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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
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
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