Microstrategy Inc. (Nasdaq: MSTR) shares vaulted 18.6 percent to $110.32, on volume of 395,309 shares, or better than four times its daily average. The software maker reported third-quarter revenue of $139.11 million, up 32 percent from $105.8 million in the same quarter a year earlier. Net income was $17.9 million, or $1.60 per share, compared to $20.5 million, or $1.66 per share in the year-ago period.
YAHOO Inc. (Nasdaq: YHOO) traded in 16.7 million shares Wednesday, very nearly catching its full-day average of 16.9 million. Share prices for YHOO fell three percent to $15.53, after the company’s first-quarter sales outlook missed analysts’ estimates, dragged down by early results from its search agreement with Microsoft Corp.
RF Micro Devices Inc. (Nasdaq: RFMD) shares declined 9.3 percent to $6.95. Volume for the stock was 12.1 million, nearly double its full-day average, after the manufacturer of chips for wireless phones late Tuesday reported third-quarter sales that came in shy of forecasts.