Wednesday, August 1, 2012

Zynga Inc Continues To Trade Below $3 (D, OC, ZNGA, TPLM, MA)

Dominion Resources, Inc. (NYSE:D) stock declined 0.39% to $54.10 in the morning hour after the company reported second-quarter GAAP net earnings of $258 million or $0.45 per share, from $336 million or $0.58 per share in the year ago quarter. Operating earnings amounted to $337 million or $0.59 per share, as compared to $338 million or $0.59 per share for the same period in 2011. Analysts expected the company to report earnings of $0.60 per share for the quarter.

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Owens Corning (NYSE:OC) shares fell 3.20% to $26 in the early hour after the company reported second quarter net earnings of $39 million, or $0.32 per diluted share, as compared to $79 million, or $0.62 per diluted share reported for the corresponding quarter last year. Adjusted earnings for the second quarter of 2012 were $66 million, or $0.54 per share. Consolidated net sales declined to $1.39 billion from $1.45 billion in the same period last year. Analysts expected earnings per share of $0.64 on revenues of $1.50 billion for the quarter.

Zynga Inc (NASDAQ:ZNGA) stock fell 2.90% to $2.86 in the morning hour and made another record low of $2.75. An investor in shares of Zynga filed a lawsuit in the U.S. District Court for the Northern District of California against Zynga, Inc. over alleged violations of Federal Securities Laws in connection with certain financial statements. Shares of the have lost 41% since reporting its second quarter earnings which was below analysts’ target and the company trimmed its full year earnings estimates.

Can ZNGA Bounce Back Now -  ZNGA

Triangle Petroleum Corporation (NYSEAMEX:TPLM) shares climbed 6.62% to $5.96 in the early hour after the company today announced an investment by Natural Gas Partners ("NGP"), an Irving, Texas based private equity firm, a revised capital expenditure program and provided an operational update including operated well results and RockPile Energy Services developments.

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Mastercard Inc (NYSE:MA) stock declined 2.97% to $423.62 after the company earned $700 million, or $5.55 per share in the second quarter, up from $608 million, or $4.76 per share, a year earlier. Adjusted profit was $713 million, or $5.65, beating analysts' estimates. Net revenue increased 9.2% to $1.82 billion. Analysts were expecting the company to earn $5.58 per share on revenue of $1.88 billion.

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