Late Radar Stocks: Groupon Surges, Apple to Challenge Shutterfly
After closing 18.5 percent higher during regular trading, Groupon Inc. (NASDAQ:GRPN) shares surged another 12 percent in late trading. The online coupon giant reported first-quarter earnings excluding items of 2 cents per share, above estimates of 1 cent per share.
A Closer Look: Groupon Earnings Cheat Sheet>>
Agilent Technologies Inc. (NYSE:A) shares jumped 2.8 percent after the closing bell. The company reported net income of $255 million (72 cents per share) in the second-quarter, compared to $200 million (56 cents per share) a year earlier. Bill Sullivan, Agilent president and CEO, said, “Our second-quarter performance demonstrated our ability to deliver strong results despite a challenging economic climate.”
Shares of Yahoo! Inc. (NASDAQ:YHOO) edged lower in late trading. The company and former chief executive officer Scott Thompson agreed to terminate all other agreements between the two. According to a filing with the Securities and Exchange Commission, Thompson will be able to keep some benefits, including his $6.5 million in bonus and equity pay.
Shutterfly Inc. (NASDAQ:SFLY) shares managed to gain .25 percent in late trading, after closing almost 9 percent lower on Monday. Reports indicate that Apple Inc. (NASDAQ:AAPL) is planning to add new photo sharing features to its iCloud. The WSJ reports, “The new features, which could be announced at Apple’s world-wide developer conference beginning June 11, will allow iCloud users to share sets of photos with other iCloud users and to comment on them.”
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