5:45PM New York - U.S. Earnings News
After the close Google ( GOOG: chart) reported that it earned $1.07 billion or $3.38 per share up from $733.4 million from $2.36 per share, an increase of 46%. Revenue in the period increased 57% to $4.23 billion. The stock in the regular trading hours increased $6.14 to close at $639.62 and added another $3.20 in the after hours of trading.
Advanced Micro Devices ( AMD: chart) reported a loss of 396 million or 71 cents compared to $136 million or 27 cents per share. Sales in the quarter jumped $1.63 billion from $1.52 billion an increase of 23%. AMD jumped 44 cents in the regular trading hours to close at $14.55 and added in the after hours of trading to trade at $14.80.
Intuitive Surgical ( ISRG: chart) reported net income in the third quarter of $40.90 million or $1.04 per share, from $17.30 million or 45 cents per share a year ago. The revenue in the quarter increased 64% to $156.9 million from $95.80 million. The company stock surged $19.72 to close at $256.44 and added another 5% and traded at $271 in the afterhours.
SanDisk ( SNDK: chart) reported its third quarter income of $84.6 million, down 15% from $103.3 million. Earnings per share declined to 36 cents from 51 cents a year ago. Revenue in the quarter increased 38% to $1.04 billion from $751.4 million.
American Standards ( ASD: chart) reported third quarter earnings of $61.9 million compared to $150 million a year ago. Revenue in the quarter rose to $1.982 billion from $1.849 billion a year ago. On Feb. 1, American Standard Companies announced plans to separate its three businesses. Since then, the company completed the spinoff of its Vehicle Control Systems business as an independent company known as WABCO ( WBC: chart). The company also agreed to sell its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC, and expects to complete the sale on or about Oct. 31. To reflect its focus on the Air Conditioning Systems and Services business, the company plans to change its name to Trane. Air Conditioning systems and its brands including Trane generated sales of $6.8 billion in 2006. |