Market Rewind: E-Trade DECAPITATED, Allscripts POPS, Tech WINS
Markets closed mixed on Wall Street today: Dow -0.08%, S&P +0.04%, Nasdaq +0.25%, Oil +0.35%, Gold +0.25%.
Here’s your Cheat Sheet to today’s top stock stories:
E-Trade Financial Corp.’s (NASDAQ:ETFC) shares rose 7 percent after company announced that CEO Steven Freiberg will leave the company. He’ll be replace in the interim by Frank Petrilli; he currently serves as the chairman on E-Trade’s board of directors.
Allscripts Healthcare Solutions Inc.’s (NASDAQ:MDRX) shares increased 18 percent. After Wednesday’s close, the company announced that it raised its full year per-share earnings outlook. This comes from a shares outstanding reduction and a borrowing increase from stock repurchases. The company has now forecast earnings per share of 77 cents to 83 cents, up from 74 cents to 80 cents.
Robbins & Myers (NYSE:RBN) shares jumped 27 percent after Varco Inc. (NYSE:NOV) said it would acquire the company for $2.55 billion. With the deal, it will broaden the company’s tools, pumps and valves offerings utilized for oil production.
On the down side, Boingo Wireless’ (NASDAQ:WIFI) shares dropped 25 percent after its second-quarter results came in a little lower than estimates; it issued a forecast for the current period lower than its targets. For September, Boingo expects revenue in the range of $25.5 million to $26.5 million, while earnings fall in the $0.05 to $0.06 per share range. Analysts had forecast revenue at $28.9 million with an $0.08 earnings per share for this quarter.
SunPower Corp.’s (SPWR) shares dropped 10 percent after the company reported its second quarter earnings after the bell on Wednesday. It missed revenue estimates and its earning outlook was not well received.