Gainers:
News Corp. (NWSA) gained 2 percent to $19.80. The company's third quarter earnings and revenue increased from the year-ago quarter and were above Wall Street view. The company also announced a $5 billion increase to its current stock repurchase program authorization.
Monster Beverage Corp. (MNST) gained over 13 percent to $74.01. The company's first quarter earnings improved 38.3 percent from the previous year period. Net sales rose 27.5 percent and topped consensus.
Tesla Motors Inc. (TSLA) advanced nearly 8 percent to $32.40. The company's first quarter loss widened from the previous year period. Revenue plunged from the year-ago quarter and also missed the consensus estimate. Meanwhile, the company announced that it expects to begin initial deliveries of Model S to the U.S. customers in June, ahead of its announced schedule of July. As a result, the company raised its bottom end of its prior 2012 revenue guidance by $10 million.
Decliners:
Cisco Systems, Inc. (CSCO) declined 8 percent to $17.24. The company's third quarter profit increased from the previous year and topped Wall Street view. Net sales rose 6.6 percent and were above the consensus estimate. However, the company guided fourth quarter non-GAAP earnings per share below analysts' expectation.
Priceline.com Inc. (PCLN) fell 3 percent to $693.50. The company's first quarter profit increased from the previous year and was above analysts' estimate. Total revenues were in-line with consensus. The company guided its second quarter non-GAAP earnings per share in-line with analysts' estimate.
Silicon Graphics International Corp. (SGI) declined 12 percent to $8.00. The company's third quarter net loss narrowed from the prior year quarter, while revenue improved 39 percent. However, the company expects to report a loss in its fourth quarter on both GAAP and non-GAAP basis, and revenues below consensus. The company also lowered its revenue guidance and currently expects to report a loss in its fiscal year 2012.
Universal Display Corp. (PANL) plunged 18 percent to $32.00. The company's first quarter net loss narrowed from the year-ago quarter. Although total revenues for the quarter increased 31 percent, they were below the consensus estimate.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.