13.11.2013 23:58:15
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After-market Movers For Nov 13 (CSCO, PRCP, MM, GWR, YUME)
(RTTNews) - Gainers:
YuMe, Inc. (YUME) gained 20 percent to $7.70. The company slipped to a loss in its third quarter, but was above analysts' expectation. Revenue increased 39 percent and topped Street view.
Decliners:
Cisco Systems, Inc. (CSCO) fell 10 percent to $21.40. The company's first quarter profit declined from the prior year period, while its adjusted earnings per share topped Wall Street view. Revenues improved 1.8 percent, but missed the consensus estimate. The company also authorized up to $15 billion in additional repurchases of its common stock. Perceptron, Inc. (PRCP) plunged 23 percent to $10.22. The company slipped to a loss in its first quarter. The company noted that its gross margin declined sharply due primarily to timing differences between the recognition of revenue and material and labor costs related to the revenue.
Millennial Media Inc. (MM) declined 15 percent to $6.05. The company's third quarter net loss widened from the previous year period. Standalone revenue for the quarter increased, but missed the consensus estimate.
Genesee & Wyoming Inc. (GWR) fell 3 percent to $95.69. The company announced the sale of an aggregate of 5.98 million shares of Class A Common Stock owned by investment funds associated with Carlyle Group. The announced sale represents the entire interest of Carlyle and its associated investment funds in G&W.
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