AMD fell 4.1 percent after projecting lower sales than some analysts estimated. Nvidia sank 4.7 percent after the maker of graphics processors cut its fourth-quarter revenue outlook. Apple climbed 7.4 percent after quarterly earnings more than doubled. Illumina Inc. soared 34 percent after Roche Holding AG made a $5.7 billion hostile bid for the company.
Apple, the world's largest technology company, climbed 7.4 percent to $451.7. Net income of $13.1 billion in the period that ended Dec. 31 ranked among the highest quarterly profits on record, putting Apple in the same league as energy companies such as Exxon Mobil Corp. and Russia's Gazprom OAO, data compiled by Bloomberg show. Per-share profit of $13.87 for the period was more than Apple earned in any full year before 2010.
AMD lost 4.1 percent to $6.26 in early New York trading. The second-largest maker of processors for personal computers forecast lower sales than some analysts had estimated, hurt by supply shortages and slower demand for PCs.
Nvidia tumbled 4.7 percent to $14.24 in New York. The Santa Clara, California-based company now expects to report fourth- quarter revenue of $950 million, plus or minus 1 percent, according to a statement late yesterday. That compares with Nvidia's prediction in November for $1.066 billion, plus or minus 2 percent. Analysts in a Bloomberg survey had estimated $1.056 billion on average.
Illumina jumped 34 percent to $50.50 in New York. Roche offered about $5.7 billion in cash for Illumina to bolster cancer-drug sales, the third time since 2007 the Swiss drugmaker has made a hostile bid for a U.S. company.
Yahoo! Inc. slipped 1.5 percent to $15.45 in Germany. The largest U.S. Web portal reported fourth-quarter revenue and forecast first-quarter sales that fell short of estimates amid diminished demand for display advertising.
Fusion-io Inc. slid 12 percent to $26.83. The maker of flash-memory technology reported gross margin in the second quarter was 51.1 percent, the lowest since at least the third quarter of 2009. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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