Groupon Soars Afterhours and Scorches with Revenue Growth

Tech hardware giant Cisco just reported first quarter earnings, and the company beat expectations on both the top and bottom lines. Adjusted earnings per share came in at $0.51 per share, ahead of analysts' consensus estimate for $0.49 EPS.

By Bret Jensen:OmniVision Technologies (OVTI) reported earnings after the bell yesterday that beat on both the top and bottom lines. It also offered guidance for the next quarter that beat current projections. The company's revenues are being driven by the huge demand for the iPhone 5.

WestJet Airlines Ltd. delivered a record first-quarter result Tuesday that blew past expectations. The Calgary carrier said its net income grew 33% to $91.1-million, or 68 cents a share, in the first three months of the year compared with $68.3-million, or 49 cents a share, a year ago. Analysts had been expecting earnings of 64 cents a share, according to Bloomberg estimates.

Zacks.com submits: Harris Corp. (HRS) continues to post solid results supported by a strong demand for its tactical radio products, several government communications products, and excellent operating efficiency. Overall, analysts’ opinions also remain positive on the stock, given the company’s results.

Zacks.com submits: After the closing bell today, Oracle Corp. (ORCL) is scheduled to release its fourth quarter 2011 results. In the run up to the earnings results, we do not notice any substantial movement of analyst estimates for the quarter. Looking Back at 3Q11

Zacks.com submits: Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 fourth quarter recurring earnings of 45 cents per share, which marginally exceeded the Zacks Consensus Estimate by a penny.

Andy Zaky submits:An early analysis of Apple's Fiscal Q3 2010 seems to indicate that Apple (AAPL) is on tap to significantly beat analyst estimates yet again.

Ockham Research submits: Telecom network equipment maker Tellabs (TLAB) is enjoying the benefits of a solid quarterly report on Tuesday morning.