Radar Movers: Billionaire Takes ‘Large Position’ in Apple, SeaWorld Sinks 13%
Shares of SeaWorld Entertainment (NYSE:SEAS) plunged 13 percent in late afternoon trading. The theme park company reported quarterly earnings of 41 cents per share, missing estimates calling for 51 cents per share. The company also reduced its full-year revenue guidance. “We are pleased with our first half results particularly in light of a challenging second quarter due to the unfavorable timing of Easter and adverse weather conditions at many of our parks,” Jim Atchison, president and chief executive officer.
Brocade Communications Systems (NASDAQ:BRCD) surged more than 15 percent in late afternoon hours. The company reported quarterly earnings of 19 cents per share, easily beating analysts’ estimates for 12 cents per share. Revenue of $537 million also topped estimates for $519 million.
BlackBerry (NASDAQ:BBRY) shares closed 1.4 percent higher on Tuesday and continued to edge higher in late afternoon hours. The momentum comes from recently announcing it will begin exploring “strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment.”
Shares of Apple (NASDAQ:AAPL) jumped almost 5 percent on Tuesday, representing its second best trading day of the year. Activist investor Carl Icahn announced via Twitter that his fund has taken a “large position” in the tech giant. Icahn suggested that Apple is still “extremely undervalued.” Icahn’s presence has lifted another well-known companies such as Netflix (NASDAQ:NFLX) and Dell (NASDAQ:DELL).
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