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Earnings Report

Sprint Shares Rally as 2Q Sales Grow

Sprint posted a wider-than-feared 2Q loss due to the shutdown of its Nextel business and a bigger-than-expected drop in contract subscribers.

Applied Materials Revenue Rises 9.9%

Applied Materials reported a 9.9% rise in quarterly revenue as chipmakers spent more on technology used to make smartphones and memory chips.

Microsoft Books Fiscal Fourth Quarter Beat

Microsoft reported a $3.2 billion quarterly net loss, hurt by charges related to its Nokia phone business and job cuts, and weak demand for its Windows operating system.

Intel Profit Declines but Forecast Tops Views

Intel Corp. said its second-quarter profit fell 3.2%, the latest fallout from a personal-computer slump that is hurting much of the chip sector. But the company also projected far better revenue and margins than analysts had expected for the third quarter, sending shares up 7.8% to $32 in after-hours trading.

Adobe Shares Fall on Weak Outlook

Adobe Systems Inc. on Tuesday gave an outlook for its coming fiscal year that was lower than Wall Street expected, pummeling the company's shares.

Red Hat Revenue Rises 13% on Software, Cloud Demand

Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a 13% rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings.

Oracle Revenue Falls, Hurt by Stronger Dollar

Oracle Corp. said revenue fell a disappointing 5% in the May quarter, hurt in part by the stronger dollar and even though the software maker continued to see growth in its cloud-based products.

Salesforce Raises Full-Year Revenue Forecast

Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters.

CAD Software Maker Autodesk's Profit Falls

Autodesk Inc, which makes computer-aided design software, reported a 32.5 percent fall in quarterly profit, hurt by an increase in operating expenses and cost of revenue.

Applied Materials Revenue Beats Estimates

Applied Materials Inc's quarterly revenue and profit beat market estimates due to increased demand for its chip equipment spares, consulting services and gear used to make display screens.

EA 4Q Sales Top Street, Shares Jump

EA posted an adjusted 4Q profit of 55 cents a share, missing estimates by two cents, however adjusted revenues rose just above Wall Street expectations.