Gainers:
Anadarko Petroleum (APC) rose over 1 percent to $74.00.. The company's first quarter earnings surged from the year-ago quarter. Total revenues advanced from the prior year period and also topped Wall Street view.
PLX Technology Inc. (PLXT) gained 68 percent to $6.70. Integrated Device Technology (IDTI) has agreed to acquire the company for $7.00 per share, or total transaction value of approximately $330 million.
Veeco Instruments Inc. (VECO) gained 16 percent to $35.00. The company's first quarter profit and revenues declined from the year-ago quarter, but topped Wall Street view. The company guided second quarter adjusted earnings per share above the consensus estimate.
Shutterfly, Inc. (SFLY) rose 9 percent to $34.09. The company's first quarter loss widened from the year-ago quarter, but was lesser than what analysts' had estimated. Net revenues improved 60 percent and were above consensus. The company guided net revenues for the second quarter and fiscal 2012 above consensus.
Groupon, Inc. (GRPN), which closed today's regular session down by more than 10 percent, gained over 1 percent to $10.90 in after-hours trading. The company announced that Daniel Henry, the financial chief of American Express Co. (AXP) and Robert Bass, a vice chairman of Deloitte LLP will join its Board. Meanwhile, Howard Schultz has stepped down from the board and Kevin Efrusy will not stand for re-election to the board.
Decliners:
QuinStreet Inc. (QNST) declined 14 percent to $9.03. The company's third quarter profit declined from the previous year period and was below Wall Street view. Net revenue declined 14 percent and also was below consensus. The company also guided fiscal 2012 revenue below consensus.
Monster Beverage Corp. (MNST) fell 0.31 percent to $64.80. In response to media reports, Coca-Cola Co. (KO) announced that, at this time, it is not in discussions to acquire the company. Coca-Cola said it has a distribution relationship with Monster in many markets, including the U.S.
Trading halt:
GeoMet, Inc. (GMET) was halted. The company announced that it has hired FBR Capital Markets & Co. as its advisor to review strategic alternatives, primarily focused on identifying potential merger. In addition, the company announced that Darby Seré has resigned as Chairman, President, Chief Executive Officer and as a Director to pursue other opportunities.
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