logo
Share SHARE
FONT-SIZE Plus   Neg

After-market Movers For May 1- CHK, BRCM, CBS, TRIP, GNW, PEET, ESIC, RATE, OPEN

Gainers:

CBS Corp. (CBS) gained 3 percent to $34.40. The company's first quarter profit jumped from the year-ago period and was above Wall Street view. Revenues advanced 12 percent, and were above the consensus estimate.

EasyLink Services International Corp. (ESIC) gained over 12 percent to $7.16. OpenText (OTEX, OTC.TO) has agreed to acquire the company for $7.25 per share in cash. OTEX fell more than 3 percent to $51.45.

Tripadvisor Inc. (TRIP) rose 15 percent to $42.01. The company's first quarter profit increased from the prior year period and was above Wall Street view. Revenue improved 23 percent and was above consensus.

Genworth Financial Inc. (GNW) rose 4 percent to $6.42. The company's first quarter profit and revenues declined from the year-ago quarter. The company also announced that its chairman and chief executive officer Michael Fraizer has resigned. The company has named Martin Klein acting chief executive officer and James Riepe non-executive chairman of the board.

Decliners:

Chesapeake Energy Corp. (CHK) fell 6 percent to $18.42. The company's adjusted earnings plunged from the previous year period and were below analysts' estimate. On a GAAP basis, quarterly loss narrowed from the year-ago quarter.

Broadcom Corp. (BRCM) declined 1 percent to $36.34. The company's first quarter profit declined from the year-ago quarter, but was above Wall street view. Total net revenue improved 0.6 percent, and was slightly above consensus.

Peet's Coffee & Tea, Inc. (PEET) fell more than 4 percent to $72.02. The company's first quarter earnings declined from the year-ago quarter and were below Wall Street view. Net revenue increased 7 percent, but missed the consensus estimate.

Bankrate, Inc. (RATE) declined 8 percent to $21.83 as its first quarter earnings per share and revenues were below Wall Street view.

OpenTable Inc. (OPEN) plunged over 14 percent to $37.35. The company's first quarter earnings increased from the year-ago quarter and were above analysts' expectation. Revenues rose 17 percent, but were slightly below consensus. In addition, the company guided second quarter and 2012 revenues below consensus.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Tata Steel UK announced that it has reached deal with the trade unions regarding a proposal to close the British Steel Pension Scheme to future accrual. The company also guaranteed investments and employment. The company said it will next week start consultation with its employees regarding the pension scheme closure. Instead, employees would be offered a competitive defined contribution scheme. Philip Morris International Inc. has filed an application with the U.S. Food and Drug Administration to market a new type of cigarette that holds potentially less health risks than conventional cigarettes. The new type of cigarette electronically heats tobacco to produce a vapor without burning it, making it less harmful. Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue.
comments powered by Disqus
Follow RTT