LOGO
LOGO

Corporate News

After-market Movers For May 2 (AIG, LNKD, MYL, WTW, PKT, BCOR, VCRA, GUID, ZAGG)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Gainers:

American International Group, Inc. (AIG) improved nearly 3 percent to $43.28. The company's first quarter earnings declined from the previous year period, but topped Wall Street view. AIG Property Casualty Operations' Net premiums earned for the quarter were lower than the year-ago quarter.

Weight Watchers International, Inc. (WTW) gained 9 percent to $46.20. The company first quarter profit and revenues were lower than the comparable quarter a year earlier, but were above analysts' expectations. The company has narrowed its full-year earnings guidance range.

Procera Networks, Inc. (PKT) rose 21 percent to $13.46. The company slipped to a loss in its first quarter and missed Wall Street view. Revenue improved 15 percent and was above the consensus estimate. Meanwhile, the company currently expects annual revenue growth at the high end of its previous forecast range. The company also said it continues to anticipate that most of its revenue growth will occur in the second half of 2013. The company also disclosed multi-million dollar expansion orders.

Blucora, Inc. (BCOR) was up 14 percent to $16.75 as its first quarter results were above analysts' expectations. The company also provided a positive outlook for its second quarter.

Decliners:

LinkedIn Corp. (LNKD) fell 10 percent to $181.35. The company's first quarter profit and revenue surged from the year-ago quarter and were above Wall Street view. Meanwhile, the company forecast second quarter revenue below the consensus estimate.

Mylan, Inc. (MYL) was down over 3 percent to $27.83. The company's first quarter profit declined 17 percent from the prior year quarter and its adjusted earnings per share were in-line with analysts' estimate. Revenues improved 3 percent, but missed the consensus estimate. The company reaffirmed its fiscal 2013 earnings outlook range.

Vocera Communications, Inc. (VCRA) slumped over 27 percent to $14.00. The company's first quarter results were below Wall Street view. The company said it is disappointed with its results and noted that several significant expansion deals for U.S. hospitals that it expected to sign in the quarter, were not completed. The company also reduced its full year 2013 outlook based on these results and market dynamics.

Guidance Software, Inc. (GUID) slided 20 percent to $8.00. The company's first quarter GAAP net loss was wider than the prior year period. Revenue for the quarter was below the consensus estimate. The company also lowered its 2013 forecast due to the constraints of the federal spending environment.

ZAGG Inc. (ZAGG) declined 26 percent to $5.08. The company's first quarter earnings and net sales declined from the prior year period and were below analysts' prediction. The company also lowered its revenue forecast for fiscal 2013.

Arena Pharmaceuticals, Inc. (ARNA) was down 16 percent to $6.99. The company's first quarter net loss narrowed from the year-ago quarter, but was below Wall Street view. The company also disclosed that it has notified the European Medicines Agency that it is withdrawing the BELVIQ Marketing Authorization Application in the European Union.

American Capital Agency Corp. (AGNC) fell 8 percent to $30.37 as its first quarter earnings plunged from the prior year period.

Teradata Corp. (TDC) was down nearly 10 percent to $47.95. The company first quarter profit and revenue declined from the year-ago quarter and missed analysts' view. The company also expects its 2013 results at the lower end of prior guidance ranges.

For comments and feedback contact: editorial@rttnews.com

Business News

Looking to Invest in the Best Biotech Stocks? Subscribe to RTT Biotech Investor.
Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19