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
TheStreet Open House

Yahoo, Nvidia: After-Hours Trading

Nvidia

Shares of Nvidia (NVDA) 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.com

Shares of Tree.com (TREE) soared after the company agreed to sell its mortgage origination business to Discover Financial Services (DFS) 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 Nasdaq.com.

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.

Nordstrom

Nordstrom (JWN) 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.

Eastman Kodak

Shares of Eastman Kodak (EK) jumped more than 7% to $3.05 on volume of less than 500,000 after the company reportedly got a favorable decision in its patent dispute with Apple (AAPL).

The dispute involves two patents held by Eastman Kodak related to digital camera technology, and Bloomberg 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 (RIMM) 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.



>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to: tips@thestreet.com

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,143.21 +11.24 0.07%
S&P 500 1,997.45 -1.53 -0.08%
NASDAQ 4,551.3230 -1.4360 -0.03%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs