Nutrisystem swung to a worse-than-expected fourth-quarter loss on sharply lower revenue and softer margins. Shares were recently off 10% at $10.64 after hours following an earlier halt on the stock.
Shuffle Master's fiscal first-quarter earnings jumped 59% as the casino-games business saw sharply higher revenue from its electronic gaming segment. The company easily beat earnings and revenue estimates and said it agreed to buy poker provider Ongame Network Ltd. from bwin.party Services GmbH. Shares rose 5.7% to $15.40 after hours.
Monster Worldwide on Monday confirmed it has retained financial advisers to review its strategic alternatives, raising the possibility of a potential sale of the company. Shares jumped 7.5% to $8.08 after hours as the job-search website said it hired Stone Key Partners LLC and Bank of America Corp.'s (BAC) Merrill Lynch to advise its review.
Shares of the following companies may have unusual moves in U.S. trading tomorrow march 6 2012 . Stock symbols are in parentheses, and prices are as of 4:50 p.m. in New York.
Standard & Poor’s 500 Index futures expiring in March fell less than 0.1 percent to 1,363.40.
Activision Blizzard Inc. (ATVI) rose 1.4 percent to $11.87. The largest video-game maker hired Dennis Durkin, who had been an executive in Microsoft Corp.’s Interactive Entertainment Business, to fill its open chief financial officer position.
Casey’s General Stores Inc. (CASY) : The operator of convenience stores in the U.S. midwest reported third-quarter revenue of $1.58 billion, missing the average analyst estimate by 2.8 percent, data compiled by Bloomberg show.
ConocoPhillips (COP) : The U.S. oil company that plans to spin off its refining business this year expects to sell $10 billion of assets in 2012 and to repurchase $10 billion of shares, Chief Executive Officer James Mulva said during an investor’s conference.
Nutrisystem Inc. (NTRI) lost 6.6 percent to $11.10. The provider of prepared meals to help clients lose weight forecast annual earnings per share of no more than 55 cents, falling short of the average analyst projection of 92 cents a share, data compiled by Bloomberg show.
Shuffle Master Inc. (SHFL) rose 3.6 percent to $15.10. The maker of casino roulette-chip sorters and card shufflers reported first-quarter revenue of $56.1 million, beating the average analyst estimate of $50.5 million.
Skullcandy Inc. (SKUL) (SKUL US) lost 7.3 percent to $13.75. The maker of headphones said Chief Financial Officer Mitch Edwards is resigning, effective April 1.
Steinway Musical Instruments Inc. (LVB) : The piano maker posted fourth-quarter earnings excluding some items of 24 cents a share, missing CJS Securities’ projection of 37 cents, data compiled by Bloomberg show.
VeriFone Systems Inc. (PAY) increased 0.8 percent to $46.91. The largest maker of credit-card terminals forecast 2012 earnings may be as much as $2.66 a share excluding some items, compared with the average analyst projection of $2.60 a share.
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