Hewlett-Packard Co. (HPQ) gained nearly 5 percent to $17.90. The company's first quarter earnings declined from the year-ago quarter, yet its adjusted earnings per share were above Wall Street view. Revenue for the quarter fell 6 percent, but topped the consensus estimate. The company also guided second quarter earnings above market view.
American International Group, Inc. (AIG) rose 4 percent to $38.77. The company slipped to a loss in its fourth quarter, hurt by sale of ILFC unit and pre-tax catastrophe losses from Storm Sandy. Meanwhile, the company's operating earnings per share were above Wall Street view.
Texas Instruments Inc. (TXN) gained nearly 2 percent to $33.08. The company raised its quarterly dividend by 33 percent and also authorized repurchase of an additional $5 billion of its common stock.
Acacia Research Corp. (ACTG) was up 15 percent to $33.00. The company swung to a profit in its fourth quarter and its revenues more than tripled from the year-ago quarter.
Gardner Denver Inc. (GDI) rose over 5 percent to $71.10 following reports that KKR & Co. has offered to buy the company at $75 per share.
Aruba Networks, Inc. (ARUN) gained 15 percent to $23.91. The company swung to a profit in its second quarter and its non-GAAP earnings per share were above Wall Street view. Revenue rose 23 percent and also topped the consensus estimate.
WebMD Health Corp. (WBMD) surged more than 13 percent to $18.53. The company slipped to a loss in its fourth quarter. Revenue for the quarter declined, but was above the consensus estimate. The company also forecast first quarter and full-year revenue above market view.
Boingo Wireless, Inc. (WIFI) plunged 18 percent to $6.51. The company's fourth quarter earnings declined from the prior year period and missed analyst's estimate. Revenue for the quarter rose 8.1 percent and managed to come above the consensus estimate. The company also announced a deal to acquire Endeka, a provider of Wi-Fi, VoIP and IPTV services to military bases and federal law enforcement training facilities. Terms of the deal were not disclosed.
by RTT Staff Writer
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