Gainers:
QUALCOMM, Inc. (QCOM) surged 8 percent to $62.90. The company's fourth quarter profit improved from the year-ago quarter and its non-GAAP earnings per share were above Wall Street view. Total revenues increased from the previous year period and were above the consensus estimate. The company also provided a robust outlook for its first and full-year 2013.
CBS Corp. (CBS) gained over 1 percent to $34.52. The company's third quarter profit increased from the same period a year earlier. Total revenues for the quarter rose 2 percent, but were short of analysts' estimate.
Loral Space & Communications, Inc. (LORL) rose over 10 percent to $85.90 following its announcement about a special distribution of $29.00 per share in connection with receipt of proceeds from the sale of its former subsidiary Space Systems/Loral.
Decliners:
Whole Foods Market, Inc. (WFM) fell 2 percent to $94.20. The company's fourth quarter profit increased from the same period a year earlier. Sales improved from the year-ago quarter and were in-line with the consensus estimate. The company backed its 2013 earnings forecast, but noted that the hurricane Sandy has negatively impacted sales for the first five weeks of first quarter, particularly in the Northeast region. Meanwhile, the company's board declared a 43 percent increase in its quarterly dividend.
Universal Display Corp. (PANL) plunged over 30 percent to $19.54. The company slipped to a loss in its third quarter. Revenues plummeted from the year-ago quarter and were below the consensus estimate. Material sales declined due to lower volumes of green emitter and host materials. The company also lowered its revenue forecast for fiscal 2012.
Monster Beverage Corp. (MNST) declined over 12 percent to $39.40. The company's third quarter earnings and revenues increased from the year-ago quarter, but were below Wall Street view.
Novatel Wireless Inc. (NVTL) fell more than 8 percent to $1.57. The company slipped to a loss in its third quarter and its non-GAAP loss per share was slightly wider than what analysts' had expected. Net revenues were below the consensus estimate. The company also forecast fourth quarter results below analysts' projections.
GNC Holdings Inc. (GNC) declined nearly 3 percent to $34.70. The company announced an underwritten offering of 11.73 million shares of its Class A common stock to be sold by Ares Corporate Opportunities Fund II, L.P. and Ontario Teachers' Pension Plan Board.
For comments and feedback: editorial@rttnews.com