EA Rises, But Sloppy Sloppy Numbers (ERTS)
Electronic Arts Inc. (NASDAQ: ERTS) is rising after the close despite some mixed reports. The video game giant posted non-GAAP earnings at $0.06 EPS on $1.15 billion in revenues versus Thomson Reuters consensus estimates of $0.07 EPS and $1.13 billion in revenues. More importantly, EA reported more cost reductions and will close several facilities and [...]
Priceline.com Hitting 52-Week Highs After-Hours (PCLN)
Priceline.com Incorporated (NASDAQ: PCLN) is up after-hours after beating its earnings targets. The online travel portal said gross travel bookings were $2.7 billion, up 32.8% over a year ago and revenues were up 30% at $730.7 million and its non-GAAP earnings was put at $173.3 million or $3.45 EPS. Thomson Reuters had estimates at $2.92 [...]
MBIA Fails Ambac’s Trend (MBI, ABK)
MBIA Inc. (NYSE: MBI) turns out that being in a bad bond insurance business is not good like it was for rival Ambac (ABK) last week. It posted a lower third-quarter loss, due to a benefit from narrowing credit spreads, of $727.8 million, or -$3.50 EPS. The company further noted that its incurred losses in [...]
Top Winners & Losers After-Hours (CNXT, GNW, LVS, NVTL, TSRA)
Included is the after-hours moves and pertinent data with a snapshot as of 5:14 PM EST. Estimates are Thomson Reuters data where noted: Conexant Systems, Inc. (NASDAQ: CNXT) closed at $2.44 and shares are trading at $2.88 up 18.03% on 67,400 shares since the closing bell. This one posted 0.11 EPS vs. $0.09 estimates; imaging [...]
American Capital Agency Pain From Secondary (AGNC)
American Capital Agency Corp. (NASDAQ: AGNC), a mortgage REIT, was one of last night’s big losers after the company priced a 5,000,000 common share secondary offering at $26.60 per share. The problem is that the stock closed at $28.14 yesterday. Shares fell 4.5% to $26.87 on some 147,000 shares in the after-hours session after the [...]
SanDisk Blows Thru 52-Week Highs (SNDK)
You probably already saw how much SanDisk Corp. (NASDAQ: SNDK) blew through its earnings estimates. We have full details over at 24/7 Wall Street. UPDATE 7:58 AM EST (OCT 21): Shares are now trading under $23.00 at $22.96 and we have seen 180,000 shares trade hands. With an average of 7.4 million shares per day, [...]
Google Taking On New 52-week Highs (GOOG)
Google Inc. (NASDAQ: GOOG) traded up after the king of internet search posted better than expected earnings and better than expected revenues and ended the quarter with some $22 billion in cash. There are many analyst price target upgrades seen: Stifel Nicolaus raised target to $650; UBS raised target to $635; JPMorgan raised target to [...]
Intel Up, But Off Last Night’s Highs (INTC)
Intel Corporation (NASDAQ: INTC) is surging this morning as a most active stock of big NASDAQ names. You know that it beat earnings, raised guidance, and talked up even the higher-end of its product spread. At 8:18 AM EST we have seen a gain of 4.5% at $21.41 on about 1.7 million shares. This will [...]
BioMimetic Huge Gains Reverse Last Night Losses (BMTI)
BioMimetic Therapeutics, Inc. (NASDAQ: BMTI) was crushed after the close, yet we have shares trading higher this morning. The company announced “positive top-line data from its Augment bone graft North American pivotal trial”… It seems last night to not be enough for what was expected. Shares closed at $12.69 yesterday and fell by 8.5% to [...]
Metals Spike After-Hours oN ALCOA (AA, CENX, STLD, TIE, AKS, X, CLF, MT)
Alcoa Inc. (NYSE: AA) has just posted a surprise profit after it was expected to lose money in the quarter. Here are the full details, but we took a 4:20 PM EST snapshot and many metals companies are running up that are not just in the aluminum space: Century Aluminum Company (NASDAQ: CENX) $9.65 close; [...]
VS Investor RSS Feed