Cirrus Logic, Inc. (CRUS: Quote) gained 20 percent to $35.96. The company's first quarter earnings declined from the same period last year. Revenues for the improved from the year-ago quarter, but missed the consensus estimate. However, the company guided its second quarter revenues sharply above analysts' prediction.
Vertex Pharmaceuticals Inc. (VRTX: Quote) rose 5 percent to $52.64. The company's second quarter loss narrowed from the previous year period. Total revenues jumped from the year-ago quarter, but were below the consensus estimate. Additionally, Vertex provided updates on a number of ongoing and planned trials in cystic fibrosis, hepatitis C, rheumatoid arthritis and other diseases.
Herbalife Ltd. (HLF: Quote) gained 4 percent to $54.05. The company's second quarter earnings and net sales increased from the year-ago quarter and were also above analysts' expectations. Meanwhile, the company raised its earnings per share forecast for the full year 2012.
Seagate Technology (STX: Quote) declined 8 percent to $54.05. The company's fourth quarter non-GAAP earnings per share and revenues were below Wall Street view. The company said it is disappointed not to meet its revenue and margin plan for the quarter as a result of the industry's faster recovery from the supply chain disruption and an isolated supplier issue that it experienced.
RealD Inc. (RLD: Quote) plunged 20 percent to $10.10. The company's first quarter profit plummeted from the same period prior year impacted by a $5.9 million decline in its product gross profits that resulted from a significantly reduced mix of recycled eyewear shipped to RealD-equipped theaters. Revenue improved 14 percent, but missed the consensus estimate.
Humana Inc. (HUM: Quote) fell 11 percent to $62.75. The company's second quarter profit declined from the same period last year and were below analysts' estimate. Consolidated revenues were up 4 percent, but missed the consensus estimate. The company guided third quarter earnings per share below consensus and also lowered its fiscal 2012 earnings per share guidance.
CafePress Inc. (PRSS: Quote) plunged 35 percent to $8.87. The company's second quarter GAAP net loss widened from the previous year period. Net revenues increased 26 percent from the year-ago quarter. The company said it is taking a cautious approach to its outlook for the second half of 2012 citing current political cycles and macro weakness in Europe.
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by RTT Staff Writer
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