Investing

5 Big Earnings Winners Making Serious Stock Gains

Earnings season is now fully underway, with dozens of companies reporting each day of the week now. Invariably, some companies tend to shine regardless of how the market or peers are indicating. Some are even standalone winners.

24/7 Wall St. has identified five key earnings winners from Tuesday night that saw a carryover effect on Wednesday morning. These are far from the only winners, but they are the ones that stood out the most among those with follow-on interest from Tuesday evening.

Broadcom Corp. (NASDAQ: BRCM) beat earnings and gave guidance that more than pleased investors. We did a full earnings summary calling it “setting an example” for peers. Broadcom was up almost 3% ahead of earnings at $37.33, and the after-hours session traded almost 400,000 shares for another 6% gain to $39.61. Shares were still indicated above $39 in the premarket session on Wednesday.

iRobot Corp. (NASDAQ: IRBT) was also up about 3% ahead of earnings at $31.61, but the after-hours gains took shares up a sharp 14% to about $36 on more than 150,000 shares. iRobot shares were still indicated way up in the wee-hours of Wednesday morning, starting at $35 X $37. While some might take issue with guidance, the earnings beat was by about $0.14 per share and the profit was up 87%.

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Six Flags Entertainment Corp. (NYSE: SIX) has seen its shares sell off handily from its 52-week highs, but the theme parks owner and operator rose almost 4% to $34.50 ahead of earnings. Then the stock rose another 9.9% to $37.94 on almost 50,000 shares in the after-hours session on Tuesday. Wednesday’s indications were still way up at $36 X $38 in the wee-hours of the morning. On top of revenue rising 7%, Six Flags also raised its dividend.

Unisys Corp. (NYSE: UIS) did not show what IBM investors were worried about in IT and consulting. It beat estimates on earnings and revenues. While there was a loss after items, non-GAAP earnings per share was $1.30, versus estimates of about $1.00 per share. The 11% revenue jump to $883 million was $40 million above estimates, sending Unisys shares up over 18% to about $23, with more than 50,000 shares in the after-hours alone.

Yahoo! Inc. (NASDAQ: YHOO) may seem like a small gain compared to the rest here, but it was significant for Marissa Mayer. Yahoo rose 2.3% to $40.18 ahead of earnings, but then shares rose 3.7% to $41.68 in the after-hours session — on more than 8 million shares after the close alone. Yahoo shares were up 3.9% at $41.75 in the early bird trading hours of Wednesday morning. The long and short of our full earnings summary: Yahoo is starting to see victory in mobile!

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