Miles J. Stoner, @StockHollywood

Dallas, Texas

8.10.2010

Aug 10

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  1. Business software maker Novell Inc (NOVL:$6.01,00$-0.07,00-1.15%) cut its third-quarter revenue outlook due to customer uncertainty surrounding its plan to explore strategic alternatives, including a sale of itself.
    • expects third-quarter net revenue of $197-$199 million, compared with its earlier outlook of $205-$210 million.
    • 5.63-6.01

  2. MBIA Inc. (MBI:$9.1900,$0.3200,3.61%) gained solidly in limited-volume evening action when the company announced Q2 net income rose to $6.32 per share from $4.30 a share a year earlier. 
    • The stock spiked higher, forming a range of 9.20 to 10.25 in night trade, though holding primarily in the 9.80 to 10.25 range; the biggest volume support came with a second leg higher between 9.80 and 10.20.
    • 9.19-10.33, 7.6%

  3. Iridium Communications (IRDM:$10.28, up.06c, up .59%.) reported net income for the second quarter was $3.2 million compared to net income of $28.6 million for the second quarter of 2009.
    •  10.19-10.66, 1.2%

  4. Universal Display Corp. (PANL:$20.65,00$0.45,002.23%) reported a Q2 loss of 12 cents a share, compared with a loss of 18 cents a share a year earlier and a penny better than the Street view for a loss of $0.13.
    • 20.28-21.30, 2.9%

  5. Baltic Trading Ltd. (BALT:$11.7500,$0.2900,2.53%) reported Q2 net income of 12 cents a share on revenue of $6.99 million. The company began operations in October 2009, so comparable data isn't available.
    • 11.75-12.80, flat

  6. Yahoo (YHOO:$14.40,00$0.06,000.42%) said it won its patent dispute with Bright Response in an Eastern Texas District Court, according to a statement released after hours.
    • 14.34-14.48, 0.06%

  7. Volterra Semiconductor Corporation (VLTR:$20.19,00$-1.06,00-4.99%)  to replace Phase Forward on S&P 500.

  8. LDK Solar Co. (LDK:$7.5300,$0.1800,2.45%) is likely to report second-quarter earnings of 22 cents a share.

  9. Ambac Financial (ABK:$0.9030,$0.0230,2.61%) swung in big moves in both directions during evening trading before and after the company reported a Q2 loss of $0.20 compared to a loss of $8.24 a year earlier. Q2 revenue was $381.2 million.
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  10. THQ Inc (THQI:$4.38,00$-0.20,00-4.37%) posted a narrower-than-expected quarterly loss, but forecast weak second-quarter results as the video game maker does not have any new major title scheduled for release in the quarter.
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  11. JA Solar Holdings Co. (JASO:$6.57,00$0.08,001.23%) is forecast to post earnings of 24 cents a share in the second quarter.
  12. S&P 600 Additions Include
    1. Orion Marine Group (ORN:$12.5700,$-0.0500,-0.40%)
    2. Kirkland's (KIRK:$16.75,00$0.02,000.12%)
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