Stocks to Watch (AMP, CTXS, EBAY, LRCX, SDXC)
Ameriprise Financial, Inc. (NYSE: AMP) swung to a third-quarter profit of $260 million, or $1 a share. The financial services provider lost $70 million, or 32 cents a share, a year ago. Revenue rose 20% to $2 billion. Analysts had forecast Ameriprise to earn 64 cents a share.
Citrix Systems, Inc. (NASDAQ: CTXS) third-quarter net income rose to $53 million, or 29 cents a share, from $49 million, or 26 cents a share in the same period last year. Excluding special items, earnings were 43 cents a share, Citrix said. Analysts polled by Thomson Reuters had estimated Citrix would post earnings excluding items of 41 cents a share, and $400 million in revenue.
eBay Inc. (NASDAQ: EBAY) reported a drop in third-quarter earnings though revenue for the quarter came in notably higher than Wall Street's estimates. For the third quarter, eBay reported earnings of $349.7 million, or 27 cents a share, compared to earnings of $492.2 million, or 38 cents a share, for the same period last year. Revenue rose more than 5% to $2.24 billion. Analysts were expecting eBay to report earnings of 37 cents a share on revenue of $2.14 billion for the third quarter, according to consensus forecasts from Thomson Reuters.
Lam Research Corporation (NASDAQ: LRCX) reported a profit of $16.8 million, or 13 cents a share, for its quarter ended Sept. 27, compared with a profit of $8.9 million, or 7 cents a share, for the year-earlier period. Revenue was $318.55 million, down from $440.4 million, for the same period last year. Analysts had expected a loss of 8 cents a share, on revenue of $289.8 million.
Switch & Data Facilities Company, Inc. (NASDAQ: SDXC) rallied 26.39% to $18.20 after Data center services provider Equinix Inc said it planned to acquire Switch & Data Facilities Co Inc, a provider of data center and Internet exchange services, for about $689 million in cash and stock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Pre-Market Outlook Markets Trading Ideas