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Etrade, Visa and RF Micro all Beat Street

Submitted by Luka Treperinas on Tue, 10/27/2009 - 17:14.
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E TRADE Financial Corporation (NASDAQ:ETFC): Q3 EPS of -$0.05 beats by $0.01. It seems at-risk delinquencies declined by 10% and provision for loan losses decreased by $57M to $347M. Shares are trading at -4.4% in After Hours, implying investors expected even better results. (more)

Visa Inc. (NYSE:V): FQ4 EPS of $0.74 beats by $0.02. Revenue of $1.9B is up +10% versus prior year of $1.7B. Visa sees 2010 revenue growth at lower end of 11-15% range and 2011 growth of more than 20%. Shares +0.3 in After Hours trading, implying investors don't care that Visa beat. (more)

RF Micro Devices, Inc. (NASDAQ:RFMD): FQ2 EPS of $0.13 beats by $0.04. Revenue of $255M is down -6% over 2008 FQ2 of $234M. Shares are trading at +4.4% in the After Hours, showing investors finally care about a company beating estimates. (more)

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