Shares of Mattel Inc. (NASDAQ: MAT) plunged about 7.20% by afternoon trade. The toymakers said that net income fell 24% for the fiscal second quarter. The bottom line felt the pressure due to flagging sales of Barbie line of products and a write-down of $14 million, linked to Polly Pocket line of products.
Continue reading Major Movers on July 17; MAT, YHOO, URI, STJ, ZAGG
Cardiovascular medical devices maker, St. Jude Medical Inc. (NYSE: STJ) reported on Wednesday that its fiscal second-quarter profit plunged 53% as higher debt repayment expenses, charges related to restructuring and lower sales due to unfavorable trends in foreign exchange market, weighed on the bottom line.
Continue reading St. Jude Medical’s Q2 Results Beats Forecast, Shares Gain (STJ)
Shares of Western Sierra (OTC: WSRA), an exploration stage company engaged in the acquisition, exploration, mining, and development of mineral properties in the western U.S. and central Arizona, are seeing a huge rally in trading today. At last check, WSRA shares were trading 260.87% higher at $0.0083 on above average volume of 7.08 million. The stock hit an intra-day high of $0.01 earlier today.
Containerboard manufacturer, Packaging Corp of America, (NYSE: PKG) reported late last evening that fiscal second quarter net income increased 43%, aided by both rise in the shipments and prices of corrugated products.
Continue reading Packaging Corp of America Tops Q2 Forecast, Shares Gain Sharply in Afterhours (PKG)
Shares of Creative Edge Nutrition Inc. (OTC: FITX), a developer of health-oriented nutrition products, rallied in trading today. FITX shares ended the day 17.65% higher at $0.0020 on above average volume of 376.51 million.
Shares of the Coca Cola Company (NYSE: KO) fell about 2.90% in early trade as the soft drink giant disappointed with fiscal second quarter results. Coca Cola posted a net income of $2.68 billion or 59 cents a share compared to a profit of $2.79 billion or 61 cents a share, in the year-earlier quarter.
Continue reading Major Movers on July 16; KO, CTAS, MPC, BIDU, BWLD
China’s leading search engine company, Baidu.com Inc. (ADR) (NASDAQ: BIDU) announced on Tuesday that it has entered in a preliminary deal with NetDragon to acquire China’s major app store developer, 91 wireless in deal worth $1.9 billion.
Continue reading Baidu to Acquire China’s App store Developer 91 Wireline for $1.90 Billion (BIDU)
Diversified insurance agency, Brown & Brown Inc. (NYSE: BRO) announced better than expected preliminary fiscal second quarter results on Monday.
Continue reading Brown & Brown Provides Upbeat Outlook for Q2 (BRO)
VeriFone Systems Inc. (NYSE: PAY) Director Jeffrey E. Stiefler recently bought 27,900 shares PAY common shares at a cost of $17.89 per share each. Stiefler made a total investment of $499,131. This is the first time in the last one year that Stiefler has bought shares in PAY.
Shares of Power Integrations Inc. (NASDAQ: POWI) rallied about 8.90% by midday trade. The San Jose CA based Company, which manufacturers integrated-circuits used in energy-efficient power converters, upwardly revised fiscal second quarter revenue guidance on Monday.
Continue reading Major Movers on July 15; POWI, LEAP, RVLT, NAV, TIF, QLGC, and ARUN