After-Hours Recap: All You Need To Know About Earnings And Indexes Near All-Time Highs

Markets rose slightly on Wednesday, taking the Dow and S&P 500 very close to all-time highs. The banking and energy segments were the most benefited from the recuperating oil prices, which rose more than 3.15 percent today.

The S&P 500 Index closed up 0.08 percent, with Discover Financial Services DFS, up 8.14 percent on its earnings, and Chesapeake Energy Corporation CHK, up 4.82 percent on rising oil prices, having posted the largest gains.

The Dow Jones Industrial Average gained 0.24 percent. Among the largest gainers were Goldman Sachs Group Inc GS and UnitedHealth Group Inc UNH.

The Nasdaq 100 Index surged 0.16 percent, driven by gains at Viacom, Inc. VIAB and Western Digital Corp WDC.

Earnings

Shares of The Coca-Cola Co KO lost 4.79 percent on Wednesday, after the announcement of its first quarter financial results. While EPS of $0.45 beat consensus estimates by $0.01, and revenue of $10.28 billion was in-line with expectations, shipment volumes for sodas and other products were quite weak.

QUALCOMM, Inc. QCOM, which posted second quarter EPS of $1.04, $0.08 above consensus, on revenue of $5.54B, which also came in $200 million ahead of expectations. Shares were trading up 0.3 percent in the after-hours session, somewhat held back by the mixed guidance management provided for the third quarter. The company projects revenue of $5.2 billion to $6 to and EPS of $0.90 to $1.00, versus consensus expectations for $5.56 billion and $1.02.

Shares of Yum! Brands, Inc. YUM rose more than 4 percent after the bell rang, driven by the company’s first quarter financial results. Although revenue of $2.62 billion, flat year-over-year, missed estimates by $40 million, EPS of $0.95 came in $0.12 above the Street’s consensus. China restaurant sales rose 6 percent over the quarter.

Wednesday was filled with other major earnings calls:

F5 Networks, Inc. FFIV reported earnings of $1.68 per share, $0.05 above the Street’s consensus. Revenue of $483.68 million came in below expectations for $485.39 million. However, shares were up more than 3 percent in after-hours.

Las Vegas Sands Corp. LVS was down more than 4 percent after the market closed, after the company posted earnings of $ 0.45 per share, well below the Street’s consensus of $0.61 per share. Revenue of $2.716 billion also came in under expectations for $ 2.881 billion.

American Express Company AXP delivered earnings of $1.45 per share, $0.09 above the Street’s consensus. Revenue of $8.008 billion was in line with expectations for $8.004 billion. Shares were up 3.4 percent.

EMC Corporation EMC retrieved earnings of $ 0.31 per share, missing the Street’s consensus by $0.01. Revenue of $5.475 billion also fell short of expectations for $5.603 billion. However, to stock rose 2.97 percent on Wednesday trading, after CEO Joe Tucci assured that the deal to be taken private by Dell for roughly $67 billion is still on track, and should be completed by October.

Among the stocks moving in after-hours on the back of their earnings calls:

• United Continental Holdings Inc UAL, down more than 2.5 percent
• Tractor Supply Company TSCO, up more than 6 percent
• United Rentals, down almost 6 percent
• Mattel, down 6 percent
• Citrix Systems, up 5.25 percent
• Kinder Morgan, down almost 3 percent
• Mellanox Technologies, Ltd. MLNX, down more than 4.3 percent

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.