Gainers:
Yahoo! Inc. (YHOO: Quote) gained 0.51 percent to $15.68. The company's second quarter profit declined from the previous year period. However, non-GAAP earnings per share topped Wall Street view. Revenue excluding traffic acquisition costs were flat with prior year, but missed the consensus estimate.
VMware, Inc. (VMW: Quote) gained over 6 percent to $85.45. The company announced that Paul Maritz will be succeeded in the post as Chief Executive Officer by Pat Gelsinger. Maritz will remain a board member of VMware and will take on a new technology strategist role at EMC Corp. (EMC: Quote). VMware also announced preliminary second quarter results, with revenues up 22 percent over same period last year and above Wall Street view. EMC rose 7 percent to $24.58.
CSX Corp. (CSX: Quote) improved over 1 percent to $23.05. The company's second quarter profit increased from the same period last year and also topped the analysts' expectation. However, revenues slightly declined from the year-ago quarter and missed the consensus estimate.
Decliners:
Intel Corp. (INTC: Quote) declined nearly 1 percent to $25.14. The company's second quarter profit declined from the comparable period a year-ago. Net revenue improved from the year-ago period, but missed the consensus estimate by a whisker. The company lowered its revenue growth forecast for full-year 2012.
Rovi Corp. (ROVI: Quote) plunged 26 percent to $13.02. The company reported preliminary second quarter revenue, which is lower than the year-ago period. The company expects revenues in the consumer electronics sales vertical to decline from prior year primarily due an anticipated decline in analog content protection or ACP revenues. The company also expects non-GAAP adjusted pro forma earnings per share for the quarter sharply below Wall Street view. The company also lowered its full-year forecast. While a decline in ACP revenues was anticipated, the company noted that several other factors are expected to negatively impact its business to an extent not previously expected.
Albemarle Corp. (ALB: Quote) declined 5 percent to $54.25. The company's second quarter profit plunged from the year-ago period, although earnings per share, excluding items, topped Wall Street view by a penny. Net sales for the quarter declined from the year-ago quarter and were also below the consensus estimate.
United Rentals, Inc. (URI: Quote) fell nearly 3 percent to $33.50. The company slipped to a loss in its second quarter. Revenues improved from the year-ago period, but were below the consensus estimate.
Ralph Lauren Corp. (RL: Quote) declined 1 percent to $139.91. The company disclosed that its chief financial officer Tracey Travis will be resigning effective as of July 30, 2012, to pursue other interests. The company has appointed Robert Madore to the interim role.
VIVUS, Inc. (VVUS: Quote) declined 3 percent to $25.68. The company awaits the regulatory decision on its obesity drug Qnexa. In April, The FDA extended by three months a decision on Qnexa.
Trading halt:
Trading in shares of Books-A-Million Inc. (BAMM: Quote) was halted. The company announced that the Anderson family has withdrawn the previously announced non-binding proposal made on April 28, 2012, at $3.05 per share.
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by RTT Staff Writer
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