Mattress Firm Holding Corp (NASDAQ: MFRM) reported late on Tuesday that fiscal first quarter income rose, aided by higher revenue. Both earnings and revenue edged past analysts’ consensus estimate.
Continue reading Mattress Firm Tops Q1 Estimates, Reaffirms FY 2013 Outlook
Shares of ABM Industries Inc. (NYSE: ABM) jumped about 4% by afternoon trade after the integrated building security solutions provider reported late on Monday that fiscal second quarter income climbed 65%, thanks to recent acquisitions that boosted its top-line growth. For the fiscal second quarter, ABM reported adjusted/non-GAAP earnings of $20.2 million or 36 cents a share compared to $16.3 million or 30 cents a share, in the same quarter of last year. Analysts polled by Thomson Reuters were expecting earnings of 33 cents a share. Revenue jumped 11% to $1.17 billion from $1.06 billion but fell short of analysts’ consensus estimate for $1.18 billion.
Continue reading Major Movers on June 4; ABM, ET, DG, GIII, ULTA
Shares in Quantrx Biomedical Corporation (OTC: QTXB), a company engaged in the development and commercialization of diagnostic products for the healthcare industry worldwide, are seeing a huge rally in trading today. At last check, QTXB shares were trading 205.56% higher at $0.0550 on above average volume of 3.76 million. The stock hit a 52-week high of $0.14 earlier today.
Salesforce.com Inc. (NYSE: CRM) announced on Tuesday that it has agreed to purchase marketing software maker ExactTarget Inc. (NYSE: ET) in a cash deal valued at $2.5 billion. Continue reading Salesforce.com to Acquire ExactTarget in Deal Valued at $2.5 Billion (CRM, ET)
Social game maker, Zynga Inc. (NASDAQ: ZNGA) announced on Monday that it will slash another 520 jobs or about 18% of its total workforce as the embattled company looks to cut costs and bring a strategic shift by focusing more on mobile games.
Continue reading Zynga Expects Wider Q2 Loss, To Slash 520 More Jobs (ZNGA)
Shares of Clovis Oncology Inc. (NASDAQ: CLVS) catapulted about 120% by afternoon trade. The biopharmaceutical Company reported on Monday that its early stage clinical trials on a lung cancer treatment showed contraction in the size of tumor. The experimental treatment, dubbed as CO-1686, targets to cure non-small lung cancer (NSCLC) in patients with a transmutation in gene T790M.
Continue reading Major Movers on June 3; CLVS, TSRO, MNKD, CBRL, FFIV
Social game maker, Zynga Inc. (NASDAQ: ZNGA), which is reeling under pressure due to shrinking active users’ base and flagging revenue amid rising competition, is focusing on ‘midcore’ combative games, in order to increase its mobile time share.
Continue reading Zynga Move towards ‘Midcore’ Combative Games (ZNGA)
Shares of Dephasium Corp. (OTC: DPHS) are up sharply in trading today. At last check, DPHS shares were trading 10.31% higher at $0.535 on above average volume of 2.03 million. The stock hit an intra-day high of $0.54 earlier today. DPHS shares have gained over 24.40% in the last three trading sessions.
In the last two weeks, markets have been extremely volatile. All three major indexes in the U.S. have been fluctuating between gains and losses over the past few trading sessions amid speculation that the Federal Reserve might start easing up its aggressive bond buying program as early this summer.
Continue reading 20 Stocks Top Hedge Funds Are Buying – June 1, 2013
Last month, Pew Research Center’s study showed that the teenagers’ interest on Facebook Inc. (NASDAQ: FB) was fading. The research report said that teen Facebook users were sick of Friends posting “insane” details on their Walls, all the “drama” and unease over maintaining their image on the social networking platform. Continue reading Facebook’s Mobile User Engagement is Increasing Says comScore (FB)