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Google, Anardarko Petroleum and Sanmina Corp - AFTER HOURS

What moved the dial last night in New York?..Proactive has the answers..
Google, Anardarko Petroleum and Sanmina Corp - AFTER HOURS
Alphabet owns YouTube as well as Google

After hours trade as expected was dominated by the eagerly awaited results from Google parent company Alphabet (NASDAQ:GOOGL), which showed a fall in profit for the second quarter.

Shares tumbled over 3% in extended hours in New York, despite the group unveiling an impressive 21% jump in revenue.

Alphabet, which also owns video streaming service YouTube, said it made $3.5bn in net income on sales of $26bn, which beat consensus estimates on both scores.

But  the profit would have been higher but for the  record $2.7bn EU competition fine.

 

Big oil was also back in focus as the US crude price firmed and Anardarko  Petroleum (NYSE:APC) shares plunged over 4% in after hours trade after its second quarter numbers failed to impress the market.

Elsewhere, Sanmina Corp (NASDAQ:SANM) saw shares plunge 9.89% after hours after the electronic gadget manufacturer missed analysts' estimates on its second quarter results.

Revenue for the three months to end June rose to $1.71bn,  and EPS (earnings per share) came in at 74 cents, excluding some costs, but scribes had penciled ion $1.74bn in revenue and 74 cents a share in net income.

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