News surfaced today that Google(GOOG) took a 6.3% stake in Himax Technologies'(HIMX) display subsidiary, Himax Display. This confirmed reports that Himax has long been the producer of the liquid crystal silicon chips used in Google Glass, whose rumors have allowed the stock to rise 235% this year. HIMX ended the trading day up 30%. GOOG also rose nearly 2%, making up for the losses it experienced on a disappointing earnings report Friday.
Netflix's(NFLX) second quarter earnings rose an impressive 20% from the same quarter last year, meeting analyst's expectations. However, the stock dropped 7% after hours on reports that its gain in US subscribers missed analyst expectations by about 250,000. NFLX is up over 200% this year due to two earnings toppings that sent the stock shooting up over $50 twice. Also, the company has face significant revenue increase and the backing of activist investors such as Carl Ichan.
Hasbro(HAS) released second quarter earnings with revenue falling 16% along with the trends of the rest of the games industry. Its sales for boys toys fell steeply, but the stock rallied 3.4% on future prospects for the company. HAS announced today that it has expanded relationships with Disney(DIS), allowing it to produce toys based on Star Wars and Marvel characters for another few years.
Texas Instruments (TXN) released a third quarter revenue forecast that is better than analysts reported, due to increased confidence from customers. Sources of income for the company are changing, with more income derived from analog and embedded circuits, which have a higher gross margin than wireless circuits. This shift could cause an increase in future earnings. TXN also released second quarter earnings, which showed a 9% decrease in gross revenue, but an increase in net income from $446 million to $660 million. The stock closed up 16 cents, or 0.43%. It is currently up 0.78 cents, or 2.08%, in after-hours trading.
Sources:
http://www.fool.com/investing/
http://finance.yahoo.com/news/
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