Stocks BUZZING After the Bell: MS Debuts the Facebook Short Play, Coinstar and Starbucks Team Up
After closing almost 4 percent lower on Tuesday, Facebook (NASDAQ:FB) shares continued to edge lower in late trading. Morgan Stanley (NYSE:MS) announced after the closing bell that it is now lending out shares of the social-networking giant to sell short. Shares of Facebook hit a new intra-day low on Tuesday at $25.75.
Shares of Coinstar Inc. (NASDAQ:CSTR) jumped 3.44 percent in extended trading. Dow Jones reported that the company has agreed to a five-year deal with Starbucks Corp. (NASDAQ:SBUX) to open several hundred coffee kiosks across the United States. The kiosks will sell coffee for a dollar and will be located in drug stores, retailers and other outlets. Shares of Starbucks also edged higher on the news.
Ulta Salon Cosmetics and Fragrance Inc. (NASDAQ:ULTA) shares gained nearly 1 percent late Tuesday. The company announced that first-quarter income jumped 49.7 percent to $34.9 million (54 cents per share), compared to $23.3 million (37 cents per share) a year earlier. Chuck Rubin, President and Chief Executive Officer of Ulta stated, “2012 is off to a great start. Our team delivered another quarter of excellent financial performance by continuing to execute on our five point strategy of accelerating store growth, introducing our guests to new brands, products, and services, enhancing our loyalty program, broadening our marketing reach, and increasing our focus on Ulta.com.”
Mattress Firm Holding Corp. (NASDAQ:MFRM) shares plunged 13 percent after the closing bell. The company announced that first-quarter revenue increased to $209.8 million, compared to $151.9 million a year earlier. However, analysts were expecting revenue of $212 million for the quarter.
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