Shares of BMC
surged in after-hours trading Tuesday after the companies posted quarterly results that were well ahead of analysts’ estimates.
BMC’s pro forma earnings of 20 cents a share came in 7 cents ahead of estimates, and sales rose 7% to $348.3 million, also well ahead of expectations. NetEase outpaced forecasts by 17 cents with 83-cent earnings, and revenues of $50.4 million were up 90% and $6 million ahead of estimates. Shares of both companies surged after hours.
also rose on strong results, but Tech Data
lost 6% after the company slashed its earnings forecast because of falling margins, but kept its sales guidance intact.
The Nasdaq and S&P rose to fresh four-year highs during the day after reports showed strong consumer spending and factory orders.
The Nasdaq rose 22 to 2218, the S&P climbed 8 to 1244, and the Dow gained 60 to 10,683. Volume rose to 2.04 billion shares on the NYSE, and 1.78 billion on the Nasdaq. Advancers led 21-10 on the NYSE, and 18-12 on the Nasdaq. Upside volume was 68% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 404-17 on the NYSE, and 215-20 on the Nasdaq.
fell 3% after the company said it expects third-quarter earnings of 25-27 cents a share on revenues of $470-$490 million. Analysts were expecting earnings of 27 cents a share on $486 million in sales.
jumped 8% on its results.
fell on their results.