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After-market Movers For Jan 31 (WYNN, MCK, VPRT, CPSI, ADNC, ABAX)

Gainers:

Audience, Inc. (ADNC) surged 26 percent to $15.40. The company swung to a profit in its fourth quarter. Revenue for the quarter more than doubled from the year-ago period and topped the consensus estimate. The company also provided a robust first quarter outlook and stated that it is well-positioned for 2013.

Abaxis, Inc. (ABAX) gained 5 percent to $40.63. The company's third quarter earnings increased 75 percent from the year-ago quarter and were above Wall street view. Revenues rose 32 percent and came above analysts' estimate.

Decliners:

Wynn Resorts Ltd. (WYNN) declined nearly 1 percent to $124.25. The company's fourth quarter profit declined from the year-ago quarter and its adjusted earnings per share were below Wall Street view. Net revenues declined from the prior year quarter, but managed to beat the consensus estimate. The company noted that lower revenue was driven by a 3.2 percent decline in revenues from Macau Operations.

McKesson Corp. (MCK) fell 2 percent to $103.15. The company's third quarter profit declined from the same period a year earlier and its adjusted earnings per share missed Wall Street view. Revenues rose 1 percent and came above the consensus estimate. The company also lowered its fiscal 2013 adjusted earnings per share guidance.

Vistaprint N.V. (VPRT) slided 3 percent to $34.75. The company's second quarter earnings decreased from the prior year period, but its adjusted earnings per share blowed past Wall Street expectation. Revenue for the quarter rose 16 percent. Meanwhile, the company tightened its fiscal 2013 earnings forecast and lowered its revenue expectation.

Computer Programs & Systems, Inc. (CPSI) fell over 8 percent to $48.00. The company's fourth quarter earnings per share and revenues were below Wall Street view. The company also forecast 2013 results below analysts' expectations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Payments giant PayPal filed a lawsuit against music streaming company Pandora Media over alleged similarities in both companies' logos. The trademark infringement lawsuit was filed last week in U.S. District Court for the Southern District of New York, seeking legal costs and unspecified damages. PayPal also called for Pandora to cease use of its current blue "P" logo. Tiffany & Co. reported Wednesday higher profit in its first quarter, above market estimates. Net sales edged up, but missed market view amid lower comparable sales in all regions. Further, the company maintained its fiscal 2017 earnings view, but updated sales growth view on a constant exchange rate basis. In pre-market activity, Tiffany shares were losing 3.92 percent. Lowe's Co. reported Wednesday lower profit in its first quarter, reflecting a loss on extinguishment of debt, despite higher sales and comparable sales. Adjusted earnings per share and sales missed market estimates. Further, the company updated its fiscal 2017 earnings view to reflect the loss, and backed sales growth forecast. In pre-market activity, shares were declining 7.34 percent.
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