9 Buzzing Movers: Take Two and Genworth Climb Higher, While Wynn Drops 3%

Take Two Interactive Software Inc. (NASDAQ:TTWO) bounced almost 2 percent in late trading, despite reporting a drop in earnings.  In the fiscal third quarter, the video game company reported a net income of $14.1 million (16 cents per share), compared to net income of $40.9 million (45 cents per share).  Shares of Electronic Arts (NASDAQ:EA) edged slightly lower on the results.

Shares of NetSuite Inc. (NYSE:N) jumped 3.13 percent after reporting an increase in fourth quarter revenues.  The company brought in revenue of $64.1 million, compared to $52.1 million in the previous year.

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Despite posting a 53 percent decrease in earnings, shares of Novellus Systems Inc. (NASDAQ:NVLS) gained 1.2 percent after the closing bell.  The company reported a fourth quarter profit of $38.5 million (56 cents per share), compared to $81.5 million (89 cents per share) in the previous year.

Genworth Financial Inc. (NYSE:GNW) shares popped 7.3 percent in extended trading hours.  The company reported a fourth quarter profit of $107 million (22 cents per share), compared to a loss of $161 million a year earlier.

Gilead Sciences Inc. (NASDAQ:GILD) fell .63 percent in late trading.  The bio-pharmaceutical company reported an increase of 5.7 percent in fourth quarter earnings.  Product sales also increased 11 percent.  Last quarter marked the fifth straight quarter that the company saw shrinking gross margins as gross margin fell 1.7 percentage points to 73.4% from the year earlier quarter.

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Wynn Resorts Ltd. (NASDAQ:WYNN) shares broke 3 percent lower after announcing fourth quarter results.  Net income for the resort and casino company rose to $190.5 million ($1.52 per share), compared to $114.2 million (91 cents per share) in the same quarter a year earlier.  Shares of Las Vegas Sands Corp. (NYSE:LVS) and MGM Resorts (NYSE:MGM) also headed lower.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com