( CFN )
declined, falling 3.1% to $33.59 after the medical technology company said its 2013 revenue guidance could fall by as much as the low-single-digits on a percentage basis compared with its previous expectation that revenue would grow 1% to 3%.
(PCLN - Get Report)
jumped 3.8% to $765.41 after the online-travel company garnered bullish action with
earnings that beat Wall Street expectations,
offsetting weaker-than-anticipated guidance. Piper Jaffray raised its price target to $850 from $800, followed by Macquarie, Credit Suisse, Jefferies, and Raymond James, overshadowing JMP Securities' and Deutsche Bank's price-target cuts following the second-quarter outlook.
Oil and natural gas exploration company
QEP Resources Inc.
( QEP )
gained 5.4% to $29.88 after its operating arm, QEP Midstream Partners LP, revealed Thursday that it filed for an IPO of as much as $400 million.
(GPS - Get Report)
was another big gainer in the
, tacking on 5.6% to $40.99 after the apparel retailer reported a 7% increase in April same-store sales driven by increases at Old Navy and produced an earnings guidance that also exceeded forecasts. Canaccord Genuity has raised its price target on Gap to $40 from $39 a share.
The U.S. Treasury's monthly budget report showed a monthly net surplus of $112.9 billion in April.
Written by Andrea Tse and Joe Deaux in New York
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