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), 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), 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) 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) 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) 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), Energizer Holdings ( ENR), Federal Signal ( FSS), Foster Wheeler ( FWLT), Ivanhoe Energy ( IVAN), MGIC Investment ( MGIC), NutriSystem ( NTRI), and Warner Chilcott ( WCRX).


-- Written by Joseph Woelfel

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Copyright 2012 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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