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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

software
Symantec shares jumped in late trading on Thursday after the software company's quarterly results topped Wall Street estimates

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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