Wednesday, July 18, 2012

Intel’s Earnings a Boost for Market - ZNGA, SBH, SSNC, YHOO, INTC

Zynga Inc (NASDAQ:ZNGA) shares gained 2.18% to $4.68. The company will hold a conference call to discuss financial results for its second quarter 2012 on Wednesday, July 25, 2012, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), following the release of its financial results after the close of market.

Also, Stifel Nicolaus initiated coverage on the shares of the company with a buy rating and $8.50 target price.

Can ZNGA Rebound After Recent Slump? Get Complete Trend Analysis

Sally Beauty Holdings, Inc. (NYSE:SBH) shares declined 7.12% to $25.16 after the company announced preliminary results for the third-quarter ended June 30, 2012. The company reported third quarter GAAP net earnings of $69.5 million, up 0.5% from $69.1 million in the year ago quarter. GAAP earnings per share were approximately $0.37, flat when compared to fiscal 2011 third quarter GAAP earnings per share of $0.37.

Should Investors Buy SBH after Today’s Fall? Get Free Trend Analysis

SS and C Technologies Holdings Inc (NASDAQ:SSNC) shares fell 4.51% to $24.78 after the company announced that the previously announced public secondary offering of 7 million shares of its common stock offered by investment funds affiliated with The Carlyle Group to Citigroup, acting as underwriter for the offering, has been offered by the underwriter to purchasers in one or more transactions directly or through agents, or through brokers in brokerage transactions on The NASDAQ Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices that may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

What technical is suggesting for SSNC, Get Trend Analysis

Yahoo! Inc. (NASDAQ:YHOO) shares gained 0.32% to $15.65 after the company reported a decline of 4.2% in net income at USD 228.4 million for the second quarter, as compared to net income of USD 238.5 million in the year ago period. The company's revenue stood at USD 1.08 billion in the second quarter of 2012, as against USD 1.07 billion in the year ago period.

Intel Corporation (NASDAQ:INTC) stock gained 3.61% to $26.29 after the company posted second quarter net income of $2.83 billion, as compared to $2.95 billion in the same quarter last year. Earnings per share were flat at $0.54 on fewer shares outstanding in the most recent period. Revenue rose to $13.5 billion, as compared to $13 billion in the year ago period.

Additionally, Credit Suisse reissued their outperform rating on shares of Intel and has a $35.00 target price on the stock.

Should Investors Buy INTC after Today’s Rally? Get Free Trend Analysis

No comments:

Post a Comment

Privacy Policy | Legal Disclaimer