Sprint Nextel Corp. (S: Quote) is rising 16 percent to $3.91. The company's second quarter net loss widened from the same period last year. Net operating revenues improved from the prior year and were above the consensus estimate.
Celgene Corp. (CELG: Quote) is rising 3 percent to $67.50. The company's second quarter profit and revenue surged from the year-ago quarter and were also above Wall Street view. The company also raised its fiscal 2012 earnings per share guidance.
Whole Foods Market, Inc. (WFM: Quote), Akamai Technologies, Inc. (AKAM: Quote), Western Digital Corp. (WDC: Quote) are rising following the release of their results.
Exxon Mobil Corp. (XOM: Quote) is down nearly 1 percent to $84.60. The company's second quarter profit surged from the previous year period, helped by a net gain of $7.5 billion associated with divestments and tax-related items. Total revenues and other income improved from the year-ago quarter and surpassed the consensus estimate.
Dow Chemical Co. (DOW: Quote) is falling more than 3 percent to $29.20. The company's second quarter profit declined from the year-ago quarter and missed Wall Street view. Net sales declined from the same period prior year and were also below the consensus estimate.
Boston Scientific Corp. (BSX: Quote) is down 6 percent to $5. The company slipped to a loss in its second quarter. Sales declined 7 percent and fell short of analysts' projection. The company currently expects to report a loss for the full year 2012 on a GAAP basis and also lowered its sales outlook.
Quality Systems Inc. (QSII: Quote) is falling 24 percent to $18. The company's second quarter profit declined from the same period prior year. Revenues improved 18 percent, but were below the consensus estimate. The company said it is not affirming its earlier forecast nor providing revised guidance at this time, as evolving conditions affect the industry and uncertainty in predicting future results.
Zynga Inc. (ZNGA: Quote) is plunging 40 percent to $3.02. The company slipped to a loss in its second quarter and its adjusted earnings per share missed analysts' expectation. Revenue improved 19 percent, but missed the consensus estimate. Bookings in the quarter decreased 8 percent sequentially. The company lowered its 2012 outlook citing delays in launching new games, a faster decline in existing web games due in part to a more challenging environment on the Facebook (FB: Quote) web platform, and reduced expectations for Draw Something.
Facebook, Inc. (FB) is down 6 percent to $27.63.
Strayer Education Inc. (STRA: Quote) is falling 16 percent to $76.00. The company's second quarter profit declined from the year-ago quarter and its earnings missed analysts' estimate by a penny. Revenues decreased 11 percent and were also below the consensus estimate. The company estimates third quarter earnings per share sharply below analysts' projection, based on the enrollment at Strayer University for the 2012 summer term that decreased 7 percent.
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by RTT Staff Writer
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