Walt Disney Co. (DIS) gained 3 percent to $55.94. The company's first quarter profit declined 6 percent from the year-ago quarter, while its adjusted earnings per share were above Wall Street view. Revenues rose 5 percent and also topped the consensus estimate. Media Networks revenues rose 7 percent, while revenues from Studio Entertainment declined 5 percent.
Hewlett-Packard Co. (HPQ) rose 4 percent to $17.27 amidst reports that the company is studying break-up possibility, after its peer Dell Inc. (DELL) agreed to go private in a $24.4 billion deal.
Zynga Inc. (ZNGA) rose nearly 6 percent to $2.90. The company's fourth quarter net loss narrowed from the previous year period, while its adjusted earnings per share were above Wall Street view. Revenue was flat year-over-year. Daily active users rose 3 percent year-over-year, but were down 6 percent a consecutive quarter basis. Monthly active users rose 24 percent year-over-year, but were down 4 percent sequentially. The company expects to report a loss in its first quarter, but sees revenue above the consensus estimate.
Expedia Inc. (EXPE) increased 4 percent to $70.60. The company's fourth quarter earnings plunged from the year-ago quarter and its adjusted earnings per share were below Wall Street view. Meanwhile, revenues surged from the last year quarter and topped the consensus estimate.
Take-Two Interactive Software Inc. (TTWO) gained over 6 percent to $13.49. The company's third quarter earnings and revenue soared from the previous year period and were above analysts expectations. Meanwhile, the company expects its fourth quarter results below market view. The company raised its lower end of its full-year financial guidance. In addition, the company plans repurchase of up to 7.5 million shares of common stock.
3M Company (MMM) rose 1 percent to $103.00 following the news that it has raised its quarterly dividend by 8 percent and authorized the repurchase of up to $7.5 billion of common stock.
CSG Systems International Inc. (CSGS) surged 12 percent to $20.99 as its fourth quarter adjusted earnings per share and revenues were sharply above Wall Street view. The company also forecast 2013 results above analysts' expectations. The company stated that it is currently in negotiations with one of its largest customers for longer-term renewal of contract that expires at the end of February.
Shutterfly, Inc. (SFLY) gained 14 percent to $38.37. The company's fourth quarter earnings and net revenues surged from the prior year period and were above analysts' estimates. The company expects to a loss in its first quarter and forecast net revenue in-line with market view. The company anticipates 2013 earnings per share in-line with analysts estimate and net revenue sharply above the consensus estimate.
Panera Bread Co. (PNRA) was up nearly 4 percent to $169.00. The company's fourth quarter profit jumped from the year-ago quarter. Total revenues rose 15 percent, but missed the consensus estimate. The company maintained its targeted fiscal 2013 earnings per share growth rate of 17 percent to 19 percent. The company also announced the appointment of Roger Matthews as its finance chief.
priceline.com Inc. (PCLN) improved 2 percent to $706.00.
Trading in shares of Newport Corp. (NEWP) was halted. The company expects a non-cash, non-tax-deductible impairment charge of $130 million to $140 million in its fourth quarter of 2012 related to its acquisition of Ophir Optronics Ltd. The company noted that Ophir's 2012 sales and operating income were lower than what it had expected when it acquired the company. Newport also reaffirmed its fourth quarter financial guidance.
by RTT Staff Writer
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