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

Gainers:

GEO Group, Inc. (GEO: Quote) 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: Quote) 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: Quote) rose 1 percent to $2.51.

Decliners:

Netflix, Inc. (NFLX: Quote) 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: Quote) 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: Quote) 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
Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life. Abercrombie & Fitch said it would stop hiring store employees based on their body type or physical attractiveness, and that its events, including store openings, will no longer have the presence of shirtless models.
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