logo
Share SHARE
FONT-SIZE Plus   Neg

After-market Movers For May 2 (V, PRU, GMCR, WFM, APKT, VCLK, WTW, MITK, NVTL)

Gainers:

Whole Foods Market, Inc. (WFM) gained 3 percent to $86.75. The company's second quarter earnings improved from the year-ago period and were above consensus. Sales increased 14 percent, and was in-line with market projection. In addition, the company raised its earnings per share forecast for fiscal 2012, which is above consensus.

Acme Packet, Inc. (APKT) rose 10 percent to $31.00. The company's first quarter profit plunged from the previous year period, but its non-GAAP earnings per share topped analysts' estimate by a penny. Total revenue also surpassed the consensus estimate.

Decliners:

Visa, Inc. (V) fell over 1 percent to $120.50. The company's second quarter profit rose 47% from the last year period. Earnings per share, excluding items, and revenues were above Wall Street view.

Green Mountain Coffee Roasters Inc. (GMCR) plunged 41 percent to $29.12. The company's second quarter earnings per share met analysts' estimate, while sales were below consensus. The company guided third quarter results below consensus. In addition, the lowered its earnings and sales guidance for 2012.

ValueClick, Inc. (VCLK) fell 16 percent to $18.03. The company's first quarter profit advanced from the year-ago quarter and was above analysts' expectation. Total revenues rose 31 percent, but missed the consensus estimate. The company guided second quarter revenue below consensus.

Weight Watchers International, Inc. (WTW) declined nearly 16 percent to $63.98 as the company first quarter earnings declined from the previous year quarter and were below Wall Street view. Revenues also missed the consensus estimate.

Prudential Financial, Inc. (PRU) declined more than 5 percent to $57.50 as the company slipped a loss in its first quarter. After-tax adjusted operating income for the Financial Services businesses declined from the prior year period.

Mitek Systems Inc. (MITK) plunged 50 percent to $2.91. The company swung to a loss in its second quarter of 2012. Revenue plummeted from the prior year period, primarily driven by the decrease in the number of licenses signed for its patented imaging software products.

Novatel Wireless Inc. (NVTL) fell 8 percent to $2.58. The company's first quarter GAAP loss widened from the previous year period. Revenue for the quarter rose 62 percent and was above consensus. The company expects to report a loss on a non-GAAP basis for the second quarter and revenues to miss consensus.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations. 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.
comments powered by Disqus
Follow RTT