Cree Soars (CREE)
Cree Inc. (NASDAQ: CREE) is up significantly in the early hours after beating estimates. It posted $0.38 EPS vs. $0.30 estimates; revenues rose 35% to $200 million versus $187 million estimates. At 8:57 AM EST we have shares up over 12% at $60.75 on 145,000 shares. The prior 52-week high was $60.00, the low is $16.07; average [...]
Wells Fargo Wins Bank Reports, So Far (WFC)
Wells Fargo & Co. (NYSE: WFC) is trading up, unlike the initial reaction of the other moneycenter banks that have reported. The bank reported $0.08 EPS and $23 billion in revenues versus estimates of -$0.01 EPS and revenues $22 billion. Shares were trading up about 3.1% pre-market on the news, but at 8:45 AM EST [...]
Rambus Soars on Samsung (RMBS)
Rambus Inc. (NASDAQ: RMBS) is trading up more than 10% this morning. Last night the fabless chip design and architecture company announced a $900 million settlement with Samsung. This has shares very strong and compares to a market cap of $2.23 billion before this pop. This was one of the more active and larger moves [...]
SIRIUS Cash Flow (SIRI)
SIRIUS XM Radio (NASDAQ: SIRI) is up even more than it was last night after the satellite radio monopoly said that it generated free cash flow for all of 2009 and disclosed pro forma earnings and the highest subscriber growth since Q3-2008. This is not massively different than what it had guided even at the [...]
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