Skyworks Solutions and Qorvo stocks jumped in late trading Thursday, after the Apple chip suppliers guided generally ahead of views for a holiday-season quarter in which iPhone sales could be hard-pressed to meet year-earlier unit sales. Both companies — which sell chips to other smartphone makers, among other customers — also beat or met expectations for last quarter. Qorvo (QRVO) stock was up 13% following its release, while
Facebook maintained its strong momentum with third-quarter earnings that topped expectations and set a record, as daily active users surpassed 1 billion for the first time. The social media giant reported revenue of $4.5 billion, beating the consensus estimate of $4.37 billion and rising 40.6% from the same quarter a year earlier. Excluding the impact of year-over-year changes in foreign-exchange rates, total revenue would have
Amid rising popularity of alternative-lodging sites like Airbnb, travel-booking service Expedia said late Wednesday that it will acquire VRBO parent HomeAway for $3.9 billion. Expedia (EXPE) will pay $10.15 cash plus 0.2065 share for each HomeAway (AWAY) share. That was worth 37.86 at Wednesday’s close, but closer to 39 after hours. HomeAway rose 21.7% to 39 late; Expedia climbed 3.2% to 138.50. Expedia had been building its