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Market Preview: Buckle Up

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