Sprint's Price Being Challenged
Clearwire had accepted a $2.97-per-share takeover price by Sprint Nextel, but now Dish Network is jumping in with a $3.30 bid. That has CLWR up more than 7 percent in before the bell on my tradeMONSTER platform.
Apollo Group Lowers Revenue Guidance
Apollo Group's first-quarter results beat expectations, but the outlook remained weak. It now sees 2013 revenue of $3.65 billion to $3.75 billion, down from an earlier range of $3.65 billion to $3.80 billion. APOL is down 9 percent in early trading.
Global Payments Earnings, Revenue Beat
Global Payments earned $0.93 a share, beating the $0.87 average analyst forecast. Revenue of $588.5 million also exceeded the $574.82 million consensus number, and management raised its full-year profit outlook. GPN rose 4 percent after the bell yesterday but hasn't traded yet this morning.
AZZ Continues to Make New Highs
AZZ earned $0.60 a share in its third quarter, while analysts had only expected $0.57. Revenue missed, but investors are focusing on that sold profit number, bidding AZZ up 3 percent in the premarket today.