Shares of Mattress Firm Holding Corp. (NASDAQ: MFRM) jumped about 6.90% by afternoon trade. The bedding company, late last evening, said that fiscal first quarter profit rose, driven by a solid revenue growth and handed better-than-expected earnings as well as revenue. Mattress Firm also reaffirmed its full-year earnings and revenue outlook.
Continue reading Major Movers on June 5; MFRM, CYBX, RES, AMBA, JNPR, BBBY
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 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
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) shares plummeted nearly 14 percent on Wednesday after the company announced that it will acquire Plains Exploration & Production (NYSE: PXP) and McMoRan Exploration (NYSE: MMR) in two separate deals estimated at $9 billion both in cash and stocks, as the company looks to expand its traction in energy sector. The deal would create a company with gold, oil and natural gas assets across the world.
Continue reading Major Movers on December 5; FCX, PXP, MMR, AAPL, C, MFRM, P, CHTP
Shares of NII Holdings Inc. (NASDAQ: NIHD), a holding company for the operations of Nextel Communications Inc. in selected international markets, are seeing a huge rally in trading today. At last check, NIHD shares were trading 7.54% higher at $8 on volume of 6.01 million. The stock hit an intra-day high of $8.58.
Continue reading Major Gainers and Losers on October 4; NIHD, INFA, MFRM, HMSY, ACI, ISCA