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
The stock was last quoted at $13.30, down 12%, on volume of more than 4 million, according to
The company -- which attributed its performance to a "challenging environment" -- also gave tepid second-quarter guidance, predicting revenue between $14.69 billion and $15 billion. Analysts surveyed by
Thomson Reuters are looking for sales of $15.42 billion.
The news weighed on the other tech bellwethers tied to the PC industry with
Intel(INTC) down 1%;
Microsoft(MSFT) off 0.50%; and
Hewlett-Packard(HPQ), which lost 2.5%.
Petsmart(PETM) gained nearly 10% in late trades after the specialty retailer delivered an above-consensus quarterly profit as same-store sales jumped 7.4%.
The Phoenix-based pet products seller reported first-quarter earnings of $95 million, or 85 cents a share, on sales totaling $1.63 billion, up 9.4% year-over-year. The average estimate of analysts polled by
Thomson Reuters was for a profit of 73 cents a share in the April-ended period on sales of $1.59 billion.
For its fiscal second quarter ending in July, PetSmart sees earnings of 61 to 65 cents a share with same-store sales rising in the mid-single digit percentage range. Wall Street's consensus view is for a profit of 65 cents a share. The company lifted its full-year outlook to earnings of $3.19 to $3.36 a share from a prior projection of $3.02 to $3.16 a share.
The stock was last quoted at $60.65, up 9%, on volume of more than 230,000, according to
Guess?(GES - Get Report) were surging after the Los Angeles-based apparel company handily beat Wall Street's expectations for its first-quarter results.
The company reported first-quarter earnings of $26.6 million, or 30 cents a share, on revenue of $579.3 million, ahead of the consensus view for a profit of 26 cents a share on revenue of $569.9 million.
Guess? cited success in "key" international markets -- China, Germany and Russia -- for its strong performance. The company also forecast earnings of $2.50 to $2.65 a share for fiscal 2012 on revenue ranging from $2.70 billion to $2.74 billion. Shares were up 9.3% to $26.70 on volume of nearly 240,000 in extended trades.