Market News

January 31, 2013  Thu 7:32 AM CT

Strong Earnings Not Good Enough
 
Facebook is growing quickly in the mobile-advertising segment, but not as fast as the Street had hoped. Earnings and revenue both beat expectations, but mobile sales of $306 million trailed the $350 forecast by analysts. FB drops 6 percent before the bell on my tradeMONSTER platform.

Skyworks Beats The Street

Skyworks Solutions earned $0.55 a share on revenue of $453.72 million. That beat consensus estimates of analysts who expected $0.54 and $450.67 million, respectively. Guidance was also strong, and SWKS is up 11 percent in early trading.

Strong Numbers from JDS Uniphase

JDS Uniphase earned $0.18 a share, versus the $0.14 consensus estimate. Revenue of $429.4 million also came in ahead of the $424.19 million forecast. JDSU pops 14 percent in the premarket.

Qualcomm Shares Push Higher

Qualcomm's first-quarter profit totaled $1.26 a share on revenue of $6.02 billion. Analysts had expected $1.13 of earnings, and $5.90 billion on the top line. Management also boosted its full-year outlook. QCOM rallies 7 percent in early trading.
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