Gainers:
Visa Inc. (V) gained 3 percent to $111.70. The company's first quarter earnings per share and revenues were above Wall Street view. Net operating revenue increased 14 percent. The company announced that it has authorized a new $500 million class A share repurchase program.
Akamai Technologies, Inc. (AKAM) gained 13 percent to $38.99. The company's fourth quarter profit and revenues improved from the year-ago period. Normalized earnings per share and revenue were above analysts' estimates. The company also appointed James Benson to succeed Donald Sherman as Executive Vice President and Chief Financial Officer.
Decliners:
News Corp. (NWS) declined 0.45 percent to $20.12. The company's second quarter profit surged from the previous year period. Quarterly revenue increased 2 percent. Total segment operating income for the quarter rose 16 percent.
Cisco Systems, Inc. (CSCO) was down 0.45 percent to $20.40. The company's second quarter profit jumped 44 percent from the prior year period. Non-GAAP earnings per share and net sales were above market expectations. The company also announced a two-cent increase in its quarterly dividend over the previous quarter.
Groupon Inc. (GRPN) fell 15 percent to $20.90. The company's fourth quarter net loss narrowed from the previous year period, while analysts' had estimated the company to report a small profit for the quarter. Revenue surged from the year-ago period. The company guided first quarter revenue to improve in the range of 73 percent to 86 percent.
iRobot Corp. (IRBT) plunged over 20 percent to $30.66. The company's fourth quarter profit rose from the prior year quarter and were above analysts' estimate. Revenue improved 15 percent, but were below consensus. The company also guided first quarter and fiscal 2012 results sharply below Wall Street view.
Diamond Foods, Inc. (DMND) plunged 43 percent to $20.95. The company announced that its financial statements for the fiscal years 2010 and 2011 will need to be restated. The company added that Audit Committee investigation identified material weaknesses in its internal control over financial reporting. The company also announced appointment of a new Chief Executive Officer and Chief Financial Officer.
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