Shares of Blackberry (formerly known as Research in Motion) (NASDAQ: BBRY) edged up on Thursday after the embattled smartphone maker reported surprise profit for the fiscal fourth quarter, thanks partially to its latest launch of generation next Z10 models, which helped boosting top line. Still, revenue fell short of Street’s expectation while users’ base also contracted.
Continue reading Blackeberry Posts Surprise Q4 Profit, Shares Gain (BBRY)
Shares of Five Below Inc. (NASDAQ: FIVE) slumped in early trade after the discount retailer, which focuses on teenagers and preteen consumers, late last evening, provided downbeat guidance on the current fiscal year. However, fiscal fourth quarter results edged past analysts’ estimations.
Continue reading Major Movers on March 28; FIVE, PVH, BBRY, BIIB
Shares of Biogen Idec Inc. (NASDAQ: BIIB) gained in premarket hours on Thursday after the FDA said late on Wednesday that it has approved the biotechnology Company’s new multiple sclerosis drug, Tecfidera.
Continue reading FDA Approves Biogen Idec’s Potential Blockbuster Treatment for MS (BIIB)
Shares of Genworth Financial Inc. (NYSE: GNW) edged up in afterhours trading on Wednesday after the life insurer and mortgage underwriter announced that it agreed to offload its wealth management unit and alternative investment business to a partnership venture of Aquiline Capital Partners LLC and Genstar Capital LLC in deal estimated at $412.5 million.
Continue reading Genworth Financial to Sell its Wealth-Management Business (GNW)
Shares of Lindsay Corp. (NYSE: LNN) tumbled after the Company warned that orders for its equipments could drop due if prices of crops fall. The Company said that if US harvests turn out to be as strong as anticipated by some commentators then it could have adverse impact on its top line. The company said that until now it benefitted from “positive farmer sentiment” and “historical high farm incomes”
Continue reading Major Movers on March 27; LNN, CLF, AOL, FRAN, MFRM, SAI
Science Applications International Corp., (SAIC Inc.) (NYSE: SAI) reported mixed fiscal fourth-quarter results late on Tuesday and provided cautious guidance on the current fiscal year; however, shares leaped about 4.20% in aftermarket hours after the multi industry solution provider announced a special dividend of $1 a share.
Continue reading SAIC Announces Special Dividend of $1 a Share, Q4 Results and Outlook Mixed (SAI)
Shares of beleaguered supermarket chain, Supervalu Inc. (NYSE: SVU) rallied on Tuesday after the Company said it will cut 1,100 or 3% of its workforce nationwide as it looks to trim its store network.
Continue reading Supervalu to Cut About 1,110 Jobs, Shares Rally (SVU)
Shares of Sonic Corporation (NASDAQ:SONC) rallied after the drive-in restaurant chain, late last evening reported fiscal second quarter non-GAAP earnings which came in-line with Street’s expectation as expenses fell. Revenue however fell marginally short of Street’s expectation.
Continue reading Major Movers on March 26; SONC, BRP, NFLX, PLCE, ZIOP, SVU, RFMD
Shares of Veeco Instruments Inc. (NASDAQ:VECO) rallied on Monday after analysts at Canaccord Genuity boosted their rating on the stock to “buy” from “sell”, citing that LED market has bottomed out and stock offers attractive valuation.
Continue reading Major Movers on March 25; VECO, APOL, KWK, BBRY, JASO, IDIX, RHT, FB, VHS
Although Apollo Group Inc. (NASDAQ: APOL) reported that fiscal second-quarter profit slumped 79% as enrollments fell, shares of the for-profit education company rallied on Monday as it handed better-than-expected non-GAAP earnings and revenue.
Continue reading Apollo’s Q2 Profit Plunges 79% But Shares Rally (APOL)