SAIC, Inc. (SAI: Quote) is gaining 7 percent to $12.90. The company's second quarter profit decreased from the previous year period. Revenues rose 10 percent and topped Wall Street view. The company raised its fiscal 2013 revenue forecast. The company also announced its plan to separate into two independent, publicly traded companies.
OmniVision Technologies, Inc. (OVTI: Quote) is up 10 percent to $17.50. The company's first quarter profit plunged from the previous year period and its non-GAAP earnings per share missed Wall Street view by a penny. Revenues declined from the year-ago quarter, but topped the consensus estimate. The company guided second quarter non-GAAP earnings per share in-line with analysts' estimate and revenues above the consensus estimate.
Splunk, Inc. (SPLK: Quote) is gaining 15 percent to $35.24. The company's second quarter GAAP net loss widened from the year-ago quarter, while its non-GAAP net loss narrowed from the same period a year earlier. Total revenue for the quarter surged 71 percent and its license revenue advanced 61 percent. The company forecast third quarter revenue above analysts' estimate. The company also raised its fiscal year 2013 guidance for revenue and non-GAAP operating margin.
Facebook, Inc. (FB: Quote) is declining nearly 2 percent to $18.75.
Zumiez, Inc. (ZUMZ: Quote) is falling 12 percent to $28.25. The company's second quarter profit declined from the prior year quarter. Total net sales increased 20.4 percent, but narrowly missed the consensus estimate. The company also forecast third quarter earnings per share below analysts' estimate, while its net sales guidance was in-line with consensus.
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by RTT Staff Writer
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