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Zipcar Inc’s (NASDAQ:ZIP) ($6.95, -$3.69, -34.67%) Q2 loss narrowed as the car-sharing operator reported higher sales, despite the face that the company conceded it faces a few challenges since new-member gains were under expectations and growth in the U.K. and was tempered because of a weak local economy. Shares dropped hitting the lowest level since the company went public in April 2011, as Zipcar minimized its revenue outlook for the year and stated that it brought in fewer new members than predicted. Shares of Zipcar Inc are trading 34.9% lower today.
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OpenTable Inc (NASDAQ:OPEN) stock surged over 15 percent on Friday following the company’s Q2 results beating Wall Street’s estimates. Late Thursday, OpenTable, a provider of online restaurant reservations, reported adjusted earnings of 42 cents per share on revenue of $39.6 million. Analysts polled by FactSet predict earnings totaling 37 cents per share on revenue of $39.4 million. Shares of OpenTable Inc are trading 14.52% higher today.
Mercadolibre Inc (NASDAQ:MELI): After last night’s quarterly earnings report, MELI scored an upgrade to “overweight” from “neutral” today at J.P. Morgan. The brokerage firm also increased its target on the stock to $100, suggesting an expected upside of 50.3 percent to Thursday’s close at $66.52. MELI is making progress toward the century mark before the bell, with the shares set to open almost 15 percent higher at $76.45. The stock does need to keep climbing to make it back into positive territory for 2012 though, while MELI’s year-to-date breakeven stands at $79.54. Shares of Mercadolibre Inc are trading 24.29% higher today.
Aeropostale, Inc.’s (NYSE:ARO) stock dropped by approximately 33 percent on Thursday following the company’s announcement of its Q2 fiscal 12 revenues update. Aeropostale posted flat sales for Q2, and expects to only break even after previous estimates called for $0.03-$0.05 per share profit. Also, the company’s comparable sales missed market expectations, and Q2 comps excluding the e-commerce channel fell 1 percent versus to a 14 percent fall during the same period last year. The results of Aeropostale contrasted sharply with rival American Eagle Outfitters (NYSE:AEO), which recently increased its Q2 forecast due to improved fashion and leaner inventory. Shares of Aeropostale, Inc. are trading 2.06% higher today.
Blue Nile, Inc. (NASDAQ:NILE) stated on Thursday that its Q2 profit fell almost 43 percent despite a rise in sales as costs grew.For its Q2, which ended July 1, the company reported a net income of $1.6 million, or 11 cents per share. That was down from $2.8 million, or 19 cents per share, in the second quarter of 2011. Shares of Blue Nile, Inc. are trading 37.22% higher today.
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