Noon Radar Stocks: Here’s Why Yelp, First Solar and Green Mountain SURGE Higher

Yelp (NYSE:YELP) shares surged more than 18 percent in Tuesday trading. The social media company reported an impressive 67 percent rise in second quarter revenue to $32.7 million, compared to $19.6 million a year earlier.

Shares of Metlife (NYSE:MET) gained over 5 percent in Thursday trading after reporting financial results for the second quarter. Net income jumped to $2.3 billion ($1.33 per share), compared to $1.09 billion ($1.13 per share) a year earlier. “MetLife continued to perform well in the second quarter particularly given the current environment,” said Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. “Our story is clear – consistent execution on the fundamentals of the business. Our underwriting discipline is paying off, our investment income and core spreads are healthy, and we’re successfully managing through the low-interest-rate environment.”

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First Solar (NASDAQ:FSLR) shares jumped 27 percent today. The company announced that net income for the second quarter increased 81.5 percent to $111 million ($1.27 per share), compared to $61.1 million (70 cents per share) a year earlier. Revenue also gained 79.7 percent to $957.3 million. “Despite market uncertainties, First Solar delivered strong performance in the quarter,” said Jim Hughes, CEO. “Looking forward, we are confident we have the right long-term strategy and the right platform to enable long-term growth and value creation.”

Despite initially selling off during late afternoon trading yesterday, Green Mountain Coffee Roasters (NASDAQ:GMCR) shares increased more than 30 percent today. The company announced net income of $73.3 million (46 cents per share) for the fiscal third quarter, compared to $56.3 million (37 cents per share) a year earlier. Revenue also increased 21.2 percent to $869.2 million. Starbucks (NASDAQ:SBUX) shares edged slightly higher on the news.

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