Following are the notable stocks which are showing
unusual trading moves in ater hours session on Wednesday:-
Dillard's, Inc.(NYSE:DDS) shares jumped about 7% in afterhours
activity as the company posted solid second quarter profit thanks to strong
gains in same-store sales and cost savings. The company said that it earned $31
million, or 63 cents per share, up 76.10% from a year ago profit of $17.6
million, or 32 cents per share. Comparable sales grew 3% whereas total revenue
grew 3.20% to $1.49 billion. Gross margin during the quarter improved by 70 bps
to 34.30%.
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Zynga Inc(NASDAQ:ZNGA) witnessed another bad news as
the company said that John Schappert, the chief operating officer of online
game maker Zynga Inc., resigned from the company after less than a year and a
half on the job. Zynga declined to say whether it's replacing Schappert. But it
said that Schappert's resignation is not related to any disagreement with the
Zynga on any matter relating to the company's operations, policies or
practices.
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Rosetta Stone Inc(NYSE:RST) slumped 24% in after
hours after the company said that it lost $4.5 million or 22 cents a share in the second
quarter, compared to a year ago loss of $4.6 million or 22 cents a share. Revenue
decreased 9% to $60.8 million reflecting the rationalization of less efficient
kiosks, lower sales internationally and a decline in the Institutional business
because of the non-renewal of the Army and Marines contracts last year.
How
Should Investors Trade RST After today’s
Earnings
However, the company notes international consumer
sales fell 33% Y/Y to $8.1M, worse than Q1's 14% drop, and U.S. consumer swung
from a 52% Q1 increase to a 4% decline. Institutional sales fell 2%, nearly
even with Q1. Rosetta is expanding its 2012 adjusted EBITDA guidance range to
the downside, but is leaving its revenue guidance unchanged. The Street appears
skeptical.
MBIA Inc.(NYSE:MBI) added 5% after the company
posted higher second-quarter net income thanks to a $1.2 billion pre-tax
unrealized gains on insured credit derivatives. Nte income during the quarter
came in at $581 million, or $2.98 per share, from $137 million, or 68 cents per
share, a year earlier. MBIA's total premiums earned in the U.S. public finance
insurance segment rose 23 percent to $130 million.
The company reported an adjusted pre-tax loss of
$152 million in the quarter, compared with a profit of $161 million a year
earlier.
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