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After-market Movers For Dec 6 (NFLX, ZNGA, GEO, BAGL, AMRN, CMTL)

Gainers:

GEO Group, Inc. (GEO) gained over 6 percent to $31.30. The company announced that its board approved all necessary steps, including the divestiture of certain health care assets, that will prepare it to position itself to operate as a REIT starting January 1, 2013. The company also announced a special dividend of $5.68 per share of common stock.

Einstein Noah Restaurant Group, Inc. (BAGL) rose nearly 4 percent to $16.37. The company announced that its board has completed the strategic alternatives review process by recapitalizing the company and declaring a one-time special dividend to shareholders of $4.00 per share.

Zynga Inc. (ZNGA) rose 1 percent to $2.51.

Decliners:

Netflix, Inc. (NFLX) declined over 1 percent to $85.01. Netflix disclosed receipt of a Wells Notice from the SEC Staff on recommending to the SEC to bring a civil action for violations of fair disclosure related to statement chief executive Reed Hastings had posted in Facebook in July about the 1 billion hour service usage.

Amarin Corporation plc (AMRN) plunged over 21 percent to $9.39. The company announced $100 million non-equity financing through a hybrid debt-like instrument. The company also noted that it is continuing to assess strategic options.

Comtech Telecommunications Corp. (CMTL) fell over 12 percent to $22.58. The company's first quarter earnings decreased from the same period a year earlier. Net sales declined from the year-ago quarter due to lower net sales in mobile data communications segment. The company warned on its second quarter results and also lowered its fiscal 2013 forecast.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock. Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
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