FXCM Inc. (FXCM) is up 7 percent to $11.26. The company's fourth quarter profit improved from the previous year. Earnings per share and revenue were above Wall Street view.
Vringo, Inc. (VRNG) is up 15 percent to $1.90 based on the news that the company and Innovate/Protect Inc. has entered into a definitive agreement to merge. Vringo also announced that Andrew Perlman, its President, has been named Chief Executive Officer, replacing Jonathan Medved who is stepping down.
Huntington Bancshares Inc. (HBAN) is up over 2 percent to $6.23. The company said that the Federal Reserve had no objection to its proposed capital actions included in its capital plan, which includes the potential repurchase of up to $182 million shares of common stock and the continuation of current common dividend through the first quarter of 2013.
LSI Corp. (LSI) is up 4 percent to $8.90. The company raised its first quarter guidance, citing stronger than expected hard disk drive market recovery and ramp of flash-based products.
Francesca's Holdings Corp. (FRAN) is surging 16 percent to $31.15. The company's fourth quarter profit jumped from the year-ago quarter. Net sales increased 54.6 percent. The company also guided first quarter results above Wall Street view.
Guidewire Software Inc. (GWRE) is gaining 15 percent to $29.50. The company's second quarter adjusted profit increased from the year-ago quarter, while reported profit declined from the previous year. Total revenues improved 30 percent.
Zynga Inc. (ZNGA) is up nearly 1 percent to $13.48. The company has filed a registration statement with the SEC for certain stockholders to offer up to $400 million shares of its Class A common stock.
SciClone Pharmaceuticals, Inc. (SCLN) is up 27 percent to $6.45. The company's fourth quarter profit jumped from the previous year. Revenues for the quarter increased 75 percent.
JPMorgan Chase & Co. (JPM) is adding an incremental 0.44 percent to $43.58 after rising over 7 percent on Tuesday in reaction to its announcement that its board has authorized a new $15 billion equity repurchase program, replacing the prior $15 billion program that had about $6.05 billion of remaining authorization. The company also raised quarterly dividend of $0.30 per share on common stock.
Apple Inc. (AAPL) is gaining 1 percent to $574.72.
Citigroup Inc. (C) is falling nearly 4 percent to $35.05 amidst the news that is it among the list of banks that have failed the U.S. Federal Reserve's stress test. The other banks which fell short by at least one measure, include SunTrust Banks Inc. (STI), which is down nearly 5 percent to $21.51 and MetLife Inc. (MET), which is down 4 percent to $37.75.
Goldman Sachs Group, Inc. (GS) is down 0.14 percent to $124.36. Greg Smith, who was head of the company's United States equity derivatives business in Europe, the Middle East and Africa, has reportedly resigned from the company. He has reportedly said that clients' interests were sidelined in how the firm operated and thought about making money.
Penson Worldwide, Inc. (PNSN) is down 5 percent to $1.20. The company's fourth quarter net loss widened sharply from the year-ago quarter. Net revenues also plunged from the previouss year period. The company also announced a preliminary agreement to reduce corporate debt.
by RTT Staff Writer
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