Stocks BUZZING Post Bell: Nasdaq’s Apology, Apple Ripens Innovation, MW Crashes 18%
Nasdaq OMX Group Inc. (NASDAQ:NDAQ) shares fell 1.55 percent in late trading. In an interview with CNBC after the closing bell, chief executive officer Robert Greifeld said the exchange has been “embarrassed” over the Facebook (NASDAQ:FB) initial public offering debacle and has “apologized to the industry.” Shares of the social-media giant closed 3.64 percent higher Wednesday, but edged slightly lower in late trading.
Shares of Men’s Wearhouse Inc. (NYSE:MW) plummeted more than 18 percent in extended trading hours. The company reported that first-quarter earnings came in at 52 cents per share, compared to estimates of 55 cents per share. The company also guided lower for the second-quarter, expecting earnings of $1.12-$1.13 per share, compared to estimates of $1.22 per share.
Apple Inc. (NASDAQ:AAPL) shares continued to edge higher after posting a 1.53 percent gain on Wednesday. A new spec sheet — the kind Apple puts on the packaging of its computers — was sent anonymously to 9to5Mac on Wednesday, detailing a thinner and lighter notebook featuring a higher-resolution display. Though the information is unconfirmed, the spec sheet image describes the new 15-inch model as being 0.74 inches thick and weighing 4.7 pounds, putting it in the same league as the MacBook Air.
Annie’s Inc. (NYSE:BNNY) shares jumped nearly 3 percent in late trading. The organic food company announced earnings of 24 cents per share in the fiscal fourth-quarter, beating expectations of 21 cents per share. Sales for the quarter ended March 31 increased 17.5 percent to $43 million, compared to the same period last year.
Investor Insight: Is Apple Stealing PC Thunder?