Nvidia's ( NVDA) stock should also be a standout gainer on Friday, although most of the analyst feedback following the company's third-quarter report was fairly restrained. "While we are not fans of NVDA the stock, we have to give credit to the company for transforming its business away from what we believe to be a secularly flattish to down, tied-to-the-PC, discrete graphics business," said BMO Capital in its note following the results. "However, in the process of this transformation, higher opex likely caps EPS leverage for some time, in our view." The firm kept its market perform (the equivalent of a hold) rating on the stock, and Jefferies, ThinkEquity and Canaccord Genuity all offered up similar reiterations of the same sentiment: Things are getting better but they still aren't all that great. After Thursday's close, the graphics chip maker reported fiscal third-quarter earnings of $178.3 million, or 29 cents a share, on revenue of $1.07 billion, beating Wall Street's consensus earnings view by 3 cents. The stock rose nearly 5% in after-hours action to $15.14 on volume of almost 1.8 million.
The Facebook of China, Renren ( RENN), is on track to get de-friended by lots of investors on Friday after the company swung to a loss of $1.2 million in its latest quarter, down from net income of $7.3 million a year earlier, as operating expenses jumped nearly 150%. Renren made its U.S. public debut in early May, pricing more than 50 million American Depositary Shares at $14 each. The stock closed Thursday's regular session at $5.08, down more than 60%, and was off another 11% to $4.50 after the close. -- 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