Following the second quadruple-digit drop in the Dow for the past week, Q4 earnings reports released after the bell has provided somewhat of a bounce-back for stocks that outperformed. A huge number of late earnings are hitting the tape; here are some of the highlights:
One of the biggest tech plays of 2017, NVIDIA (NASDAQ:NVDA) , keeps the good news coming with a major beat on top- and bottom-lines after Thursday’s closing bell. Shares are up 11% following 80% growth in earnings to $1.78 per share, far in front of the $1.16 per share expected. Revenues in the quarter, themselves up 34% year over year, posted $2.91 billion, well ahead of the $2.67 billion we had anticipated. For more on NVDA’s earnings, click here.
Cybersecurity growth play FireEye (NASDAQ:FEYE) is performing even stronger in the late session, up 13%, following its quarterly swing to a positive earnings figure of a penny per share from the -$0.01 per share expected. Revenues of $202.3 million topped the $193.6 million in the Zacks consensus, up 10% year over year. For more on FEYE’s earnings, click here.
Even Activision (NASDAQ:ATVI) , which only just met estimates of 94 cents in its just-reported quarter on revenues of $2.64 billion above the $2.61 billion expected, is up more than 3% in after-market trading. The video game giant posted a record number of total bookings in the quarter, and raised guidance for next quarter and full-year 2018. For more on ATVI’s earnings, click here.
Footwear retailer Skechers (NYSE:SKX) is also seeing a bounce to its share price — up 4.7% after hours — following the company’s big beat on top- and bottom-lines: 21 cents per share easily outpaced the 13 cents expected, and sales in the quarter of $970.6 million zoomed past the $879.7 million expected, for a 27% gain year over year. For more on SKX’s earnings, click here.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp (NYSE:FMC). and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
FireEye, Inc. (FEYE): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Activision Blizzard, Inc (ATVI): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Original post
Zacks Investment Research