Yahoo! Inc. (YHOO: Quote) is gaining 2 percent to $15.94. The company announced that it has appointed Marissa Mayer as its president, chief executive and a member of the board, effective July 17. Most recently, Mayer was responsible for Local, Maps, and Location Services for Google (GOOG).
Goldman Sachs Group, Inc. (GS: Quote) is rising more than 2 percent to $99.90. The company's second quarter profit and net revenues declined from the year-ago period, but were sharply above Wall Street view.
Coca-Cola Company (KO: Quote) is up 1 percent to $77.40. The company's non-GAAP earnings for the second quarter improved from the comparable period a year-ago, and were also above Wall Street view. Net operating revenues rose 3 percent and topped the consensus estimate.
Mattel, Inc. (MAT: Quote) is rising 6 percent to $33.00. The company's second quarter profit improved from the previous year period and were above Wall Street view. Revenues also came in above the consensus estimate.
Digital Generation, Inc. (DGIT: Quote) is rising over 22 percent to $11.80. The company announced plans to explore a number of strategic options, including sale. DG has engaged Goldman, Sachs and Co. in conjunction with the exploration of strategic alternatives.
Johnson & Johnson (JNJ: Quote) is down 1 percent to $67.55. The company's second quarter profit declined from the previous year period, although adjusted earnings per share topped estimates by a penny. Sales for the quarter declined from the year-ago period and also missed the consensus estimate. The company also lowered its full-year adjusted earnings per share guidance range, which is below analysts' expectation.
Alcatel Lucent (ALU: Quote) is falling 17 percent to $1.13. The company announced that it expects an operating loss, excluding certain items, in its second quarter. The company noted that it now expects revenue to be lower than the previous year period, reflecting slower than expected business mix improvement.
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by RTT Staff Writer
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