American Express (AXP) and Citrix (CTXS) beat earnings and revenue forecasts late Wednesday. Lam Research (LRCX) offered bullish guidance and topped profit views, while eBay's (EBAY) outlook was light.
American Express
Estimates: EPS down 22% to 97 cents with revenue falling 5.8% to $7.72 billion.
Results: Adjusted EPS of $1.24 on revenue of $7.8 billion.
Outlook: Full-year EPS forecast raised to $5.90-$6 from an earlier estimate of $5.40-$5.70. Analysts see $5.50.
Stock: Shares jumped 5.5% late after closing up 2% on the stock market today, and now look to retake their 200-day average.
Last year, the card giant and Costco (COST) announced they were ending their relationship, and in June Costco cards from American Express become invalid. New Costco cards were issued by Citigroup (C) and Visa (V).
eBay
Estimates: EPS up 2% to 44 cents with revenue rising 4% to $2.19 billion.
Results: EPS of 45 cents on revenue of $2.22 billion.
Outlook: Q4 EPS of 52-54 cents vs. consensus for 54 cents.
Stock: Shares sank 8% late after finishing 2.8% higher Wednesday. The stock broke out in July and has since climbed above buy range.
Efforts to use eBay's data to generate more revenue prompted some analysts to boost their price targets on the stock recently.
RELATED:
Facebook Flexes E-Commerce Muscle With Food, Tickets, Quotes
Citrix
Estimates: EPS up 14% to $1.19 as revenue grows 1.7% to $827.2 million.
Results: EPS of $1.32 on revenue of $841 million.
Outlook: Full-year EPS of $5.18-$5.20 vs. consensus for $5.06 and revenue of $3.4 billion-$3.41 billion vs. consensus for $3.39 billion.
Stock: Shares surged 5.2% late after finishing 1.1% higher to retake their 50-day line and are in a flat base with an 89.60 buy point.
Lam Research
Estimates: EPS to slip 2.2% to $1.78, with revenue rising 2.1% to $1.63 billion.
Results: EPS of $1.81 on revenue of $1.63 billion
Outlook: Adjusted Q2 EPS of $2.18 vs. estimate of $1.80, on revenue of $1.84 billion.
Stock: Shares edged up 1.3% late and remain in buy range, after breaking out of a flat base at 95.87 on Oct. 5 and hitting an all-time high of 102.44 on Oct. 10.
Earlier this month, Lam scuttled its proposed $10.6 billion acquisition of fellow big chip gear maker KLA-Tencor (KLAC), citing antitrust concerns
RELATED:
Lam Research Earnings Preview: No KLA Merger But Still Growth
