6 Stocks Hitting Radars: Groupon Picks New Board Members, Shutterfly Jumps 10% and Chesapeake Climbs Higher
After closing 10.5 percent lower during regular trading hours, shares of Groupon Inc. (NASDAQ:GRPN) jumped 2.05 percent higher in extended-trading. The company announced it has named two new members to its board of directors. Daniel Henry from American Express (NYSE:AXP) and Robert Bass from Deloitte will join the board.
Shutterfly Inc. (NASDAQ:SFLY) shares jumped more than 10 percent after the closing bell. The company reported a first-quarter loss of $10 million (29 cents per share), compared to expectations for a loss of 32 cents per share. Revenue increased from $57.2 million to $91.3 million.
Anadarko Petroleum Corp. (NYSE:APC) shares gained .75 percent in late trading. The company reported that net income in the first-quarter increased to $2.16 billion ($4.28 per share), compared to $216 million (43 cents per share) a year earlier. “Anadarko delivered record operating results, generated more than $130 million of free cash flow and successfully appraised discoveries in Mozambique, the Gulf of Mexico and Ghana during the first quarter of 2012,” said Anadarko Chairman and CEO Jim Hackett.
Shares of Chesapeake Energy Corp. (NYSE:CHK) edged .87 percent higher in extended-trading. The natural gas giant climbed 4 percent higher in regular trading after it received an upgrade from market perform to outperform by BMO Capital Markets.
Herbalife Ltd (NYSE:HLF) shares fell .85 percent after the closing bell, despite reporting a strong first-quarter. Net income for the company increased 23.6 percent to $108.2 million (88 cents per share), compared to $87.6 million (71 cents per share) a year earlier. “Our business momentum has continued into 2012, with strong sales performance from each of our six regions,” said Michael O. Johnson, the company’s chairman and CEO. “The financial strength of our business model is once again reflected in our cash flow generation in the quarter.”
Integrated Device Technology Inc. (NASDAQ:IDTI) shares dropped more than 7 percent in late trading. According to Reuters, the company will purchase PLX Technology Inc. for $330 million, in order to expand its product portfolio and customer base. PLX designs and develops integrated circuits.
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