Expedia Inc. (NASDAQ: EXPE) late Thursday said that its second-quarter profit nearly tripled, helped by a rebound in travel demand. Net income soared to $114.3 million or 40 cents a share, from $40.9 million or 14 cents a share in the year-earlier quarter. Revenue climbed to $834 million from $769.8 million in the same quarter last year. Analysts, on average, expected the company to report earnings of 42 cents per share on revenue of $845.48 million. Expedia shares rallied more than 4% in after-hours trading.
Wynn Resorts, Ltd. (NYSE: WYNN) said Thursday that its second-quarter net income jumped to $52.4 million, or 42 cents a share, from $25.5 million, or 21 cents a share, in the year-ago quarter. Revenue surged to $1 billion from $723.3. Analysts, on average, expected the company to report earnings of 42 cents per share on revenue of $992.29 million. Shares of the casino operator dropped more than 3% in extended trading.
McAfee, Inc. (NYSE: MFE) reported Thursday that its second-quarter net income surged 38% to $39.4 million, or 25 cents per share, from $28.7 million, or 18 cents a share, in the prior-year quarter. On an adjusted basis, the company earned 63 cents a share in the latest quarter. Revenue increased 4% to $489.2 million. Analysts, on average, expected the company to report earnings of 60 cents a share on revenue of $507.68 million. Shares of the company rallied more than 3% in evening trading.
First Solar Inc. (NASDAQ: FSLR) said late Thursday that its second-quarter net income dropped to $159 million, or $1.84 a share, from $180.6 million, or $2.11 a share, in the comparable quarter a year ago. Revenue grew 12% to $587.9 million from $525.9 million. Analysts, on average, expected the company to report earnings of $1.61 a share on revenue of $549 million. Looking ahead, the company boosted its 2010 earnings outlook to a range of $7.00 to $7.40 a share from its prior forecast in the range of $6.80 to $7.30 per share. It also slashed its revenue outlook to a range of $2.5 billion to $2.6 billion from its previous forecast in the range of $2.6 billion to $2.7 billion. Analysts currently expect the company to report earnings of $7.12 per share on revenue of $2.62 billion for the year.$7.10 a share for the full year. First Solar shares slumped nearly 3% in extended trading.
MEMC Electronic Materials Inc. (NYSE: WFR) reported Thursday that its second-quarter net income improved to $13.8 million, or 6 cents a share, from $1.4 million, or 1 cent a share, in the same quarter last year. Quarterly results include a non-cash benefit of 7 cents a share from the closure of the 2006 and 2007 IRS audits, and a 3-cent-a-share loss associated with the valuation adjustment of the Suntech warrants. Revenue surged 59% to $448.3 million from $282.9 million. Analysts, on average, expected the company to report earnings of 9 cents a share on revenue of $466.12 million. Looking ahead, the company the company expects to exceed previous guidance for 2010 revenue of $1.75 billion to $1.85 billion. However, the company said that is expects to to generate EPS below the previously guided range of 70 cents to 80 cents per share. expect the company to report earnings of 66 cents per share on revenue of $2.4 billion for the full year. MEMC shares tumbled more than 7% in post-market trading.
MetLife Inc. (NYSE: MET) said late Thursday that second-quarter net income climbed to $1.53 billion, or $1.84 a share, compared to a loss of $1.43 billion, or $1.74 a share, in the same quarter last year. Excluding net investment gains and losses, including gains on derivatives, operating earnings were $1 billion, or $1.23 a share, in the latest period. Premiums, fees and other revenue rose 4% to $8.68 billion. Analysts, on average, expected the company to report earnings of $1 per share on revenue of $13.05 billion.
Amgen Inc. (NASDAQ: AMGN) reported Thursday that its second-quarter net income slipped 5% to $1.2 billion, or $1.25 a share, from $1.3 billion, or $1.25, in the year-ago quarter. On an adjusted basis, the company earned $1.38 a share in the latest quarter. Revenue increased to $3.8 billion from $3.7 billion. Analysts, on average, expect the company to report earnings of $1.29 on revenue of $3.76 billion. As a result of the weaker Euro, the Company now expects revenues to be slightly below $15.1 billion versus previous guidance towards the lower end of the range of $15.1 billion to $15.5 billion. Adjusted EPS guidance remains unchanged at towards the lower end of the range of $5.05 to $5.25. Analysts currently expect the company to report earnings of $5.12 per share on revenue of $15.08 billion for fiscal 2010.
Disclosure: Author doesn't own any of the stocks discussed here.
