(NVDA - Get Report)
slipped in extended action after the graphics chip maker
trounced Wall Street's expectations for its latest quarter
but didn't back up that outperformance with a bullish enough outlook for the current period.
The Santa Clara, Calif.-based company reported a non-GAAP [generally accepted accounting principles] profit of $165.7 million, or 27 cents a share, for the three months ended May 1. Revenue totaled $962 million for the latest quarter.
The latest numbers trumped the average estimate of analysts polled by Thomson Reuters for a profit of 19 cents a share in the quarter on revenue of $948 million. However, for the second quarter ending in July, Nvidia said it sees sequential revenue growth of 4-6%, a slowdown from the 8.5% pace it set in the first quarter.
The stock was last quoted at $19.89, down 3%, on volume of 3.3 million.
(TREE - Get Report)
soared after the company agreed to sell its mortgage origination business to
Discover Financial Services
(DFS - Get Report)
for $55.9 million.
"This move enables us to bring more focus to our core lead generation business at a time when demand for LendingTree leads is particularly strong," said Doug Lebda, the company's chairman and CEO, in a press release. "In addition to the purchase price, this transaction will unlock significant cash that can be used to invest in our other verticals as we continue towards revenue diversification."
The stock was last quoted at $7.25, up 34.3%, on volume of around 26,000, according to
Tree.com, whose shares were down more than 30% in the past year prior to the move in the extended session, said it expects the transaction to close by the end of 2011.
(JWN - Get Report)
took a hit after the upscale retailer
lowered its full-year outlook
to reflect costs related to its acquisition of online "flash sale" company Hautelook.
Nordstrom brought its fiscal 2011 outlook down to a profit of between $2.80 and $2.95 a share because of costs related to Hautelook from a prior projection of $2.95 to $3.10 a share. The company also forecast a same-store sales increase of 2-4% for the year, a view that represents a decline from the 7.8% growth in comparable sales post in the first quarter.
The current average estimate of analysts polled by Thomson Reuters was for a profit of $3.13 a share for the fiscal year ending in January 2012.
Nordstrom said it expects Hautelook to produce revenue of between $160 million and $180 million for the year, and breakeven results. The company estimated the pre-tax expenses related to Hautelook will total $47 million, or 20 cents a share, for the year.
The stock was last quoted at $48.14, down 2.1%, on volume of around 875,000. Year-to-date, the shares have risen nearly 15% based on Thursday's regular-session close at $49.17.
jumped more than 7% to $3.05 on volume of less than 500,000 after the company reportedly got a
in its patent dispute with
(AAPL - Get Report)
The dispute involves two patents held by Eastman Kodak related to digital camera technology, and
reported a spokesperson for Kodak as saying: "We're pleased by today's ruling and we are looking forward to the full ITC commission's ruling in our case against Apple and RIM, which is expected in late June."
Kodak is looking to exact royalties from both Apple and
Research In Motion
related to the patents in question. Apple shares ticked lower in late trades, slipping 67 cents, or less than 1%, to $345.90.
Written by Michael Baron in New York.
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