Mellanox, Skyworks, eBay: Tech Premarket
NEW YORK (TheStreet) -- Mellanox(MLNX) was the biggest winner in premarket trading on Thursday following the company's record second-quarter results, released after market close on Wednesday.
Shares of the server and storage component specialist exploded following the record top-line and bottom-line numbers. The company's shares were up 45.66% to $96.69 on Thursday.
"Mellanox surpassed the $100 million quarterly revenue milestone, generating over $133 million of revenue," noted Mellanox CEO Eyal Waldman, in a statement. Excluding items, Mellanox also brought in record earnings of 99 cents a share.
Skyworks comfortably beat Wall Street's top-line and bottom-line estimates, and also offered healthy third-quarter guidance. Investors welcomed the numbers, pushing the company's shares up 6.98% to $28.50 before market open.
"Skyworks outperformed our addressable markets last quarter and the stage is set for a strong back half of 2012," explained David Aldrich, the Skyworks CEO, in a statement released after market close on Wednesday.
eBay saw exceptional growth in its payments division, PayPal, and also added $2 billion to its share buyback program.
The tech giant's shares rose 2.52% to $193 after IBM eased past the average analysts' earnings forecast and raised its full-year guidance.
Currency pressures, however, weighed heavily on the Dow component's top line.
--Written by James Rogers in New York.
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