Shares of Accenture Plc (NYSE: ACN) plunged 10.30% on Friday. Although the enterprise IT consulting firm reported on Thursday that fiscal third quarter income rose 18%, aided by higher revenue from financial, health and public segments, revenue fell short of company’s own initial projections. In addition, the Company also provided downbeat guidance. Continue reading Major Movers on June 28; ACN, MCP, BBRY, FINL, RENN
Tag: RENN
Chinese Social Networking Platform, Renren Announces $100 million worth ADR Repurchase Program (RENN)
One of the leading names in China’s online social networking platforms, Renren Inc, (NYSE: RENN) announced on Friday that its Board of Directors has approved a new share buyback program.
Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY
Tyson Foods Inc. (NYSE: TSN) tumbled after the meat and food processing company reported more-than-feared fall in fiscal second quarter profit on Monday as margins on Chickens contracted further due to soaring feed costs caused by last year’s severe drought. For the recently concluded quarter, Tyson Foods reported net income of $106 million or 26 cents a share compared to a profit of $166 million or 44 cents a share. Stripping out onetime items, the Company reported adjusted earnings of 36 cents a share while analysts’ consensus estimate was for 45 cents a share, according to a data compiled by Thomson Reuters. Revenue during the period came at $8.42 billion compared to $8.3 billion, in the year-earlier quarter but falling short of Street’s consensus forecast of $8.58 billion.
Continue reading Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY
Social Media Stocks on Watch; Zynga Inc. (ZNGA), Facebook Inc. (FB), Groupon Inc. (GRPN), LinkedIn Corp. (LNKD), Renren Inc. (RENN), SINA Corp.
Shares of Zynga Inc. (NASDAQ: ZNGA), a social gaming company engaged in the development, marketing and operation of online social games as live services played over the Internet and on social networking sites and mobile platforms, rose marginally in trading on Friday.
Renren Reports Loss in Q2 (RENN)
Renren Inc. (NYSE: RENN), operator of a real name social networking Internet platform in China, after-market close on Tuesday reported its second-quarter financial results. The company reported a net loss for the second quarter, sending the shares down in pre-market trading today.