Electronic Arts Inc. (NASDAQ:ERTS) soared 6.98% to $17.31 on over 10.95 million shares. The company reported a first quarter non-GAAP loss of $0.24 per share after the close Tuesday, compared to the loss of $0.02 per share in the prior year period. The consensus estimate was for a loss of $0.35. The company expects to report a second quarter loss of $0.10 to $0.15 per share and full year 2011 EPS of $0.50 to $0.70. The consensus estimates are for a loss of $0.10 and a profit of $0.64.
Hertz Global Holdings, Inc. (NYSE:HTZ) dropped 4.32% to $11.07. The company on Tuesday posted better-than-expected quarterly results on higher volumes as business spending recovered, and reaffirmed its full-year forecast.
Hertz’s second-quarter net loss was $25.1 million, or 6 cents a share, compared with net income of $3.9 million, or 1 cent a share, a year ago.
STEC, Inc. (NASDAQ:STEC) went down 3.83% to $15.05. The company reported that its profit for the second quarter declined from the year ago quarter on lower revenues.
The company recorded second quarter net income of $2.8 million or $0.06 per share, compared to $19.4 million or $0.38 per share in the previous year quarter. Non-GAAP income from continuing operations was $4.4 million or $0.09 per share, compared to $21.3 million or $0.42 per share in the same quarter last year.
Whole Foods Market, Inc. (NASDAQ:WFMI) plunged 7.21% to $36.64 after the upscale grocer eased its sales expectations for the current fiscal fourth quarter and into 2011 because of heightened price promotions in the food-retail sector.
For its fiscal third quarter, Whole Foods said net income nearly doubled to $65.7 million, or 38 cents a share, on a 15% sales rise to $2.2 billion.
(SOURCE:newsworthystocks)
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