After The Bell
FONT-SIZE Plus   Neg
Share SHARE

After-market Movers For Feb 12 (GE, CMCSA, WU, NTGR, BWLD, RAX, RATE, CLF, NILE)

RELATED NEWS
Trade GE now with 

Gainers:

General Electric Co. (GE: Quote) gained over 3 percent to $23.32 and Comcast Corp. (CMCSA: Quote) rose 8 percent to $42.05. GE agreed to sell its remaining 49 percent common equity stake in the NBCUniversal joint venture to Comcast for $16.7 billion. Also, NBCUniversal will purchase the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC's headquarters in Englewood Cliffs for approximately $1.4 billion. GE also raised its share repurchase authority to $35 billion. GE said it does not expect this transaction to materially impact the overall earnings framework for 2013.

Decliners:

Western Union Co. (WU: Quote) fell over 2 percent to $14.00. The company's fourth quarter earnings fell 47 percent from the year-ago quarter. Total revenues were slightly lower than previous year period, but managed to come above the consensus estimate. The company said it plans to implement additional cost savings initiatives, which are expected to have a negative impact on 2013 financial results, but have a positive impact beginning in 2014.

Netgear Inc. (NTGR: Quote) declined 7 percent to $34.00. The company's fourth quarter profit declined from the year-ago quarter. Non-GAAP earnings per share and revenue were above Wall Street view. Meanwhile, the company forecast its first quarter revenue below the consensus estimate. The company said it expects the first half of 2013 to be tempered by reduced spending from its service provider customers and macroeconomic uncertainty with growth in the second half of the year.

Buffalo Wild Wings Inc. (BWLD: Quote) fell over 4 percent to $77.50. The company's fourth quarter profit improved from the previous year period, but missed Wall Street view. Total revenue rose 37.8 percent and was above the consensus estimate.

Rackspace Hosting, Inc. (RAX: Quote) declined more than 9 percent to $67.90 as its fourth quarter earnings and revenues were below analysts' expectations.

Bankrate, Inc. (RATE: Quote) fell nearly 20 percent to $9.95. The company's fourth quarter profit plunged from the year-ago quarter and its adjusted earnings per share were below Wall Street view. Total revenue fell 18 percent and also missed the consensus estimate. Meanwhile, the company expects revenue growth for the full year 2013 to be flat with 2012.

Cliffs Natural Resources Inc. (CLF: Quote) was down 9 percent to $33.10. The company slipped to a loss in its fourth quarter, while its adjusted earnings plummeted from the year-ago quarter. Consolidated sales margin decreased 50 percent due to lower revenues, driven by a 14 percent decrease in seaborne pricing, and a 15 percent increase in cost of goods sold. The company's board also lowered quarterly cash dividend by 76 percent.

Blue Nile Inc. (NILE: Quote) slided 7 percent to $28.85. The company's fourth quarter earnings and net sales improved from the year-ago quarter, but were below analysts' estimate. The company noted that it fell short of its expected sales of non-engagement jewelry during the holiday season, in part due to a weaker environment for consumer discretionary spending.

Trading halt:

Trading in shares of Learning Tree International Inc. (LTRE) was halted. The company announced that it has concluded that a sale of company is not feasible at this time and should not be pursued.

Register
To receive FREE breaking news email alerts for General Electric Co and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus