Dell rose in Thursday’s after hours session after it reported that its first quarter revenues rose 21% year-over-year to $14.9 billion. On a non-GAAP basis, the company reported earnings of 30 cents per share, higher than 25 cents per share last year. Analysts estimated earnings of 27 cents per share on revenues of $14.27 billion.
Bunge may also gain ground after it announced that its board has approved a 9.5% increase in its regular quarterly cash divided to 21 cents per share.
Foot Locker also advanced in Thursday’s after hours session after it reported that its first quarter earnings rose to 34 cents per share from 20 cents per share in the year-ago period. Sales rose 5.3% to $1.28 billion. The results were ahead of Street expectations.
However, teen apparel retailers reacted negatively to their earnings announcement. Pacific Sunwear (PSUN) reported a first quarter loss of 47 cents per share, wider than the loss of 13 cents per share last year. On a non-GAAP basis, the company reported a loss of 30 cents per share, narrower than the consensus estimate for a loss of 36 cents per share. Net sales fell to $190.31 million from the year-ago’s $223.47 million but exceeded the $185.77 million consensus estimate. For the second quarter, the company expects a loss of 22-28 cents per share, while analysts estimate a loss of 17 cents per share.
Aeropostale’s first quarter net sales rose 14% to $463.6 million. The company’s earnings rose to 48 cents per share from 31 cents per share last year. Analysts estimated earnings of 46 cents per share on revenues of $463.67 million. For the second quarter, the company estimates earnings of 45-48 cents per share. The consensus estimates call for earnings of 47 cents per share.
Gaps said its first quarter earnings rose 45% to 45 cents per share and its net sales rose 6% to $3.33 billion. The results were ahead of estimates The company upwardly revised its 2010 earnings per share guidance to $1.77-$1.82 from its earlier estimate of $1.70-$1.75, while analysts estimate earnings of $1.84 per share.
Marvell Technology showed moderate strength in Thursday’s after hours session after it reported first quarter net revenues of $856 million, up 64% year-over-year. The company’s non-GAAP net income rose to 38 cents per share from 5 cents per share last year. Analysts estimated earnings of 37 cents per share on revenues of $845.29 million.
Salesforce.com receded sharply in Thursday’s after hours session after it forecast second quarter revenues of $381 million to $383 million and non-GAAP earnings to 26-27 cents per share. Analysts estimate earnings of 31 cents per share on revenues of $367.86 million. The company raised its 2011 revenue guidance to $1.55 billion to $1.56 billion and it expects non-GAAP earnings of $1.13-$1.15. The consensus estimates call for earnings of $1.28 per share on revenues of $1.54 billion. The company reported first quarter revenues of $376.8 million, up 24% year-over-year, and non-GAAP earnings of 30 cents per share, up 7% year-over-year. Revenues exceeded the $367.86 million consensus estimate, while the earnings were in line with estimates.
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