Medical Distributor Valued at $2.1 Billion
PSS World Medical announced it will be purchased by McKesson for $29 a share, or $2.1 billion. PSSI, which closed below $22 yesterday, shoots higher by 33 percent in before the bell on my tradeMONSTER platform.
Zynga Earnings, Revenue Exceed Consensus
Zynga reported breakeven results for the third quarter on revenue of $316.6 million. Analysts had expected a loss of $0.01 per share and revenue of $256.43 million. ZNGA rose 16 percent in early trading.
Strong Results Drive Akamai Higher
Akamai Technologies reported third-quarter earnings of $0.43 a share, versus the $0.41 consensus forecast. Revenue of $345 million also beat the $338 million estimate. AKAM pops 10 percent in the premarket.
Crocs Plunges After Sales Trail Expectations
Crocs earnings beat expectations, but revenue was just $295.57 million. Analysts had expected $302.37 million. Guidance was also below current Street numbers, and CROX is down 12 percent before the bell.
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