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Showing posts with the label Stocks and markets in the News | After Hours

Stocks and Markets in the News | After Hours: Facebook, Starbucks results on deck after hours

By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Facebook Inc. shares will be the spotlight in after-hours trading Thursday, leading a heavy lineup of quarterly results, as the social-media site releases its first quarterly report as a public company.  Analysts polled by FactSet are looking for Facebook’s second-quarter earnings to come in at 12 cents a share on revenue of $1.16 billion. Read preview of Facebook's results.    Facebook FB -8.55%  shares fell more than 6% to $27.41 during the regular session, dragged lower alongside shares of games maker Zynga Inc. ZNGA -37.48%  .  Zynga late Wednesday said its dealing with problems in its key soc

Stocks and Markets in the News | After Hours: Whole Foods, Akamai shares leap after hours

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By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Shares of Whole Foods Market Inc. and Akamai Technologies Inc. rallied more than 10% Wednesday evening following better-than-expected quarterly results from the grocer and the online content-services provider.  Whole Foods shares WFM -0.83%  bounced 11% higher to $93.80 as the company said fiscal third-quarter earnings were 63 cents a share, up from 50 cents a share, in the year-ago period. Analysts surveyed by FactSet expected 61 cents a share. Sales rose 14% to $2.7 billion, and comparable-store sales increased 8.2%. Whole Foods also raised its 2012 earnings target.  Stock in Akamai AKAM +1.19%  jumped 11% to $31.41 following the company’s report o

Stocks and Markets in the News | After Hours: Ryder slumps, Medtronic up in after-hours trade

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By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Shares of Ryder System Inc. dropped late Thursday after the truck-rental and logistics company cut earnings forecasts, and shares of Medtronic Inc. edged higher following a dividend hike by the medical-device maker.  Ryder shares R -3.91%  fell 9.5% to $36.90 in light volume as Ryder said its revised second-quarter and 2012 earnings forecasts stem in part from a slowdown in commercial vehicle rentals and efforts to downsize its fleet of cars and trucks. Ryder also said it expects “a slower demand environment to continue through 2012.”  Stocks hit after Goldman call, data Global growth worries slammed stocks, driving major benchmarks to their second-biggest losses of the year. Michael Santoli has details on The News Hub. (Photo: Scott Eells/Bloomberg)  Ryder projected second

Stocks and Markets in the News | After Hours: Bed Bath & Beyond stocks slide after hours

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By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Bed Bath & Beyond Inc. shares dropped sharply Wednesday evening after the houseware retailer’s outlook came in below Wall Street’s expectations, and shares of Red Hat Inc. fell, with the business-software company posting higher quarterly revenue as well as higher operating costs. Shares of Bed Bath & Beyond Inc. BBBY -1.41%  fell 11% to $65.50 as the company said it expects second-quarter earnings of 97cents to $1.03 a share. Analysts polled by FactSet Research currently expect earnings of $1.08 a share. Ahead of the report, the stock had gained 40% over the past 12 months. For its first quarter, profit at Bed Bath & Beyond rose to $206.8 million, or 89 a shar

Stocks and Markets in The News | After hours: Adobe, FSI drop after hours following outlooks

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By Carla Mozee , MarketWatch  — LOS ANGELES (MarketWatch) Shares of Adobe Systems Inc. and FSI International Inc. each fell Tuesday evening after weaker-than-expected forecasts from the technology companies.  Suddenly, investors 'like' Facebook Facebook’s stock has risen nearly 30% in the past week. Why? WSJ MarketBeat lead writer Steven Russolillo makes a stop on Mean Street to explain.  Adobe Systems ADBE +0.80%  lost 4.3% to $31.49 as the design-software company projected fiscal third-quarter revenue of $1.075 billion to $1.125 billion, and adjusted earnings of 56 cents to 61 cents a share. Analysts polled by FactSet Research had been looking for 61 cents a share in earnings on revenue of $1.134 billion. Adobe also narrowed its 2012 sales view and revised its fiscal-year earnings outlooks, with the targets reflecting “a

Stocks and markets in the News | After Hours: Huntsman highlight after-hours trades

By Rex Crum , MarketWatch  SAN FRANCISCO (MarketWatch) — A relatively mild after-hours trading session was in the works Thursday, with Huntsman Corp. one of the most-active stocks following reports that the chemical company is being shopped around to private-equity firms.  Huntsman HUN +9.23%   shares fell more than 8% in after-hours trading after reports surfaced saying Bank of America/Merrill Lynch was inquiring with several private-equity companies about acquiring Huntsman, which is known for making chemicals used in paint, automobiles, clothing, housing and construction. Huntsman has been considered an acquisition target for some time.  AOL AOL -5.65%  shares were mostly quiet in after-hours

Stocks and markets in the News | After Hours: Mattress Firm shares stumble after hours

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By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Shares of Mattress Firm Holding Corp. dropped more than 10% Tuesday evening, with the company’s quarterly sales falling short of Wall Street’s projection.  Mattress Firm MFRM -1.34% , a retailer that sells its own brand of mattresses along with lines including Sealy and Simmons, saw its stock slump 12% at $30.90 in active volume. The company said first-quarter revenue rose 38% to $209.8 million from $151.9 million a year ago, but the most recent result was below the Thomson Reuters consensus estimate of $212 million.    Casinos place bets on the mall The continuing expansion of casinos has included racetracks, riverboats, urban centers and a reclaimed steel mill. Now there's a first: a casino in an existing shopping mall. Alexandra Berzon has details. (Photo

Stocks and markets in the News | After Hours | MarketWatchStarbucks, Dollar General shares fall after hours

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By Carla Mozee , MarketWatch  LOS ANGELES (MarketWatch) — Shares of Starbucks Corp. fell Monday after the coffee retailer said it will purchase a San Francisco-based bakery chain, and Dollar General Corp. stock turned lower after the retailer outlined a plan for a secondary offering by some shareholders.  Late-traded Starbucks shares SBUX +3.36%  fell 2.6% at $52.50, cutting into their 3.4% gain during the regular session, as the company said it will acquire privately held La Boulange bakery chain for $100 million in cash. Starbucks plans to serve La Boulange’s pastries, breads and sandwiches under the La Boulange name in its U.S. stores.    Mobile ads target iPhone users Mobile-ad networks are using new techniques to target iPhone users by circumventing Apple's earlier efforts to protect user privacy. Joel Schectman repor