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The Markets
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LATE MOVERS: Symantec shares surge on the back of strong earnings results

Mellanox Technologies, the Israeli-based computer group also saw shares rise continue to rise on Thursday

Symantec Corp (NASDAQ: SYMC) shares rallied in late trading on Thursday after the software company's quarterly results topped Wall Street estimates.

Symantec shares surged 6.8% after hours, following a 1% gain to close the regular session at $21.02. The company reported fiscal third-quarter net income of $65 million, or 10 cents a share, compared with $1.34 billion, or $2.01 a share, in the year-ago period.

Pfizer Inc (NYSE:PFE), the drug giant, saw its shares jump in New York on Thursday. The company recently released fourth-quarter earnings that beat Wall Street's expectations. However, the company issued a weaker forecast for its 2019 financial results than Wall Street expected, warning that fluctuations in the US dollar are likely to affect the drugmaker’s bottom line.

Shares were up 2.9% in extended trade at US$42.45

Pfizer reported on Tuesday positive results from a late-stage study of their osteoarthritis drug, tanezumab, a non-opioid painkiller.

SeaWorld Entertainment Inc (NYSE:SEAS) submerged on reports that one of its orcas died Monday. The beleaguered marine-themed amusement park operator has faced ongoing criticism for the treatment of its killer whales in captivity.

Shares sank 2.4% to $26.05.

Advanced Micro Devices Inc (NASDAQ:AMD) shares surged after the California-based chip company reported earnings that were in line with expectations but missed on revenue. It brought in $1.42 billion, compared with the $1.44 billion analysts on Wall Street had expected. It posted weak revenue guidance for its first quarter, namely $1.25 billion, versus an estimated $1.47 billion.

The stock rose 5.7% to $24.41.

Mellanox Technologies Ltd (NASDAQ:MLNX), the Israeli-based computer group, saw shares rise continue to rise on Thursday after reports that Intel Corp (NASDAQ:INTC) has offered between $5 million and $6 million to buy the company in a cash and paper deal. The bid represents reportedly a 30% premium on Mellanox’s closing price on Nasdaq Tuesday.

Mellanox shares surged rose 6.7% to $93.41.

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