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
Anglo-Dutch oil giant Royal Dutch Shell plans to cut 2,200 more jobs, as the company continues to face lower oil prices, media reported Wednesday citing an emailed statement. The latest round of cuts would bring the total job cuts this year to at least 5,000 globally. In the U.K. and Ireland, the company plans to reduce staff working in exploration and production by 475. Tiffany & Co. (TIF) reported first-quarter net earnings of $87 million, or $0.69 per share compared to $105 million, or $0.81 per share, in the prior year. The company noted that its first-quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. On average,... Shares of Marks & Spencer Group plc were losing around 8 percent in the early morning trading in London, after the retailer reported lower profit in its fiscal 2016, hurt mainly by weak results at clothing & Home segment and lower UK LFL sales. Looking ahead, the company warned about profit, and said it sees a similar sales trend in fiscal 2017.
comments powered by Disqus
Follow RTT