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Garmin Ltd. (NASDAQ:GRMN) lowers its FY12 revenue view to $2.75 billion-$2.8 billion, consensus $2.79 billion. Shares of Garmin Ltd. are trading 3.06% higher today.
Silicon Image, Inc. (NASDAQ:SIMG), a leading provider of wireless and wired HD connectivity solutions, announced today that, to date, it has shipped more than 100 million MHL(NYSE:R) (Mobile High-Definition Link) products to leading mobile manufacturers worldwide. The quick market adoption of MHL technology indicates that the MHL standard is quickly turning into the de facto HD connectivity solution for the delivery of a seamless and interactive user experience with the connection of a mobile device to a larger screen display. Shares of Silicon Image, Inc. are trading 26.08% higher today.
Digital River, Inc. (NASDAQ:DRIV) Q2 earnings fell 31 percent following a tax benefit which boosted the provider of e-commerce outsourcing’s results from the previous year and as revenue fell slightly, missing the Digital River’s revenue estimates. Shares dropped after hours while the company reduced its year’s expectations, noting weaker personal-computer sales and macroeconomic uncertainty. Shares of Digital River, Inc. are trading 25.69% lower today.
Humana Inc. (NYSE:HUM) shares fell over 14 percent Tuesday, a day following the managed-care provider’s report of Q2 earnings and its cut to its profit outlook for the year. This move dragged at least one insurer which could have had an up day otherwise. Shares of Humana Inc. are trading 4.35% higher today.
Piedmont Natural Gas Company Inc. (NYSE:PNY) and Davidson College stated Tuesday they have reached a settlement regarding a controversial plan for a natural gas pipeline across property which the college classifies as an ecological preserve. The deal should shift the pipeline route into an utility corridor which already exists on college property. The newly agreed route, on the southern part of the college property, is expected to affect the college cross country trail. But PNG has agreed to replant trees following the installation of the pipeline. Shares of Piedmont Natural Gas Company Inc. are trading 0.35% higher today.
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