Apple Inc. (NASDAQ: AAPL) is lower this morning on several issues. A soft tape is one, a small chip acquisition is another, but the company now has a Taiwanese company called Elan Microelectronics filing a complaint with the US International Trade Commission. The company claims Apple is infringing on a multi-touch patent in the iPad.Shares are down around $261 after closing at $262.04 yesterday, so the drop here is not extreme in a weak tape.
Broadcom Corp. (NASDAQ: BRCM) traded up last night by almost 2% after reporting a profit and forecasting that revenue would beat expectations. Shares are indicated up 2% this morning around $35.75 after a $34.82 close.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) is getting spanked after it posted a gain in earnings, but its same-store sales were flat. This one is in its own deep fryer because after a $51.01 close shares are down over 20% and close to $41.00 this morning after an active session last night.
Flextronics International Ltd. (NASDAQ: FLEX) is indicated about 2% lower after the EMS company beat earnings projections but on light sales. Guidance was mostly in line. Shares are indicated down at $7.75 after a $7.94 close.
Hutchinson Technology Inc. (NASDAQ: HTCH) is getting kicked in the hutch. Shares were down about 20% after posting a wider than expected quarterly loss and it said shipments fell by over 15% on lower market share.
National Bank of Greece SA (NYSE: NBG) is trying to post a solid recovery after getting drummed yesterday. Shares are indicated up 8% at $2.81 on rather active trading volume.
Panera Bread Company (NASDAQ: PNRA) earnings rose over 50% with a 10% same-store sales increase. The problem is that this matched guidance after a huge run-up and BWLD probably is not a big help right now. The company reaffirmed its prior fiscal guidance. After an $86.20 close, shares are indicated down under $84.00.
RF Micro Devices Inc. (NASDAQ: RFMD) is indicated up over 4% after it beat earnings expectations with a 51% rise in revenues. Guidance was great for the quarter: “is currently fully booked for sequential revenue growth in the June quarter and currently expects June quarterly gross margin to be consistent with March quarterly results.”
Robert Half International Inc. (NYSE: RHI) is signaling that the recruiting business is not yet back. Its quarterly profit fell by 8% as revenues also fell. Just to stay consistent, its stock also fell by about 10% to $28.25.
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