Cisco Systems, Inc. (CSCO) gained 9 percent to $23.04. The company's third quarter profit improved from the prior year period and its adjusted earnings per share were above Wall Street view. Net sales for the quarter rose 5.4 percent and topped the consensus estimate.
Tesla Motors, Inc. (TSLA) improved 5 percent to $89.00. The company announced its plan to sell 2.7 million shares of common stock and $450 million of convertible senior notes due 2018 in concurrent public offerings. The company expects the offerings to generate gross proceeds of approximately $830 million, which will be available for prepaying its outstanding loan from the U.S Department of Energy, pay the cost of convertible note hedge transactions and for general corporate purposes.
Dillard's Inc. (DDS) rose 3 percent to $89.00. The company's first quarter profit was higher than last year and was above Wall Street view. Net sales for the quarter remained flat, but marginally missed the consensus estimate.
Liberty Media Corp. (LMCA) was up nearly 5 percent to $133.21.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org