AI
Tuesday, February 12, 2013 8:42:09 PM
ER130212: FTI, RAX, WU, FRT, WSH, DDR, CLF, ACC, HCC, GWR, SGEN, SKT
FMC Technologies, Inc. ( FTI ) is reporting for the quarter ending December 31, 2012. The oil field machinery & equipment company's consensus earnings per share forecast from the 24 analysts that follow the stock is $0.57. This value represents a 39.02% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FTI is 25.98 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Rackspace Hosting, Inc ( RAX ) is reporting for the quarter ending December 31, 2012. The internet services company's consensus earnings per share forecast from the 19 analysts that follow the stock is $0.22. This value represents a 22.22% increase compared to the same quarter last year. In the past year RAX has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for RAX is 98.72 vs. an industry ratio of 34.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Western Union Company ( WU ) is reporting for the quarter ending December 31, 2012. The business services company's consensus earnings per share forecast from the 22 analysts that follow the stock is $0.35. This value represents a -12.50% decrease compared to the same quarter last year. In the past year WU has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WU is 8.53 vs. an industry ratio of -211.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Federal Realty Investment Trust ( FRT ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.10. This value represents a 13.40% increase compared to the same quarter last year. FRT missed the consensus earnings per share in the 4th calendar quarter of 2011 by -1.02%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FRT is 25.07 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Willis Group Holdings Limited ( WSH ) is reporting for the quarter ending December 31, 2012. The insurance brokers company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.44. This value represents a -4.35% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WSH is 14.04 vs. an industry ratio of 20.60.
Developers Diversified Realty Corporation ( DDR ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.27. This value represents a 3.85% increase compared to the same quarter last year. DDR missed the consensus earnings per share in the 1st calendar quarter of 2012 by -4%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DDR is 16.15 vs. an industry ratio of 16.60.
Cliffs Natural Resources Inc. ( CLF ) is reporting for the quarter ending December 31, 2012. The mining (iron) company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.55. This value represents a -61.27% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CLF is 10.15 vs. an industry ratio of 1.80, implying that they will have a higher earnings growth than their competitors in the same industry.
American Campus Communities Inc ( ACC ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.54. This value represents a 8.00% increase compared to the same quarter last year. ACC missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -13.51%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ACC is 24.40 vs. an industry ratio of 23.10, implying that they will have a higher earnings growth than their competitors in the same industry.
HCC Insurance Holdings, Inc. ( HCC ) is reporting for the quarter ending December 31, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.64. This value represents a -14.67% decrease compared to the same quarter last year. In the past year HCC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 45.33%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HCC is 11.68 vs. an industry ratio of 15.80.
Genesee & Wyoming, Inc. ( GWR ) is reporting for the quarter ending December 31, 2012. The transportation (rail) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.81. This value represents a 9.46% increase compared to the same quarter last year. In the past year GWR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GWR is 30.51 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Seattle Genetics, Inc. ( SGEN ) is reporting for the quarter ending December 31, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.13. This value represents a -45.83% decrease compared to the same quarter last year. In the past year SGEN has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 27 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SGEN is -60.08 vs. an industry ratio of -19.40.
Tanger Factory Outlet Centers, Inc. ( SKT ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.45. This value represents a 7.14% increase compared to the same quarter last year. SKT missed the consensus earnings per share in the 1st calendar quarter of 2012 by -2.7%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SKT is 22.12 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
http://www.nasdaq.com/article/afterhours-earnings-report-for-february-12-2013-fti-rax-wu-frt-wsh-ddr-clf-acc-hcc-gwr-sgen-skt-cm216903#.URrvKfLnHe4
Cliffs Natural swings to loss; cuts dividend(5:24 pm ET)
SAN FRANCISCO (MarketWatch) -- Cliffs Natural Resources Inc. (CLF: news, chart, profile) , citing a steep drop in iron ore prices and one-time charges, reported late Tuesday a fourth-quarter loss of $1.62 billion, or $11.36 a share, reversing a year-ago profit of $185 million, or $1.30 a share. Adjusted to exclude one-time items, the company earned $89 million, or 62 cents a share. Revenue for the three months ended Dec. 31 fell to $1.54 billion from $1.6 billion. Analysts surveyed by FactSet had predicted the Cleveland, Ohio-based iron ore and coal mining company would earn 51 cents a share on $1.54 billion in revenue. The company also cut its quarterly dividend 76% to 15 cents a share from 62.5 cents. Cliffs Natural shares fell as much as 7.9% to $33.71 in after-hours trade.
Trulia trims fourth-quarter loss as sales rise(4:51 pm ET)
SAN FRANCISCO (MarketWatch) -- Online real estate marketplace Trulia Inc. (TRLA: news, chart, profile) on Tuesday reported a fiscal fourth-quarter loss of $1.6 million, or 6 cents a share, on revenue of $20.6 million, compared with a loss of $2.1 million, or 30 cents a share, on $11.74. million in sales in the same period a year ago. Excluding one-time items, Trulia would have lost 3 cents a share. Analysts surveyed by FactSet had forecast Trulia to lose 2 cents a share on $19.1 million in revenue. Trulia also said that for its current, fiscal first quarter, it expects to report sales of $20.8 million to $21.2 million, while analysts had forecast Trulia's revenue at $19.3 million .
Western Union profit falls 47%(4:44 pm ET)
SAN FRANCISCO (MarketWatch) -- Western Union Co. (WU: news, chart, profile) reported late Tuesday its fourth-quarter profit fell 47% to $237.9 million, or 40 cents a share, from $452.3 million, or 73 cents a share, a year ago. Revenue for the quarter ended Dec. 31 slipped to $1.42 billion from $1.43 billion. Analysts polled by FactSet had expected the company to earn 35 cents a share on $1.4 billion in revenue. Western Union said it expects to earn from $1.33 to $1.43 a share in 2013, less than the $1.48 a share analysts were looking for. Western Union shares were down 1.6% at $14.11 in after-hours trade. The stock is down 18% over the past 12 months.
McGraw-Hill swings to loss, outlines 2013 estimate(10:39 am ET)
TEL AVIV (MarketWatch) -- McGraw-Hill Cos. (MHP: news, chart, profile) , the New York-based financial-information company, reported a fourth-quarter net loss of $216 million, or 76 cents a share, compared with net income of $214 million, or 73 cents, in the year-earlier quarter. The latest earnings from continuing operations were 67 cents a share compared with 37 cents a year earlier. The latest adjusted earnings from continuing operations were 72 cents a share. McGraw-Hill plans to sell its education division and has classified the unit as a discontinued operation. Revenue reached $1.23 billion, up from $1 billion. A survey of analysts by FactSet produced consensus estimates of profit of 69 cents a share on revenue of $1.53 billion. And McGraw-Hill estimated that in 2013 it would earn an adjusted $3.10 to $3.20 a share, compared with $2.75 in 2012. FactSet's survey had been looking for $3.57 for the year. (Corrects fourth-quarter consensus estimates.)
Monday, Feb. 11
Tesla to release fourth-quarter results Feb. 20 (6:23 pm ET)
NEW YORK (MarketWatch) - Tesla Motors (TSLA: news, chart, profile) said it will release its fourth-quarter and 2012 year-end results on Wednesday, Feb. 20, after the market close. The electric car company will not release earnings on Monday or this week. The announcement follows some "confusion after last week's misreported earnings timing," said Shanna Hendriks, Communications Manager for Tesla. The Silicon Valley-based company designs, manufactures and sells electric cars and components. Tesla shares fell 2% Monday to $38.42.
Tesla shares fall 3.6% premarket(9:22 am ET)
NEW YORK (MarketWatch) -- Tesla Motors Inc. (TSLA: news, chart, profile) shares fell 3.6% in premarket trade on Monday. The maker of electric cars is expected to report a fourth-quarter loss of 59 cents a share on revenue of $298.6 million, according to a consensus survey by FactSet. A key metric will be the number of battery-powered Model S cars, the first Tesla designed from the ground up, produced per week. The company says it is likely to announce the date of its quarterly release this week, but the report won't come Monday. The New York Times on Friday posted a negative review of the Model S's performance on the East coast, saying cold temperatures affected the car's mileage. Tesla has posted a quarterly loss ever since its 2010 IPO.
Friday, Feb. 8
Redbox owner Coinstar sees shares fall 8%(9:53 am ET)
SAN FRANCISCO (MarketWatch) -- Coinstar Inc. (CSTR: news, chart, profile) shares fell 8% Friday, to $47.88 after the operator of the Redbox DVD rental kiosks gave a disappointing first-quarter forecast. Late Thursday, Coinstar said it expects to earn between 77 cents and 92 cents a share, on revenue of $568 million to $593 million. Analysts surveyed by FactSet had forecast Coinstar to earn $1.22 a share, on $628.8 million in revenue for the quarter. Coinstar officials said the company's results would be impacted by a fewer new releases on the schedule for the quarter, as well as investments in the company's Redbox Instant video-streaming service.
LinkedIn, AOL lead strong gains for tech stocks(9:48 am ET)
SAN FRANCISCO (MarketWatch) -- Tech stocks saw strong early gains on Friday morning, led by big surges at LinkedIn and AOL Inc. after the two Internet brands reported positive results for the December quarter. LinkedIn (LNKD: news, chart, profile) shares jumped more than 18% to a new all-time high of $146.90, while AOL (AOL: news, chart, profile) shares rose nearly 12% to $35.04. Videogame publisher Activision Blizzard (ATVI: news, chart, profile) jumped more than 9% following its own results. One notable decliner was Riverbed Technology (RVBD: news, chart, profile) , down nearly 15% after reporting a sharp drop in profits and disappointing outlook. The Nasdaq Composite (COMP: news, chart, profile) rose 0.8% to 3,189 while the Philadelphia Semiconductor Index (SOX: news, chart, profile) rose by 1% in early trades.
Activision shares jump on results, upgrades(9:40 am ET)
SAN FRANCISCO (MarketWatch) -- Shares of Activision Blizzard Inc. (ATVI: news, chart, profile) jumped nearly 10% to $13.22 in early trades on Friday morning after the videogame publisher reported better-than-expected results for the fourth quarter, driven mainly by its "Call of Duty" and "Skylanders" franchises. Analysts from Macquarie Capital and Sterne Agee upgraded the stock to the equivalent of buy ratings before the opening bell, citing the results. "With the initial 2013 guidance now official, continued strength in core franchises, a solid pipeline of new IP, and the increased likelihood of a more shareholder-friendly capital structure, the next catalysts for Activision are likely positive, in our view," wrote Ben Schachter of Macquarie in a note to clients.
AOL shares rise 9% after strong results(9:32 am ET)
SAN FRANCISCO (MarketWatch) -- AOL Inc. (AOL: news, chart, profile) shares climbed 9%, to $34.24 in early trading Friday after the online media company reported upbeat fourth-quarter results prior to the market open. AOL said it earned 41 cents a share, on $599.5 million in revenue, up from earnings of 23 cents a share on sales of $576.8 million. Analysts surveyed by Thomson Reuters had forecast AOL to earn 41 cents a share on $573.7 million in revenue. Sales were led by a 13% increase in advertising revenue. AOL said it was the first year-over-year revenue increase for the company in eight years.
http://www.marketwatch.com/news/markets/earningswatch.asp
FMC Technologies, Inc. ( FTI ) is reporting for the quarter ending December 31, 2012. The oil field machinery & equipment company's consensus earnings per share forecast from the 24 analysts that follow the stock is $0.57. This value represents a 39.02% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FTI is 25.98 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Rackspace Hosting, Inc ( RAX ) is reporting for the quarter ending December 31, 2012. The internet services company's consensus earnings per share forecast from the 19 analysts that follow the stock is $0.22. This value represents a 22.22% increase compared to the same quarter last year. In the past year RAX has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for RAX is 98.72 vs. an industry ratio of 34.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Western Union Company ( WU ) is reporting for the quarter ending December 31, 2012. The business services company's consensus earnings per share forecast from the 22 analysts that follow the stock is $0.35. This value represents a -12.50% decrease compared to the same quarter last year. In the past year WU has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WU is 8.53 vs. an industry ratio of -211.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Federal Realty Investment Trust ( FRT ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.10. This value represents a 13.40% increase compared to the same quarter last year. FRT missed the consensus earnings per share in the 4th calendar quarter of 2011 by -1.02%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FRT is 25.07 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Willis Group Holdings Limited ( WSH ) is reporting for the quarter ending December 31, 2012. The insurance brokers company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.44. This value represents a -4.35% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WSH is 14.04 vs. an industry ratio of 20.60.
Developers Diversified Realty Corporation ( DDR ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.27. This value represents a 3.85% increase compared to the same quarter last year. DDR missed the consensus earnings per share in the 1st calendar quarter of 2012 by -4%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DDR is 16.15 vs. an industry ratio of 16.60.
Cliffs Natural Resources Inc. ( CLF ) is reporting for the quarter ending December 31, 2012. The mining (iron) company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.55. This value represents a -61.27% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CLF is 10.15 vs. an industry ratio of 1.80, implying that they will have a higher earnings growth than their competitors in the same industry.
American Campus Communities Inc ( ACC ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.54. This value represents a 8.00% increase compared to the same quarter last year. ACC missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -13.51%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ACC is 24.40 vs. an industry ratio of 23.10, implying that they will have a higher earnings growth than their competitors in the same industry.
HCC Insurance Holdings, Inc. ( HCC ) is reporting for the quarter ending December 31, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.64. This value represents a -14.67% decrease compared to the same quarter last year. In the past year HCC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 45.33%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HCC is 11.68 vs. an industry ratio of 15.80.
Genesee & Wyoming, Inc. ( GWR ) is reporting for the quarter ending December 31, 2012. The transportation (rail) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.81. This value represents a 9.46% increase compared to the same quarter last year. In the past year GWR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GWR is 30.51 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Seattle Genetics, Inc. ( SGEN ) is reporting for the quarter ending December 31, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.13. This value represents a -45.83% decrease compared to the same quarter last year. In the past year SGEN has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 27 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SGEN is -60.08 vs. an industry ratio of -19.40.
Tanger Factory Outlet Centers, Inc. ( SKT ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.45. This value represents a 7.14% increase compared to the same quarter last year. SKT missed the consensus earnings per share in the 1st calendar quarter of 2012 by -2.7%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SKT is 22.12 vs. an industry ratio of 16.60, implying that they will have a higher earnings growth than their competitors in the same industry.
http://www.nasdaq.com/article/afterhours-earnings-report-for-february-12-2013-fti-rax-wu-frt-wsh-ddr-clf-acc-hcc-gwr-sgen-skt-cm216903#.URrvKfLnHe4
Cliffs Natural swings to loss; cuts dividend(5:24 pm ET)
SAN FRANCISCO (MarketWatch) -- Cliffs Natural Resources Inc. (CLF: news, chart, profile) , citing a steep drop in iron ore prices and one-time charges, reported late Tuesday a fourth-quarter loss of $1.62 billion, or $11.36 a share, reversing a year-ago profit of $185 million, or $1.30 a share. Adjusted to exclude one-time items, the company earned $89 million, or 62 cents a share. Revenue for the three months ended Dec. 31 fell to $1.54 billion from $1.6 billion. Analysts surveyed by FactSet had predicted the Cleveland, Ohio-based iron ore and coal mining company would earn 51 cents a share on $1.54 billion in revenue. The company also cut its quarterly dividend 76% to 15 cents a share from 62.5 cents. Cliffs Natural shares fell as much as 7.9% to $33.71 in after-hours trade.
Trulia trims fourth-quarter loss as sales rise(4:51 pm ET)
SAN FRANCISCO (MarketWatch) -- Online real estate marketplace Trulia Inc. (TRLA: news, chart, profile) on Tuesday reported a fiscal fourth-quarter loss of $1.6 million, or 6 cents a share, on revenue of $20.6 million, compared with a loss of $2.1 million, or 30 cents a share, on $11.74. million in sales in the same period a year ago. Excluding one-time items, Trulia would have lost 3 cents a share. Analysts surveyed by FactSet had forecast Trulia to lose 2 cents a share on $19.1 million in revenue. Trulia also said that for its current, fiscal first quarter, it expects to report sales of $20.8 million to $21.2 million, while analysts had forecast Trulia's revenue at $19.3 million .
Western Union profit falls 47%(4:44 pm ET)
SAN FRANCISCO (MarketWatch) -- Western Union Co. (WU: news, chart, profile) reported late Tuesday its fourth-quarter profit fell 47% to $237.9 million, or 40 cents a share, from $452.3 million, or 73 cents a share, a year ago. Revenue for the quarter ended Dec. 31 slipped to $1.42 billion from $1.43 billion. Analysts polled by FactSet had expected the company to earn 35 cents a share on $1.4 billion in revenue. Western Union said it expects to earn from $1.33 to $1.43 a share in 2013, less than the $1.48 a share analysts were looking for. Western Union shares were down 1.6% at $14.11 in after-hours trade. The stock is down 18% over the past 12 months.
McGraw-Hill swings to loss, outlines 2013 estimate(10:39 am ET)
TEL AVIV (MarketWatch) -- McGraw-Hill Cos. (MHP: news, chart, profile) , the New York-based financial-information company, reported a fourth-quarter net loss of $216 million, or 76 cents a share, compared with net income of $214 million, or 73 cents, in the year-earlier quarter. The latest earnings from continuing operations were 67 cents a share compared with 37 cents a year earlier. The latest adjusted earnings from continuing operations were 72 cents a share. McGraw-Hill plans to sell its education division and has classified the unit as a discontinued operation. Revenue reached $1.23 billion, up from $1 billion. A survey of analysts by FactSet produced consensus estimates of profit of 69 cents a share on revenue of $1.53 billion. And McGraw-Hill estimated that in 2013 it would earn an adjusted $3.10 to $3.20 a share, compared with $2.75 in 2012. FactSet's survey had been looking for $3.57 for the year. (Corrects fourth-quarter consensus estimates.)
Monday, Feb. 11
Tesla to release fourth-quarter results Feb. 20 (6:23 pm ET)
NEW YORK (MarketWatch) - Tesla Motors (TSLA: news, chart, profile) said it will release its fourth-quarter and 2012 year-end results on Wednesday, Feb. 20, after the market close. The electric car company will not release earnings on Monday or this week. The announcement follows some "confusion after last week's misreported earnings timing," said Shanna Hendriks, Communications Manager for Tesla. The Silicon Valley-based company designs, manufactures and sells electric cars and components. Tesla shares fell 2% Monday to $38.42.
Tesla shares fall 3.6% premarket(9:22 am ET)
NEW YORK (MarketWatch) -- Tesla Motors Inc. (TSLA: news, chart, profile) shares fell 3.6% in premarket trade on Monday. The maker of electric cars is expected to report a fourth-quarter loss of 59 cents a share on revenue of $298.6 million, according to a consensus survey by FactSet. A key metric will be the number of battery-powered Model S cars, the first Tesla designed from the ground up, produced per week. The company says it is likely to announce the date of its quarterly release this week, but the report won't come Monday. The New York Times on Friday posted a negative review of the Model S's performance on the East coast, saying cold temperatures affected the car's mileage. Tesla has posted a quarterly loss ever since its 2010 IPO.
Friday, Feb. 8
Redbox owner Coinstar sees shares fall 8%(9:53 am ET)
SAN FRANCISCO (MarketWatch) -- Coinstar Inc. (CSTR: news, chart, profile) shares fell 8% Friday, to $47.88 after the operator of the Redbox DVD rental kiosks gave a disappointing first-quarter forecast. Late Thursday, Coinstar said it expects to earn between 77 cents and 92 cents a share, on revenue of $568 million to $593 million. Analysts surveyed by FactSet had forecast Coinstar to earn $1.22 a share, on $628.8 million in revenue for the quarter. Coinstar officials said the company's results would be impacted by a fewer new releases on the schedule for the quarter, as well as investments in the company's Redbox Instant video-streaming service.
LinkedIn, AOL lead strong gains for tech stocks(9:48 am ET)
SAN FRANCISCO (MarketWatch) -- Tech stocks saw strong early gains on Friday morning, led by big surges at LinkedIn and AOL Inc. after the two Internet brands reported positive results for the December quarter. LinkedIn (LNKD: news, chart, profile) shares jumped more than 18% to a new all-time high of $146.90, while AOL (AOL: news, chart, profile) shares rose nearly 12% to $35.04. Videogame publisher Activision Blizzard (ATVI: news, chart, profile) jumped more than 9% following its own results. One notable decliner was Riverbed Technology (RVBD: news, chart, profile) , down nearly 15% after reporting a sharp drop in profits and disappointing outlook. The Nasdaq Composite (COMP: news, chart, profile) rose 0.8% to 3,189 while the Philadelphia Semiconductor Index (SOX: news, chart, profile) rose by 1% in early trades.
Activision shares jump on results, upgrades(9:40 am ET)
SAN FRANCISCO (MarketWatch) -- Shares of Activision Blizzard Inc. (ATVI: news, chart, profile) jumped nearly 10% to $13.22 in early trades on Friday morning after the videogame publisher reported better-than-expected results for the fourth quarter, driven mainly by its "Call of Duty" and "Skylanders" franchises. Analysts from Macquarie Capital and Sterne Agee upgraded the stock to the equivalent of buy ratings before the opening bell, citing the results. "With the initial 2013 guidance now official, continued strength in core franchises, a solid pipeline of new IP, and the increased likelihood of a more shareholder-friendly capital structure, the next catalysts for Activision are likely positive, in our view," wrote Ben Schachter of Macquarie in a note to clients.
AOL shares rise 9% after strong results(9:32 am ET)
SAN FRANCISCO (MarketWatch) -- AOL Inc. (AOL: news, chart, profile) shares climbed 9%, to $34.24 in early trading Friday after the online media company reported upbeat fourth-quarter results prior to the market open. AOL said it earned 41 cents a share, on $599.5 million in revenue, up from earnings of 23 cents a share on sales of $576.8 million. Analysts surveyed by Thomson Reuters had forecast AOL to earn 41 cents a share on $573.7 million in revenue. Sales were led by a 13% increase in advertising revenue. AOL said it was the first year-over-year revenue increase for the company in eight years.
http://www.marketwatch.com/news/markets/earningswatch.asp
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