Today's After-Hours Movers

Atlassian (NASDAQ: TEAM) 11% HIGHER; reported Q2 EPS of $0.37, $0.10 better than the analyst estimate of $0.27. Revenue for the quarter came in at $408.7 million versus the consensus estimate of $388.93 million. Atlassian sees Q3 2020 EPS of $0.20, versus the consensus of $0.22. Atlassian sees Q3 2020 revenue of $395-399 million, versus the consensus of $397.11 million. Atlassian sees FY2020 EPS of $1.03, versus the consensus of $1.01. Atlassian sees FY2020 revenue of $1.59-1.6 billion, versus the consensus of $1.57 billion.

Intel (NASDAQ: INTC) 6.1% HIGHER; reported Q4 EPS of $1.52, $0.27 better than the analyst estimate of $1.25. Revenue for the quarter came in at $20.2 billion versus the consensus estimate of $19.23 billion. Intel sees Q1 2020 EPS of $1.30, versus the consensus of $1.04. Intel sees Q1 2020 revenue of $19 billion, versus the consensus of $17.2 billion. Intel sees FY2020 EPS of $5.00, versus the consensus of $4.68. Intel sees FY2020 revenue of $73.5 billion, versus the consensus of $72.25 billion.

Skyworks Solutions (NASDAQ: SWKS) 3.4% LOWER; reported Q1 EPS of $1.68, $0.03 better than the analyst estimate of $1.65. Revenue for the quarter came in at $896 million versus the consensus estimate of $880.6 million. Skyworks Solutions sees Q2 2020 EPS of $1.46, versus the consensus of $1.40. Skyworks Solutions sees Q2 2020 revenue of $800-820 million, versus the consensus of $788.4 million.

Innovative Industrial Properties, Inc. (NYSE: IIPR) 3.1% LOWER; announced today that it has commenced a public offering of 2,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of its common stock. All of the shares are being sold by the Company.

Broadcom (NASDAQ: AVGO) 2.1% HIGHER; disclosed: Certain subsidiaries of Broadcom Inc. (the “Company”) have entered into two separate multi-year statement of work agreements (the “2020 SOWs”) with Apple Inc. (“Apple”). Both are for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products. The 2020 SOWs are in addition to the agreement between the Company and Apple entered into on June 9, 2019, which remains in effect with respect to the supply of specified RF components and modules to Apple (the “2019 SOW”). The 2020 SOWs, and the remaining portion of the 2019 SOW, apply to Apple products launched during the three and a half year period beginning in January 2020 (the “Covered Products”). The Company estimates that, based on past experience, and subject to the Company’s ability to satisfy its applicable contractual obligations, the 2020 SOWs and the 2019 SOW could, collectively, generate aggregate total future revenue associated with the Covered Products of approximately $15 billion for the Company.

Intuitive Surgical (NASDAQ: ISRG) 0.8% LOWER; reported Q4 EPS of $3.48, $0.10 better than the analyst estimate of $3.38. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.24 billion.

Square (NYSE: SQ) 0.7% HIGHER; Credit Suisse initiates coverage on with an Outperform rating and a price target of $84.00.