Stock Popping on Beat Estimates ( COHR, CRUS, INFA )

Los Angelas, CA -- (SBWIRE) -- 01/28/2013 -- Shares of Coherent (NASDAQ:OSK) are up about 10% in early trading after releasing earnings that beat the Street's expectations. The market shrugged off another sequential (and year-over-year) slide in revenue, which is down to $183.2 million against $182 million expected by analysts. This was about 4% lower than the year-ago quarter. Why was this weakness shrugged off? Coherent's done a solid job holding earnings per share steady during this time, as the $0.73 in reported EPS was $0.02 higher than the consensus. Low expectations led to a bounce in this case, even though the company's year-ago quarter EPS was significantly better on both an adjusted and a GAAP basis. Coherent earned itself an upgrade to "buy" status from Noble Financial as a result of the EPS beat, with a new price ceiling about 10% higher than the current post-pop price. Coherent could also be set for longer-term growth as a result of the acquisitions of two small laser manufacturers in the just-reported quarter. Coherent's P/E has been hovering around its current level for nearly two years, so it's neither especially cheap nor particularly expensive.

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Cirrus Logic (NASDAQ:CRUS) have rebounded after tanking yesterday, enjoying gains as high as 13% today after reporting earnings. The last day plunge was related to Apple's earnings, since the iPhone maker is Cirrus Logic's largest customer and investors were disappointed in iPhone sales. That fear was misplaced, as revenue in the fourth quarter skyrocketed 153% to $310 million, shattering the consensus estimate of $285 million. The top line similarly crushed forecasts, with the $1.64 per share profit blowing past the Street's best guesses of $1.41 per share. The company expects the current quarter to see sales of $200 million to $220 million, with gross margin of 50% to 52%. That top line outlook represents 80% growth from a year prior, which, while less than the growth it just posted, is nothing for investors to complain about.

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Shares of Informatica (NASDAQ:INFA) have popped today by greater than 20% following an upbeat earnings release. Revenue in the fourth quarter totaled $234.7 million, bringing the company to record annual sales of $811.6 million. Adjusted earnings per share came in at $0.41. Both figures topped consensus estimates, which called for $217.3 million in sales and $0.37 per share in profit. CEO Sohaib Abbasi said the company is trying to improve its operating performance by effectively scaling the business while tapping into new opportunities in big data and cloud computing. Informatica continues to try and improve its performance in Europe, despite tough macroeconomic conditions. Guidance was also strong, with first-quarter sales expected to be in the range of $196 million to $206 million, compared to expectations of $197.1 million.

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