Aeroflex Holding Corp. (ARX US) erased 7.1 percent to $12.02 after dropping 7.3 percent earlier, the most intraday since Dec. 12. The designer of radio frequency and microwave integrated circuits forecast adjusted earnings in 2012 to be no more than 79 cents a share, less than the average analyst estimate by 5 cents.
Akamai Technologies Inc. (AKAM US) rose 12 percent, the most in the Standard & Poor's 500 Index, to $38.69. The operator of a server network that lets businesses speed data delivery reported quarterly sales and profit that topped analyst estimates, boosted by holiday online shopping.
Diamond Foods Inc. (DMND US) plunged 37 percent to $23.18 for the biggest retreat in the Russell 2000 Index. The snack maker said it will restate earnings for the past two years and replace its chief executive officer and chief financial officer after an internal probe found the company booked payments to walnut growers in the wrong periods.
Groupon Inc. (GRPN US) declined 10 percent to $22.08 and slumped 14 percent earlier, the most intraday since Nov. 23. The largest daily-deal site had an unexpected fourth-quarter loss after an expansion into lower-margin businesses sapped profitability during its first period as a publicly traded company.
Imperial Sugar Co. (IPSU US) rose the most in the Russell 2000 Index, surging 53 percent to $5.15. The Sugar Land, Texas- based company reported a loss of 29 cents a share in the first quarter, narrower than the 76 cents estimated by Janney Montgomery Scott LLC.
IRobot Corp. (IRBT US) sank 30 percent to $26.69 after sliding 32 percent, the most intraday since its initial public offering in November 2005. The maker of robots that vacuum and wash floors forecast earnings in 2012 of no more than 95 cents a share, missing the average analyst estimate of $1.39.
Lorillard Inc. (LO US) climbed 7.3 percent to $121.68 and reached 121.86 earlier, the highest intraday price since 2008. The cigarette maker increased its quarterly dividend to $1.55 per share from $1.30, and reported fourth-quarter earnings excluding some items of $2.20 a share, beating the average analyst estimate by 24 cents.
Taleo Corp. (TLEO US) surged 17 percent to $45.51 after rising to $45.56, the highest intraday price since it went public in 2005. Oracle Corp. (ORCL US), the second-largest software maker, agreed to buy the maker of employee recruiting and screening software for $46 a share, an 18 percent premium to the Dublin, California-based company's closing price before the deal was announced.
Teradata Corp. (TDC US) rose 8.5 percent to $62.96 and advanced to $63.73, the highest intraday price since 2007. The data-storage software company reported fourth-quarter earnings that beat the average analyst estimate by 6.3 percent, according to data compiled by Bloomberg.
Thoratec Corp. (THOR US) rallied 15 percent to $35.30 and jumped 17 percent earlier, the most intraday since April 18. The maker of implantable heart devices reported fourth-quarter profit that exceeded analysts' estimates. Piper Jaffray Cos. raised the stock's rating to “overweight” from “neutral.”
TripAdvisor Inc. (TRIP US) declined 17 percent, the most in the S&P 500, to $28.51. The online travel-recommendation service spun off from Expedia Inc. in December reported fourth quarter profit excluding some items that missed the average analyst estimate by 21 percent, data compiled by Bloomberg show.
TriQuint Semiconductor Inc. (TQNT US) fell 8 percent to $6.29 after sinking 9.7 percent, the most intraday since Oct. 27. The chipmaker forecast first-quarter earnings excluding some items of 1 cent to 3 cents a share, compared with the average analyst estimate of 3 cents, data compiled by Bloomberg show.
Visa Inc. (V US) rose 5.4 percent to $114.24 and climbed to $114.90 earlier, the highest intraday price since its March 2008 IPO. The world's biggest payments network said fiscal first- quarter profit climbed 16 percent, exceeding analyst projections, as consumers increased use of credit and debit cards.
United Technologies Corp. (UTX US) had the biggest gain in the Dow Jones Industrial Average, adding 2 percent to $83.41. The maker of Pratt & Whitney jet engines is studying the sale of a pump-and compressor-making division to raise cash for the planned purchase of aerospace supplier Goodrich Corp., people with knowledge of the matter said.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment