athenahealth, Inc. (ATHN) stock jumped 9.37 percent to $53.13 in the pre-market trading. Adjusted profit for the second quarter was $7.89 million or $0.22 per share, up from $4.10 million or $0.12 per share last year. Revenue grew 33 percent to $77.89 million. Analysts had expected profit of $0.18 per share on revenue of $75.08 million. For the fiscal 2011, the company increased its adjusted earnings guidance to range of $0.70 to $0.83 per share from previous forecast of $0.68 to $0.78 per share. The company also raised its 2011 revenue outlook to range of $315 million to $325 million from previous range of $300 million to $315 million. Street analysts predict profit of $0.81 per share on revenue of $312.37 million.
Separately, athenahealth said it agreed to acquire Proxsys, LLC, a leading provider of cloud-based care coordination services between physicians and hospitals, for about $28 million plus milestone benefits, in order to accelerates the development of athenahealth's emerging care coordination service, now known as athenaCoordinator. The deal is expected to close in the third quarter of 2011.
Skyworks Solutions Inc. (SWKS) stock grew 9.26 percent to $24.78 in the pre-market trading. Adjusted profit for the third quarter was $93.0 million or $0.49 per share, up from $58.7 million or $0.32 per share last year. Revenue rose to $356.1 million from $275.4 million. Analysts had expected profit of $0.46 per share on revenue of $345.24 million. For the fourth quarter, the company expects adjusted earnings of $0.53 per share and revenue of $400 million, while Street predicts profit of $0.50 per share on revenue of $369.18 million.
SmartHeat Inc. (HEAT) stock gained 6.25 percent to $2.04 in the pre-market trading.
Ryanair Holdings plc (RYAAY) stock increased 5.20 percent to $28.30 in the pre-market trading.
SanDisk Corp. (SNDK) stock rose 3.82 percent to $43.16 in the pre-market trading. Profit for the second quarter was $248.39 million or $1.02 per share, down from $257.89 million or $1.08 per share last year. Adjusted earnings were $278 million or $1.14 per share, up from $258 million or $1.08 per share last year. Revenue rose to $1.38 billion from $1.18 billion. Analysts had expected profit of $0.99 per share on revenue of $1.34 billion. For the latest updates PRESS CTR + D or visit Stock Market news Today
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