Mobileiron Inc (NASDAQ:MOBL) (The Motlety Fool)
What happened: Shares of mobile information technology platform company MobileIron (NASDAQ:MOBL) jumped as much as 26.3% on Friday, following the company’s fourth-quarter earnings release. The stock is up 18% at 12:40 p.m. EST. The stock’s run-up on Friday is likely because MobileIron’s fourth-quarter results were better than expected for both its top and bottom lines. In addition, MobileIron’s record fourth-quarter revenue and billings were both well above its guidance going into the quarter.
Expedia Inc (NASDAQ:EXPE) (MarketWatch)
Shares of online travel service Expedia Inc. EXPE, -19.06% tumbled 17% in premarket trade Friday, after Benchmark downgraded the stock to hold from buy after disappointing earnings. “We were concerned after the management transition that the apparent inventory war brewing between Priceline (PCLN:Buy) and Expedia would weigh on the space similar to what happened in China with Qunar,” analyst Daniel Kurnos wrote in a note. “However, we believed management had taken their lumps in the initial guidance, which, unfortunately, proved not to be the case.”
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) (Benzinga)
Sierra Wireless, Inc. (USA) tumbled 16.3 percent to $15.32. Sierra Wireless reported Q4 earnings of $0.28 per share on sales of $183.5 million. The company issued a weak earnings forecast for the current quarter.
NVIDIA Corporation (NASDAQ:NVDA) (CNBC)
Nvidia shares are rising as Wall Street is growing more optimistic on the company’s opportunities in key growth markets. The chipmaker reported better-than-expected fiscal fourth-quarter earnings and guidance Thursday. Nvidia’s biggest business segment, gaming, produced $1.74 billion in revenue, above the FactSet estimate of $1.54 billion. The second largest area, data center, came up with $606 million in revenue, above the consensus estimate of $552.1 million. Nvidia shares are up 2 percent Friday. The stock rose despite a troubling overall market environment right now that saw the Dow Jones industrial average drop more the 1,000 points twice this week.