6 Stocks on Our Radar: Angie’s List Climbs Higher, Salesforce Drops 7%, and Nike Raises Dividend 16%
Shares of Angie’s List (NASDAQ:ANGI) continue to climb 1.29% higher in late trading. The company priced its initial public offering at $13 per share and popped as high as $18.75 in debut trading. The company sold 8.79 million shares and is expected to raise $114.3 million. Bank of America (NYSE:BAC) and Merrill Lynch underwriters can also sell another 1.3 million shares.
Intuit Inc. (NASDAQ:INTU) is edging slightly higher after reporting quarterly results. The company’s loss narrowed to $64 million (loss of 21 cents per diluted share) from $70 million (loss of 22 cents per share) in the same quarter a year earlier. Competitors include: Microsoft (NASDAQ:MSFT) and H&R Block, Inc. (NYSE:HRB).
Salesforce.com (NYSE:CRM) is down nearly 7% as margins shrink due to rising costs. The company reported a loss of $3.8 million (3 cents per diluted share) in the quarter, while it had net income of $21.1 million or (15 cents per share) in the year earlier quarter.
Marvell Technology Group (NASDAQ:MRVL) is receiving a boost in extended trading hours. Net income for the company fell to $195.1 million (32 cents per share), compared to $255.7 million (38 cents per share) a year earlier. This is a decline of 23.7% from the year earlier quarter. Shares are up more than 4% on the news.
Despite margins shrinking for the fifth straight quarter, shares of Gap Inc. (NYSE:GPS) are edging .40% higher in late trading. Net income for the apparel store fell to $193 million (38 cents per share), compared to $303 million (48 cents per share) a year earlier. This is a decline of 36.3% from the year earlier quarter. Competitors include: Urban Outfitters (NASDAQ:URBN), Aeropostale, Inc. (NYSE:ARO), and Target (NYSE:TGT).
Nike Inc (NYSE:NKE) is attracting attention after the closing bell as it raises its quarterly dividend 16%. The dividend will be raised from 31 cents per share to 36 cents per share. “We are pleased to increase our dividend for the tenth year in a row,” said Nike CEO Mark Parker.