Gainers:
Allstate Corp. (ALL: Quote) gained nearly 4 percent to $35.65. The company swung to a profit in its second quarter due to lower catastrophe losses. Consolidated revenues improved 2.4 percent from the year-ago quarter.
Silicon Image, Inc. (SIMG: Quote) surged 23 percent to $4.82. The company's second quarter GAAP net loss narrowed from the year-ago quarter and also on a sequental basis. Non-GAAP earnings per share and revenue were above Wall Street view. The company also guided its third quarter revenue above the consensus estimate.
Genworth Financial Inc. (GNW: Quote) gained 6 percent to $5.34. The company reported a profit in its second quarter. Total net operating income improved both year over year and sequentially, with improvement in Global Mortgage Insurance results partly offset by declines in Insurance and Wealth Management.
Decliners:
DreamWorks Animation SKG Inc. (DWA: Quote) declined over 7 percent to $17.80. The company's second quarter profit and revenues declined from the year-ago quarter and were also below Wall Street view.
Take-Two Interactive Software Inc. (TTWO: Quote) fell 2 percent to $8.60. The company's first quarter net loss sharply widened from the previous year. Non-GAAP loss per share and net revenue were below analysts' expectations. The company noted that its quarterly results were below expectations due to lower-than-anticipated sales of Spec Ops: The Line and Max Payne 3. The company also lowered its fiscal year 2013 forecast.
McGrath Rentcorp (MGRC: Quote) decreased 10 percent to $24.00. The company's second quarter earnings declined from the same period last year, primarily reflecting lower than projected rental revenues for its tank and box rental business. Both earnings per share and revenues were below analysts' expectations. The company also reduced its 2012 full-year earnings guidance.
Career Education Corp. (CECO: Quote) declined over 18 percent to $3.84. The company slipped to a loss in its second quarter of 2012. Total revenue decreased 23.9 percent from the year-ago period. The company noted that it is facing the same stiff headwinds as others in private sector higher education.
True Religion Apparel Inc. (TRLG: Quote) fell 13 percent to $22.75. The company's second quarter profit increased slightly from the year-ago quarter and were above analysts' estimate. Total net sales increased 6.8 percent, but missed the consensus estimate. Meanwhile, the company currently anticipates its full-year results below Wall Street view.
Digital River Inc. (DRIV: Quote) fell 14 percent to $22.75. The company's second quarter non-GAAP earnings improved from the prior year period and were above analysts' projection. However, revenues declined from the quarter and were below management's guidance and also below Wall Street view. The company also expects its third quarter and full year 2012 below Wall Street view.
Polypore International Inc. (PPO: Quote) declined nearly 15 percent to $31.67. The company's second quarter earnings decreased from the same period last year and its non-GAAP earnings missed analysts' estimate. Sales also declined from the year-ago quarter, but managed to marginally surpass the consensus estimate. The company expects its 2012 second half sales and earnings to improve sequentially.
Spirit Airlines Inc. (SAVE: Quote) fell over 3 percent to $20.75. The company announced the public offering of 9.39 million shares of common stock by Oaktree Capital Management, L.P. Upon completion of this offering, investment funds affiliated with Oaktree will own no shares of company's common stock.
Array BioPharma (ARRY: Quote) declined over 9 percent to $4.64. The company announced that ARRY-797 met its primary endpoint in a Phase 2 clinical trial in 157 osteoarthritis patients suffering from moderate to severe knee pain despite the use of non-steroidal anti-inflammatory drugs. The company noted that in patients completing the trial, the reduction in WOMAC pain observed for ARRY-797 was comparable to that seen with oxycodone ER.
Trading halt:
Trading in shares of Dun & Bradstreet Corp. (DNB: Quote) was halted. There were reports that the company has put itself for sale.
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by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
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