Stocks closed deeply lower in New York, and after the bell, Advanced Micro Devices Inc (NASDAQ:AMD), the computer chip maker, followed in the same vein for a while.
The stock plunged 6% before heading higher, and are now up 2.95% to US$13.25 as its fourth quarter results beat analysts' expectations on the top and bottom lines.
AMD falls despite beating Q4 estimates https://t.co/2W2FbC6rcW
— CNBC (@CNBC) 30 January 2018
The firm also reported strong guidance. Where other companies have had to pay fees for tax reform, AMD said it received a one-time tax credit of US$18mln.
Notably, AMD shares are up over 25% in the year to date.
Elsewhere, Electronic Arts Inc (NASDAQ:EA), the video games firm, saw shares jump over 8.5% after the bell, after it reported third quarter revenue, that slightly missed expectations but reported guidance for the fourth quarter, which beat analysts' expectations.
Elsewhere, Illumina Inc (NASDAQ:ILMN) shares added 0.96% to US$243.50 after the biotech reported fourth quarter and fiscal 2017 financial results. Full year revenue was up by 17%.
Last but not least, Juniper Networks Inc (NYSE:JNPR) fell more than 8.6% in extended trading. The networking hardware company reported fourth quarter earnings of US$0.53 per share on revenue of US$1.24bn, just beating analysts' expectations of US$0.52 EPS on revenue of US$1.23bn.