Wednesday, October 17, 2012

Post Market News: eBay Inc (NASDAQ:EBAY), AXP, GIVN, NVAX, ALGN, MNKD

eBay Inc(NASDAQ:EBAY) shares recovered quickly in after hours trading after a brief fall just after the company revealed its third quarter earnings.  During the quarter, the company earned $597 million, or $0.45 a share, up 22% year over year. On an adjusted basis, the company earned $718 million, or $0.55 a share, a penny higher than analysts’ estimates of 54 cents a share.

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The company generated revenue of $3.4 billion, increased 15% year over year, in line with analysts’ estimate.

American Express Company(NYSE:AXP) shares are down 0.62% to $59 in after hours session after the company said that it earned $1.25 billion, or $1.09 per share in its third quarter and revenue surged 4 percent to $7.86 billion from $7.57 billion. Analysts were estimating the company to earn $1.09 per share on revenue of $7.9 billion.

Given Imaging Ltd.(NASDAQ:GIVN) soared 15% as the company disclosed that it is considering strategic option including a potential merger or sale of the company after receiving expressions of interest from a range of parties.

Novavax, Inc.(NASDAQ:NVAX) added 7% after the company said that its Vaccine candidates met safety and immunogenicity endpoints in both trials Trials' results support further development of vaccine in larger trials.

Align Technology, Inc.(NASDAQ:ALGN) extended its fall in after hours and fell another 20% after falling 7.50% in the regular session. Late Wednesday, the company announced its preliminary third quarter results. The company posted preliminary EPS of 29 cents and Non-GAAP EPS of 28 cents, analysts are targeting 29 cents. Revenue came in at $136.5 million, missing analysts’ target of $140.14 million.

MannKind Corporation(NASDAQ:MNKD) plunged 10% after it announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering.

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