Domino’s Pizza Inc. (NYSE: DPZ) reported on Tuesday that fiscal first quarter profit jumped 66% as opening of new stores and lower expenses boosted company’s both top line and the bottom line.
Continue reading Domino’s Pizza Tops Street’s Estimates (DPZ)
Shares of Pitney Bowes Inc. (NYSE: PBI) tumbled about 17% by midday trade after the mail and document services provider handed lower-than-expected fiscal first quarter earnings and slashed its dividend. For the first quarter, Pitney Bowes reported adjusted earnings of 42 cents a share, missing analysts’ consensus estimate by 2 cents a share. The quarterly revenue was slashed to 18.75 cents a share from 37.5 cents a share, in the year earlier quarter.
Continue reading Major Movers on April 30; PBI, AET, BWLD, HLF, HOT
Unifi Inc. (NYSE: UFI) Director, Kenneth G. Langone, bought 4,556 shares of UFI common stock at $19.55 per share, according to a SEC filing made this week.
Shares of Medical Marijuana Inc. (OTC: MJNA), a company engaged in the medical marijuana and industrial hemp markets, are soaring in trading today. At last check, MJNA shares were trading 36.43% higher at $0.169 on above average volume of 14.91 million. The stock hit an intra-day high of $0.17 earlier today. Despite the gains today, MJNA shares have fallen nearly 5.60% in the last three trading sessions.
Restaurant chain, Buffalo Wild Wings Inc. (NASDAQ: BWLD) reported on Monday that fiscal first quarter income fell 10% due to higher wing costs; however shares gained about 1.20% in extended trading hours as revenue edged past Street’s estimates and same-store sales also rose.
Shares of Conceptus Inc. (NASDAQ: CPTS) rallied about 19.40% by afternoon trade after Bayer AG said that it has agreed to acquire Conceptus in deal estimated at euro 852 million ( $1.1 billion ) as the health-care company looks to gain traction in women contraceptive market. Bayer said that in next 10 days period, it will issue a tender with a proposal to buy all of Conceptus’s stock, valuing each share at $31 in cash, which represents a 20% premium over Friday’s closing stock price. The deal is likely to close by the second quarter of this year.
Continue reading Major Movers on April 29; CPTS, NIHD, VRX, ACT, SINA, MDSO, GALT
Shares of Liquidmetal Technologies Inc. (OTC: LQMT), a designer, developer, and seller of products and components from bulk amorphous alloys, are up sharply in trading today. At last check, LQMT shares were trading 7.27% higher at $0.0900 on above average volume of 9.17 million. The stock touched an intra-day high of $0.10. LQMT shares have gained nearly 9.80% in the last three trading sessions.
China’s e-commerce giant, Alibaba announced on Monday that it has agreed to buy 18% stake in the Sina Corporation’s (NASDAQ: SINA) Weibo, a microblogging service, equivalent to Twitter, in a deal estimated at $586 million. The Company said that agreement allows Alibaba to increase its stake to 30% in the future.
Continue reading China’s Alibaba to Acquire 18% Stake in Sina Corp.’s Weibo Services (SINA)
Shares of D. R. Horton Inc. (NYSE: DHI) rallied on Friday after the America’s largest homebuilder by annual closings said that net income in the fiscal second quarter climbed more than three times thanks to robust home sales aided by solid recovery in the housing market and expects demand will remain strong in coming quarters.
Continue reading D.R. Horton Comfortably Beats Q1 Estimates (DHI)
Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results.
Continue reading Major Movers on April 26; DHI, AMZN, BIDU, EXPE, FSL, JCP, CSTR