Shares of Barnes & Noble (NYSE: BKS) soared on Thursday after TechCrunch reported that Microsoft Corp. (NASDAQ: MSFT) has considered offering the bookseller $1 billion to acquire its e-reader (tablet) business.
Continue reading Microsoft Shows Interest in Buying Nook’s E-Reader Business (BKS, MSFT)
Shares of AOL Inc. (NYSE: AOL) slumped about 8.60% by afternoon trade. Although the web services company reported 23% jump in fiscal first quarter net income, driven by higher revenue from advertising, adjusted earnings fell short of Street’s estimate.
Continue reading Major Movers on May 8; AOL, WEN, EA, SYMC, Z
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) said on Wednesday that fiscal first quarter net income soared 17%, thanks to double digit revenue growth which was boosted by improved performance across all segments and markets.
Continue reading Cognizant Q1 Results Top Estimates, Q2 Guidance Upbeat (CTSH)
Whole Foods Market Inc. (NASDAQ: WFM) reported on Tuesday that its fiscal second-quarter net income jumped 20% as the up-market grocery chain witnessed robust revenue growth while margin also remained healthy. The Company provided upbeat guidance on full-year and announced two-for-one stock split.
Continue reading Whole Foods Market Q2 Earnings Beat Estimate (WFM)
Shares of First Solar Inc. (NASDAQ: FSLR) fell about 9.25% by afternoon trade. Although the solar panel maker, late last evening, reported that it swung into fiscal first quarter profit and handed revenue which edged past Street’s consensus estimate, investors were disappointed as adjusted earnings fell short of expectation. However, the Company maintained its full-year earnings and revenue guidance which exceeded analysts’ consensus estimate.
Continue reading Major Movers on May 7; FSLR, FOSL, MELI, RKUS, ARUN, SNTS, EOG, DTV
Broadsoft Inc. (NASDAQ: BSFT) reported stronger-than-expected fiscal first quarter results on Monday. The Company also provided earnings strong full-year guidance and boosted its earnings outlook on the current quarter, sending shares soaring 8.26% in extended trading hours.
Continue reading Broadsoft Beats Q1 Estimates, Provides Strong FY2013 Earnings Guidance (BSFT)
Tyson Foods Inc. (NYSE: TSN) tumbled after the meat and food processing company reported more-than-feared fall in fiscal second quarter profit on Monday as margins on Chickens contracted further due to soaring feed costs caused by last year’s severe drought. For the recently concluded quarter, Tyson Foods reported net income of $106 million or 26 cents a share compared to a profit of $166 million or 44 cents a share. Stripping out onetime items, the Company reported adjusted earnings of 36 cents a share while analysts’ consensus estimate was for 45 cents a share, according to a data compiled by Thomson Reuters. Revenue during the period came at $8.42 billion compared to $8.3 billion, in the year-earlier quarter but falling short of Street’s consensus forecast of $8.58 billion.
Continue reading Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY
Shares of Inergy L.P. (NYSE: NRGY) soared on Monday after the marketer and distributor of propane announced that it has agreed to merge its business with Crestwood Midstream Partners L.P. in a cash and stock deal.
Continue reading Inergy L.P. and Crestwood Midstream Enter Merger Deal (NRGY)
Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on the stock. Separately, Barclays Capital raised price target on the stock to $41 from $36, in research note released on Friday to clients. The firm has a “equal weight” rating on the stock.
Continue reading Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP
Credit rating agency, Moody’s Corporation (NYSE: MCO) reported on Friday that its fiscal first-quarter net income climbed 9%, driven by solid revenue growth in the U.S.
Continue reading Moody’s Beats Q1 Estimates, Lifts Outlook on FY13 (MCO)