Stocks to Watch: Zynga, Facebook, Zumiez, Splunk
NEW YORK --
Zynga
(ZNGA) - Get Report
and
(FB) - Get Report
modified the terms of their partnership.
Zynga shares fell 12% in after-hours trading Thursday after the company disclosed in a regulatory filing that it will no longer have to display Facebook ads or use Facebook payments on its own Zynga.com properties. Facebook will be permitted to develop its own games under the new partnership.
The Digital Skeptic: Facebook Has Many Mouths to Feed in Global Market
Zumiez
(ZUMZ) - Get Report
shares tumbled after the specialty retailer gave a disappointing outlook on Thursday and quarterly revenue came in below analysts' forecasts.
Splunk
(SPLK) - Get Report
, the software company, saw its shares rise in after-hours trading, helped by strong revenue growth.
Splunk generated $52.05 million in third-quarter revenue, up 67% from a year earlier. On a non-GAAP basis, Splunk posted a loss of 1 cent a share. Analysts were looking for a loss of 2 cents a share on $46.67 million in revenue.
Splunk also gave fourth-quarter revenue guidance on Thursday that was above Wall Street estimates.
Splunk Shares Rise on Bullish Forecast
Earnings are expected Friday from
Genesco
(GCO) - Get Report
,
Johnson Outdoors
(JOUT) - Get Report
and
United Natural Foods
(UNFI) - Get Report
.
Citigroup's
(C) - Get Report
trading and investment-banking division plans to cut 150 more jobs and shrink bonuses by as much as 10%,
Bloomberg
reported, citing two people with direct knowledge of the decisions.
3 Companies That May Pay the Next Special Dividend
-- Written by Joseph Woelfel
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