Google (GOOG) declined in Thursday’s after hours session after it reported that its second quarter total revenues rose 24% year-over-year to $6.82 billion. Excluding traffic acquisition costs, the company reported revenues of $5.09 billion. The company’s non-GAAP earnings rose to $6.45 per share from $5.36 per share last year. Analysts estimated earnings of $6.52 per share on revenues of $4.99 billion.
Goldman Sachs (GS) may react to its announcement that it has reached a settlement agreement with the SEC over claims of securities fraud linked to its mortgage investments. Under the settlement, Goldman will pay $300 million in fines to the Treasury Department and about $250 million as restitution to investors.
JB Hunt (JBHT) could see some activity after it reported that its second quarter revenues rose 22% to $943 million and said its earnings rose to 40 cents per share from adjusted earnings of 23 cents per share last year. Analysts estimated earnings of 36 cents per share on revenues of $911.62 million.
Polycom (PLCM) is also expected to move in reaction to its announcement that its second quarter net revenues rose to $295 million from $231 million in the year-ago quarter. The company’s non-GAAP earnings rose to 34 cents per share from 29 cents per share last year. The consensus estimates had called for earnings of 32 cents per share on revenues of $287.54 million.
Arthur J. Gallagher (AJG) may see some strength after it said it has entered into a $500 million unsecured credit facility that runs through July 14th, 2014. The company also said it may request an additional $100 million of funding capacity within the facility.
Valmont (VMI) is also likely to be in focus after it said its second quarter sales fell to $481.6 million from $498.8 million last year. The company’s earnings fell to 65 cents per share from $1.69 per share last year. The consensus estimates had called for earnings of $1.08 per share on revenues of $456.84 million. Analysts’ estimates typically exclude one-time items. The company said its expects its adjusted earnings for 2010 to show a decline from the year-ago period due to a slower pace of incoming orders and lower margins in its utility support structures segment.
Advanced Micro Devices (AMD) may move in reaction to its announcement that its second quarter revenues rose to $1.65 billion from $1.57 billion last year. On a non-GAAP basis, the company reported a profit of 11 cents per share compared to a loss of 37 cents per share last year. The consensus estimates had called for earnings of 6 cents per share on revenues of $1.55 billion. The company expects sequential growth in its third quarter revenues, while analysts estimate revenues of $1.66 billion.
Apple (AAPL) could see some activity after reports suggested that it will hold a press conference to discuss about problems related to the antenna and reception of its iPhone 4.
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