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

5/1/2012 6:02 PM ET

Gainers:

CBS Corp. (CBS: Quote) 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: Quote) gained over 12 percent to $7.16. OpenText (OTEX: Quote, 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: Quote) 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: Quote) 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: Quote) 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: Quote) 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: Quote) 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: Quote) declined 8 percent to $21.83 as its first quarter earnings per share and revenues were below Wall Street view.

OpenTable Inc. (OPEN: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
A rebound in consumer spending helped the German economy thwart recession in the first quarter of 2013, detailed data from the Federal Statistical Office revealed Friday. However, the continued fall in firms' fixed asset investment and extreme weather conditions stifled the recovery. Market research group GfK predicts further increase in consumer confidence in June. Gap Inc. Thursday after the markets closed that its first quarter profit rose 43% from last year, helped by higher sales and improved margins. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company eaffirmed its fiscal year 2013 earnings outlook, which is below analysts' current consensus estimate. After moving sharply lower at the start of trading on Thursday, stocks showed a substantial recovery attempt over the course of the trading day. The rebound came as upbeat housing data helped offset worries about the Federal Reserve. The major averages climbed well off their worst levels of the day but still ended the session in the red.
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