5 Active Late Movers: EA Buys Social Game Maker, Zumiez Zooms 12%, and Apple Phases Out Tracking Software
Shares of Electronic Arts (NASDAQ:ERTS) are edging .10% higher in late trading. The video game maker announced Thursday that it has purchased KlickNation, a maker of social games. KlickNation has developed Facebook games such as Age of Champions and SuperHero City. Competitors include: Take-Two Interactive Software Inc. (NASDAQ:TTWO) and Activision Blizzard, Inc. (NASDAQ:ATVI).
After closing 2.1% higher on Thursday, shares of H&R Block (NYSE:HRB) are down more than 3% in extended hours. The tax company reported a fiscal second-quarter loss of $141.7 million (47 cents per share), compared to a loss of $109 million (36 cents per share) last year.
Zumiez Inc. (NASDAQ:ZUMZ) is surging more than 12% after the closing bell. The company reported strong profits for the third quarter. Net income for Zumiez Inc. rose to $14.1 million (45 cents per share), compared to $12.3 million (40 cents per share) in the same quarter a year earlier. This marks a rise of 14.8% from the year earlier quarter. Competitors include: Hot Topic Inc. (NASDAQ:HOTT) and Pacific Sunwear of California (NASDAQ:PSUN).
Amid privacy concerns, Apple (NASDAQ:AAPL) has decided to phase out tracking software from Carrier IQ Inc. Apple announced it stopped supporting the company i most of its products when they were upgraded to the iOS 5 mobile operating system, which was released two months ago. Competitors include: Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).
Verizon (NYSE:VZ) is climbing .16% higher after the company’s board named President and CEO Lowell McAdam as its chairman. The move will take effect January 1. Mr. McAdam has been president and CEO since August 1, and has been on the board since March. Verizon competes with AT&T (NYSE:T) and Sprint (NYSE:S).
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