Among the companies with shares expected to actively trade in Friday's session are Gap Inc. (GPS), Salesforce.com Inc. (CRM) and Autodesk Inc. (ADSK). Also check out my Top 2011 Stock Gainers, Stocks to Buy 2012.You can also check Hot stocks to Buy Today Right Here.
Gap's fiscal first-quarter profit was unchanged from the prior year, as the casual-apparel retailer reported higher same-store sales in North America but weakness abroad and a jump in operating expenses. Shares rose 4.7% to $27.55 after hours as the company raised its full-year earnings guidance.
Salesforce.com swung to a fiscal first-quarter loss as operating costs and stock-based expenses jumped, although the company's top-line growth and quarterly billings easily exceeded expectations. Shares jumped 6.4% to $142.40 after hours.
Design software maker Autodesk's fiscal first-quarter earnings rose 14% on stronger revenue in all its major markets, led by Asia-Pacific and the Americas. Shares sank 8.6% to $31.75 after hours as the company forecast mostly weak estimates for the current quarter.
Marvell Technology Group Inc. (MRVL) reported better-than-expected fiscal first-quarter results and provided strong guidance for the current period as the chip maker benefits from strong demand for its processors in Chinese smartphones and a recovering hard-disk drive industry. Shares were up 3% to $13.70 after hours.
Osiris Therapeutics Inc. (OSIR) said it has been authorized by Health Canada to market its main stem cell therapy Prochymal for the treatment of acute graft-vs-host disease in children. Shares climbed 15% to $6.05 after hours.
Pacific Sunwear of California Inc.'s (PSUN) fiscal first-quarter loss narrowed on improved same-store sales and margins. Shares surged 10% to $1.30 after-hours as same-store sales came in at the high end of company projections and the loss wasn't as bad as expected.
S&W Seed Co. (SANW) said it will offer an unspecified number of shares of its common stock as the seed producer looks to raise funds for working capital needs and general corporate purposes. Shares slipped 5% to $5.40 after hours.
Sequenom Inc. (SQNM) said Coventry Health Care Inc. (CVH) has terminated its agreement to provide coverage for the life-sciences company's MaterniT21 Plus laboratory-developed test. Sequenom shares were down 8.4% to $4.37 after hours.
Gap's fiscal first-quarter profit was unchanged from the prior year, as the casual-apparel retailer reported higher same-store sales in North America but weakness abroad and a jump in operating expenses. Shares rose 4.7% to $27.55 after hours as the company raised its full-year earnings guidance.
Salesforce.com swung to a fiscal first-quarter loss as operating costs and stock-based expenses jumped, although the company's top-line growth and quarterly billings easily exceeded expectations. Shares jumped 6.4% to $142.40 after hours.
Design software maker Autodesk's fiscal first-quarter earnings rose 14% on stronger revenue in all its major markets, led by Asia-Pacific and the Americas. Shares sank 8.6% to $31.75 after hours as the company forecast mostly weak estimates for the current quarter.
Marvell Technology Group Inc. (MRVL) reported better-than-expected fiscal first-quarter results and provided strong guidance for the current period as the chip maker benefits from strong demand for its processors in Chinese smartphones and a recovering hard-disk drive industry. Shares were up 3% to $13.70 after hours.
Osiris Therapeutics Inc. (OSIR) said it has been authorized by Health Canada to market its main stem cell therapy Prochymal for the treatment of acute graft-vs-host disease in children. Shares climbed 15% to $6.05 after hours.
Pacific Sunwear of California Inc.'s (PSUN) fiscal first-quarter loss narrowed on improved same-store sales and margins. Shares surged 10% to $1.30 after-hours as same-store sales came in at the high end of company projections and the loss wasn't as bad as expected.
S&W Seed Co. (SANW) said it will offer an unspecified number of shares of its common stock as the seed producer looks to raise funds for working capital needs and general corporate purposes. Shares slipped 5% to $5.40 after hours.
Sequenom Inc. (SQNM) said Coventry Health Care Inc. (CVH) has terminated its agreement to provide coverage for the life-sciences company's MaterniT21 Plus laboratory-developed test. Sequenom shares were down 8.4% to $4.37 after hours.
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