Amazon.com, Inc. (AMZN) gained over 7 percent to $279.50. The company's fourth quarter profit declined from the year-ago quarter and was below Wall Street view. Net sales increased 22 percent, but missed the consensus estimate. The company forecast its first quarter sales to grow between 14 percent and 26 percent.
Chesapeake Energy Corp. (CHK) gained nearly 8 percent to $20.47 following its announcement that its co-founder, chief executive and president, Aubrey McClendon, has agreed to retire from the company on April 1, 2013. Meanwhile, the company noted that its extensive review of alleged conflicts of interest and other matters involving McClendon has to date found no improper conduct.
Unisys Corp. (UIS) rose 11 percent to $21.10. The company's fourth quarter profit declined from then year-ago quarter, but was above Wall Street view. Revenue declined 1 percent, but surpassed the consensus estimate.
Broadcom Corp. (BRCM) fell 1 percent to $33.30. The company's fourth quarter earnings declined from the year-ago quarter, while its adjusted earnings per share were above Wall Street view. Net revenues improved 14.3 percent. The company forecast its first quarter revenue below Street view. The company raised its quarterly dividend by 10 percent to $0.11 per share.
Websense, Inc. (WBSN) declined 3 percent to $15.65. The company's fourth quarter earnings plunged from the prior year period and its non-GAAP earnings per share missed Wall Street view. Revenues declined from the year-ago quarter, but managed to come above the consensus estimate. The company forecast its first quarter results below analysts' expectations.
Spansion Inc. (CODE) fell over 6 percent to $12.31. The company's fourth quarter earnings per share and net sales were below analysts' expectation. The company expects to report a loss in its first quarter on a GAAP basis and also forecast net sales below the consensus estimate.
ACE Limited (ACE) decreased over 4 percent to $81.11. The company's fourth quarter profit increased from the same period a year earlier, but income excluding net realized gains or losses declined from the year-ago quarter. The company forecast its fiscal 2013 operating earnings per share below Wall street view.
by RTT Staff Writer
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