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

Market Preview: Buckle Up

And finally, it was a busy after-hours session on Wednesday with Activision Blizzard (ATVI - Get Report), Qualcomm (QCOM - Get Report), Monster Beverage (MNST - Get Report), and Whole Foods Market (WFM - Get Report) among the names making headlines.

Shares of Activision were rising more than 2% after the gaming company topped Wall Street's profit view on the strength of its latest "World of Warcraft" release, "The Mists of Pandaria" and its "Skylanders" franchise. Excluding items, Activision earned 11 cents a share on revenue of $751 million, ahead of the consensus estimate of 8 cents a share on revenue of $709.8 million.

Whole Foods Markets, meantime, reported an in-line profit for its fiscal fourth quarter but also announced a 40%-boost to its quarterly dividend to 20 cents per share. The stock slipped 2% to $94.07 in late trades.

Shares of Monster Beverage were losing more than 12% on heavy volume after the embattled energy drink maker missed on both the top and bottom lines in its latest quarter. The company earned 47 cents a share in the September-ended period on revenue of $541.9 million, below analyst expectations for a profit of 55 cents a share on revenue of $578.5 million.

Qualcomm's stock was up nearly 8% after the San Diego-based chip maker beat Wall Street's consensus profit view handily and forecast non-GAAP earnings of $1.08 to $1.16 a share on revenue ranging from $5.6 billion to $6.1 billion for its fiscal first quarter.

-- Written by Michael Baron in New York.



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

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
3 of 3

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
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!
SYM TRADE IT LAST %CHG
ATVI $23.94 0.00%
DIS $109.53 0.00%
MNST $141.78 0.00%
QCOM $68.24 0.00%
WFM $49.63 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs