Panera Bread (PNRA) shares declined in late trading after the restaurant chain provided a fiscal Q2 EPS forecast below Wall Street consensus. The St. Louis, Missouri-based company projects EPS to be in the range of $1.70 to $1.76 in the current quarter. The average estimate of 24 analysts was for EPS of $1.86, according Capital…
Riverbed Technology, Inc. (NASDAQ:RVBD), which focuses on application performance infrastructure, is steady late Tuesday after its Q1 profit beat expectations by a penny, while revenue meets. The company reported non-GAAP net income of $40 million, or $0.24 per share, up from $39 million, or $0.23 per share, a year earlier and a penny better than…
Open Text Corp. (OTEX) is up 6% late Friday, getting a boost from late-Thursday earnings. But the software company also said it is filing a shelf registration statement on Form S-3 (the Shelf Registration Statement) with the U.S. Securities and Exchange Commission (SEC), which becomes effective automatically. Filing of the Shelf Registration Statement is in…
As the first bell-whether company to report, Alcoa Inc (NYSE:AA) said Q1 came in at a loss of $(0.16)/share. Excluding $276 million in special charges (from smelter and rolling mill capacity reductions), operating earnings for the metals and mining company were $0.09 (versus the street at $0.05). The delta versus analyst estimates came from strong performance…
Boyd Gaming (NYSE:BYD) is surging in after-hours trading after activist hedge fund Elliott Associates disclosed a stake in the casino operator. In a filing with the SEC, Elliott disclosed it owns 4.99% of Boyd’s outstanding common stock, with a 2.05% exposure to common shares via derivatives. Elliott said its combined economic exposure to Boyd (NYSE:BYD)…
Emmis Communications (NASDAQ:EMMS) jumped 4.7% after a federal court rules in favor of Emmis (NASDAQ:EMMS) regarding dissident preferred shareholders. The judge now orders final judgement in the case. This ends a two-year fight with preferred shareholders who objected to Indianapolis-based media company’s decision to eliminate stock dividends and remove voting rights. Emmis Communications (NASDAQ:EMMS) is…
