Stocks to Watch: Kayak, Disney, J.C. Penney
NEW YORK --
Priceline.com
(PCLN)
pulled off Thursday a surprise deal to acquire
Kayak Software
( KYAK) for $1.8 billion in cash and stock, valuing the shares at $40 each.
Kayak shares jumped almost 27% in after-hours trading Thursday to $39.30.
Priceline Makes Surprise Swoop for Kayak
Walt Disney
(DIS) - Get Report
, the media and entertainment giant, posted an in-line quarterly profit on Thursday with net income rising 14% but came up short of analysts' estimates on the top line.
The Earnings Power of the Magic Kingdom
Groupon
(GRPN) - Get Report
, the online deals company, reported a surprise loss for its third quarter with revenue of $568.6 million missing Wall Street's consensus view of $590.1 million.
Groupon Slammed on Earnings Miss
Nordstrom
(JWN) - Get Report
posted third-quarter profit of $146 million, or 71 cents a share, compared with $127 million, or 59 cents a share, a year earlier. Revenue rose 14%.
Nordstrom narrowed its full-year profit outlook to a range of $3.45 to $3.50 a share from guidance of $3.40 to $3.50 a share the retailer issued in August.
Allscripts Healthcare Solutions
(MDRX) - Get Report
said Thursday it's exploring strategic alternatives, perhaps selling itself to a third party.
Shares of the provider of electronic health record services rose as much as 10% in after-hours trading Thursday.
J.C. Penney
(JCP) - Get Report
is expected to post third-quarter results before Friday's opening bell and analysts expect the retailer to post a loss of 7 cents a share on revenue of $3.27 billion. In the same period a year earlier, J.C. Penney earned 11 cents a share on revenue of $3.99 billion.
Other companies reporting quarterly results on Friday include
CompuCredit
( CCRT),
E.W. Scripps
(SSP) - Get Report
,
Energizer Holdings
(ENR) - Get Report
,
Federal Signal
(FSS) - Get Report
,
Foster Wheeler
(FWLT)
,
Ivanhoe Energy
(IVAN)
,
MGIC Investment
(MGIC) - Get Report
,
NutriSystem
(NTRI) - Get Report
, and
Warner Chilcott
(WCRX)
.
-- Written by Joseph Woelfel
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