Gainers:
Microsoft Corp. (MSFT) gained nearly 3 percent to $31.90. The company's third quarter profit declined from the previous year period, but were above Wall Street view. Revenue rose 6 percent and topped analysts' estimate.
Capital One Financial Corp. (COF) gained 2 percent to $55.03. The company's first quarter profit improved from the previous year, boosted by ING Direct bargain purchase gain. Total revenue for the quarter rose 22 percent.
Advanced Micro Devices, Inc. (AMD) rose nearly 2 percent to $8.11. The company slipped to a loss in its first quarter. However, non-GAAP earnings jumped from the year-ago quarter and were above Wall Street view. Net revenues declined 2 percent, but breezed past analysts' expectation.
Decliners:
SanDisk Corp. (SNDK) declined 6 percent to $38.02 as the company's first quarter profit and revenue declined from the year-ago quarter and also were below Wall Street view. The company noted that its first quarter results were adversely impacted by lower-than-expected pricing and demand weakness in certain segments, and also expects similar trends in the second quarter as well.
Riverbed Technology, Inc. (RVBD) plunged over 17 percent to $22.95. The company's first quarter GAAP profit declined sharply from the prior year period, while non-GAAP earnings per share met analysts' estimate. Revenue increased 12 percent, but were below consensus.
Extreme Networks Inc. (EXTR) declined 13 percent to $3.74. The company lowered its forecast for the third quarter and currently anticipates results to fall short of Wall Street view. The company said revenue is lower than expected due to sales execution issues, lower mobility service provider sales, and macro economic conditions.
Tempur Pedic International Inc. (TPX) fell 12 percent to $73.65. The company confirmed its full year 2012 guidance for net sales and earnings per share, but are below Wall Street view. Meanwhile, the company's first quarter profit increased from prior year and were above analysts' estimate. Net sales increased 18 percent, but were below consensus.
Cepheid (CPHD) fell nearly 11 percent to $36.27. The company slipped to a loss in its first quarter. Revenues improved 28 percent, but were below consensus. In addition, the company lowered its earnings guidance for the fiscal year ending December 31, 2012.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.