This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Early Stocks in Motion

General Electric (GE - Get Report) said after the bell Monday that its consumer lending unit will purchase and manage the private credit card assets of privately owned department store Belk. GE Consumer Finance will acquire almost $300 million in private label credit card receivables and $200 million from a third-party provider. GE also will provide marketing, servicing and customer care for Belk's 4.2 million retail cardholders as part of a 10-year agreement. GE shares fell 4 cents to $36.16 after hours.

Cyberonics' (CYBX) second-quarter loss widened to $22.1 million, or 88 cents a share, from $2 million, or 8 cents a share, a year ago. Revenue increased to $29.1 million from $25.4 million last year. Analysts expected a loss of 83 cents a share on revenue of $30.5 million, according to Thomson First Call. For its fiscal year, the medical device company expects revenue of $140 million, below Wall Street's forecast of $143.6 million. Cyberonics expects a full-year loss of no more than $50 million. The stock fell 39 cents, or 1.4%, to $27.98 in after-hours trading.

Dycom Industries (DY - Get Report) reported net income of $10.7 million, or 23 cents a share, for the first quarter ended Oct. 29, down from a profit of $15.6 million, or 32 cents a share, for the year-ago period. Contracting revenue fell to $260.9 million from $263.2 million last year. The results beat analysts' expectation for earnings of 20 cents a share and revenue of $232 million. But for the second quarter, the provider of contracting services anticipates earnings of 4 cents to 11 cents a share, below Wall Street's forecast of 12 cents. The company predicts revenue of $195 million to $220 million, compared with analysts' projection of $204.8 million. The stock was down 33 cents, or 1.6%, to $20.12 in after-hours trading.

PepsiCo (PEP - Get Report) agreed to buy Stacy's Pita Chip in an effort to broaden its "macrosnack" category. Pepsi, which operates snack maker Frito-Lay, said Stacy's Pita Chip has sales approaching $60 million for the year and more than 100 employees. "Stacy's enables Frito-Lay to be a leader in the pita chips category, while supporting our plans to expand our snack offerings to meet consumers' changing needs and lifestyles," said Irene Rosenfeld, Frito-Lay chairman and CEO, in a statement. Terms of the deal weren't disclosed. Shares of PepsiCo were unchanged at $58.40 after hours.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
ATRM $2.71 3.83%
CTRN $23.36 1.88%
DY $46.96 2.44%
HAS $70.39 0.30%
GE $26.81 -0.41%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs