Gainers:
International Business Machines Corp. (IBM: Quote) gained over 2 percent to $192.35. The company's second quarter earnings improved from the previous year and its operating earnings per share were above Wall Street view. However, revenues dropped 3 percent and fell short of the consensus estimate. The company also raised its expectations for full-year 2012 earnings.
eBay Inc. (EBAY: Quote) gained nearly 6 percent to $42.81. The company's second quarter profit more than doubled from the year-ago period and its adjusted earnings per share topped analysts' estimate by a penny. Net revenues increased 23 percent and were above the consensus estimate. However, the company provided a weak forecast for its third quarter.
QUALCOMM, Inc. (QCOM: Quote) rose 6 percent to $59.43. The company's third quarter profit increased from the same period prior year, although its adjusted earnings per share missed estimate by a penny. Total revenues were below the consensus estimate. The company also guided its fourth quarter results below analysts' expectations.
Select Comfort Corp. (SCSS: Quote) gained 16 percent to $25.22. The company's second quarter profit improved from the year-ago period and topped Wall Street view. Total revenues rose 27 percent and were above the consensus estimate. The company raised its earnings guidance for the full-year 2012.
Skyworks Solutions Inc. (SWKS: Quote) improved 11 percent to $29.56. The company's third quarter profit declined from the prior year period, although its adjusted earnings per share topped Wall Street view by a penny. Net revenue for the quarter grew 9 percent and were above the consensus estimate.
Decliners:
American Express Co. (AXP: Quote) declined 1 percent to $57.70. The company's second quarter profit increased slightly from the year-ago period. Total revenues net of interest expense rose 5 percent, but missed the consensus estimate.
Diana Containerships Inc. (DCIX: Quote) fell 14 percent to $6.18. The company announced that it intends to offer and sell 8.10 million of its common shares in public offering.
Trading halt:
Trading in shares of Mellanox Technologies, Ltd. (MLNX: Quote) was halted. The company's second quarter profit and revenues surged from the previous year period and also topped Wall Street prediction.
Trading in shares of Ignite Restaurant Group, Inc. (IRG: Quote) was halted. The company announced that it is necessary to correct non-cash related errors related to its accounting treatment of certain leases. The company will restate its previously issued financial statements for years 2009 through 2011 and for the first quarter of 2012.
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by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
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