Aug 10
- 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
- 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.
- 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.
- 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.
- 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.
- 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.
- Volterra Semiconductor Corporation (VLTR:$20.19,00$-1.06,00-4.99%) to replace Phase Forward on S&P 500.
- LDK Solar Co. (LDK:$7.5300,$0.1800,2.45%) is likely to report second-quarter earnings of 22 cents a share.
- 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.
- 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.
- 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.
- S&P 600 Additions Include
- Orion Marine Group (ORN:$12.5700,$-0.0500,-0.40%)
- Kirkland's (KIRK:$16.75,00$0.02,000.12%)
- a
- a
- a