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After-market Movers For Aug 1-FSLR, GMCR, ELLI, YELP, ORCL, HALO, ZUMZ, ANF, WTW

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

First Solar, Inc. (FSLR) surged 20 percent to $17.80. The company's second quarter profit soared 82 percent from the year-ago quarter. Both earnings per share and net sales were above Wall Street view. The company also raised its full-year forecast.

Green Mountain Coffee Roasters Inc. (GMCR) was up 13 percent to $20.32. The company's third quarter profit improved from the prior year period and its non-GAAP earnings per share topped analysts' expectation. Net sales for the quarter rose 21 percent, but missed the consensus estimate. The company guided its fourth quarter results below estimates, while it lowered its fiscal year 2012 outlook.

United Online, Inc. (UNTD) gained 7 percent to $4.50. The company plans to separate into two independent, publicly-traded companies. As part of the separation, FTD will become a separate, publicly-traded company, which will include the domestic and international operations of its FTD segment. In addition, the company is reviewing strategic options for its Content & Media and Communications businesses.

Ellie Mae Inc. (ELLI) rose 21 percent to $23.60. The company swung to a profit in its second quarter and its adjusted earnings per share were above analysts' projection. The company guided its third quarter results above consensus, while raising its fiscal year 2012 outlook.

Yelp Inc. (YELP) improved 13 percent to $21.30. The company's second quarter net loss widened from the same period prior year. Total revenues increased from the year-ago period and topped the consensus estimate. The company forecast third quarter revenues above estimate, while boosting its full-year 2012 revenue guidance.

Decliners:

Oracle Corp. (ORCL) fell 0.82 percent to $30.07 based on the news that the Superior Court of the State of California, Santa Clara County, has ruled in favor of HP (HPQ) in Itanium litigation. Oracle responded that it plans to appeal the Court's ruling.

Boston Beer Co. Inc. (SAM) declined 8 percent to $98.26. The company's second quarter profit nearly halved from the year-ago period. Revenues rose 10 percent, but missed the consensus estimate. The company reaffirmed its full-year earnings per share guidance, with only its top end of the range to meet the consensus estimate.

Halozyme Therapeutics, Inc. (HALO) plunged 55 percent to $3.85 based on the news that the FDA has issued a complete response letter for Baxter's (BAX) HyQ Biologics License Application. HyQ is an investigational product that includes plasma-derived Immune Globulin 10% and Halozyme's rHuPH20 for subcutaneous administration in patients with primary immunodeficiency disease. BAX fell 0.56 percent to $58.30.

Zumiez Inc. (ZUMZ) declined 11 percent to $31.90. The company's total net sales for July increased 21.5 percent, while its comparable store sales increased 7.5 percent. The company's second quarter comparable store sales increased 9.5 percent.

Abercrombie & Fitch Co. (ANF) fell over 15 percent to $28.65. The company expects its second quarter earnings per share well below Wall Street view. Net sales for the quarter increased 4 percent, but fell shy of estimate. Comparable store sales for the quarter were down 10 percent. Meanwhile, the company lowered its fiscal year 2012 earnings guidance.

Weight Watchers International, Inc. (WTW) fell over 14 percent to $41.62. The company's second quarter profit decreased 10.9 percent from the year-ago quarter. Earnings per share were in-line with Wall Street view, while revenues missed the consensus estimate. The company said it is taking a more cautious view of its business for the second half of the year in light of difficult macro-economic trends, particularly in consumer sentiment. The company also lowered its full-year 2012 earnings outlook.

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