Earnings, Revenue Better Than Expected
Apple earned $7.47 a share on revenue of $35.62 billion. Analysts had only expected $7.32 and $35 billion, respectively. CEO Tim Cook cited strong iPhone sales. AAPL climbs 5 percent before the opening bell on my tradeMONSTER platform.
Electronic Arts Gains on Digital Shift
Electronic Arts reported a first-quarter loss of $0.41, better than the $0.60 loss expected by analysts. Revenue missed, but grew dramatically in the key digital segment. That shows the company is managing to transition to an online selling model. EA climbs more than 5 percent in the premarket.
Top-Line Miss Sinks Broadcom
Broadcom's earnings beat, but revenue of $2.09 billion missed the $2.10 billion consensus estimate. Management also said third-quarter revenue will be no more than $2.20 billion, while analysts are looking for $2.25 billion. BRCM declines 10 percent in early trading.
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