazon’s pro forma earnings of 10 cents a share blew past analysts’ 6-cent estimates, and revenues of $1.1 billion topped $1.02 billion estimates. The company also raised third-quarter and full-year estimates. Amazon stock climbed 5% after hours.
Also after the close, Sunmissed earnings and revenue estimates, while Broadcom, DoubleClick, AskJeevesand StorageTekbeat earnings and revenue estimates. Websensematched estimates.
Better than expected results from the likes of Texas Instrumentsand Corningsent tech stocks higher during the day, and blue chips gained on news that Saddam Hussein’s sons had been killed in a raid.
The Nasdaq surged 24 to 1706, the S&P 500 rose 9 to 988, and the Dow climbed 61 to 9158. Volume rose to 1.44 billion shares on the NYSE, and 1.75 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 20-10 on the Nasdaq. Upside volume was 74% on the NYSE, and 71% on the Nasdaq. New highs-new lows were 73-30 on the NYSE, and 123-7 on the Nasdaq.
Lucentsurged 11% on a $1 billion contract with Sprintthat raised hopes of a rebound in capital spending.
Ameritrade, Tellabsand JDA Softwaresoared on better than expected results.
Novellusgained 6% despite warning, sending chip stocks higher.
FindWhat.comand J2 Global Communicationsalso beat estimates, but lagged on valuation concerns. EarthLinkedged higher on its report.
Interdigital Communicationsplunged on news that it is facing patent arbitration with Nokia.
AOLrose ahead of its earnings report tomorrow morning.
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