Gran Tierra Energy Inc. (NYSEAMEX:GTE) stock gained 2.90% to $4.61 after the company reported second-quarter net income of $13.1 million, or $0.05 per share, s compared to $31.6 million, or $0.11 per share, for the comparable quarter in 2011. Revenue and other income decreased by 29% to $115.2 million, as compared with $162.1 million in the comparable quarter last year. Analysts expected the company to report earnings of $0.09 per share on revenues of $156.79 million for the quarter.
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Sirius XM Radio Inc (NASDAQ:SIRI) shares climbed 5% to $2.31 after the company posted second quarter net income of $3.1 billion or $0.48 per share, as compared to last year's $173 million or $0.03 per share. On a pre-tax basis, earnings declined to $137.62 million from last year's $175.94 million. Revenue climbed 13% to $837.54 million from last year's $744.40 million. Analysts expected earnings of $0.02 per share on revenues of $834.38 million.
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Eastman Kodak Company (PINK:EKDKQ) shares plunged 23.91% to $0.440. On August 6, 2012, Reuters reported that Eastman Kodak Co which is planning to auction 1,100 digital patents, received two bids from investor groups including Apple Inc and Google Inc of between $150 million and $250 million. Kodak's auction is slated to begin on August 8, 2012 morning.
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Chimera Investment Corporation (NYSE:CIM) stock climbed 9.63% to $2.39. The company today reported that each of the Company's previously issued consolidated financial statements included in the Company's Annual Reports on Form 10-K for the years ended December 31, 2010, 2009 and 2008, and interim consolidated financial statements included in the Company's Quarterly Reports on Form 10-Q for the quarter ended September 30, 2008 and for all subsequent quarters through the quarter ended September 30, 2011 need to be restated.
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Further, the company plans to initiate a regular quarterly dividend of $0.09 per share for each of the third quarter and fourth quarter of 2012. Portions of such distributions may be ordinary income, capital gains or a return of capital. The Board of Directors will review this program after the conclusion of the fourth quarter of 2012.
Aeropostale, Inc. (NYSE:ARO) stock gained 4.69% to $13.61. Analysts at JPMorgan Chase lowered their price target on shares of Aeropostale from $24.00 to $15.00 in a research report issued to clients and investors yesterday. The firm currently has a “neutral” rating on the stock.
Additionally, the company will be holding its quarterly earnings conference call for all interested parties on Thursday, August 16, 2012 at 4:15 PM (EDT).