The stock was last quoted at $14.71, up. 5.8%, on volume of 10.3 million, according to Nasdaq.com. Dell shares were flat for the past year heading into Tuesday's session, and they dipped 1.3% prior to the report. Since hitting a 52-week high of $17.52 in late August, the stock had declined 20% before Tuesday's surge in extended trades. In the company's conference call following the report, Dell executives reiterated that they are committed to staying a public company in the future, squelching rumblings that the company could be a target for private equity.
ValueClickShares of ValueClick ( VCLK) jumped in late trades after the Westlake Village, Calif.-based online marketing technology company topped Wall Street expectations for its fourth-quarter results and gave a bullish outlook. The company reported an adjusted profit of $25.5 million, or 31 cents a share, on revenue of $128.7 million for the three months ended Dec. 31, ahead of the average estimate of analysts polled by Thomson Reuters for a profit of 23 cents a share on revenue of $124.9 million. The stock was last quoted at $16.40, up 11%, on volume of around 550,000, according to Nasdaq.com. Based on a regular session closing price of $14.80, the shares are down nearly 8% since the start of 2011 but they've gained more than 60% in the past year. The stock's 52-week high of $17.23 came on Dec. 9. For its fiscal first quarter ending in March, ValueClick expects non-GAAP earnings of 21 to 22 cents a share on revenue ranging from $111 million to $113 million. That view compares to the current average analysts' estimates for earnings of 17 cents a share on revenue of $107.8 million in the March period.
Family Dollar StoresA takeover bid sent shares of Family Dollar Stores ( FDO) higher in late trades along with a number of other off-price retailers. Trian Fund, controlled by Nelson Peltz, said in a filing with the Securities and Exchange Commission, that it's offered to acquire Family Dollar for $55 to $60 per share in cash. Trian already owns an 8% stake in Charlotte, N.C.-based Family Dollar, and it now plans to open talks with the company's board and management. The offer was presented to Howard Levine, Family Dollar's CEO and Chairman, on Tuesday.
The stock was last quoted at $55.35, up 26%, on volume of more than 2 million, according to Nasdaq.com. Based on a regular session close of $43.96, the shares were up 36% in the past year. Family Dollar issued a statement confirming its receipt of the Trian offer late Tuesday. The company said its board will review the proposal along with its financial advisor Morgan Stanley and legal counsel Cleary Gottlieb Steen & Hamilton LLP. The news was giving a lift to competitors like Dollar General ( DG), up 7.4% to $28.92 on volume of 740,000; Dollar Tree Stores ( DLTR), advancing 5.5% to $53.75 on volume of around 46,000; and 99 Cents Only Stores ( NDN), which rose 5% to $17.17 on volume of 8,000. Other companies getting a lift in late trades included American Capital ( ACAS), which gained 10% to $9.60 on volume of around 500,000 after the company reported better than expected results for its fiscal fourth quarter; and ReachLocal ( RLOC), which fell 6.2% to $22.64 on volume of roughly 27,000 after it agreed to acquire privately held DealOn Media for $10 million and gave a weak revenue outlook. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: email@example.com