Sears spikes on plans to sell Canada stake
Jon "DRJ" Najarian | email@example.com
Losses Narrower Than Expected
The department-store operator said this morning that it will spin off a large part of its Canada unit while first-quarter results beat expectations. Management reported an adjusted -$0.31 per share, a narrower loss than the -$0.67 that analysts had expected. SHLD is up 8.12 percent to $55 on tradeMONSTER's extended-hours platform.
Strong Earnings Lift KongZhong
The Chinese game company is spiking higher in extended trading after reporting first-quarter earnings of $0.17 per share, beating the consensus forecast of $0.12 EPS. KongZhong also issued second-quarter revenue guidance of $49 million to $50 million versus the $43.8 million that analysts had been looking for. KONG was last up 10.81 percent to $6.56.
Red Robin Clipped on Guidance
The restaurant chain is down sharply after missing first-quarter guidance. Red Robin Gourmet Burgers had been expected to report revenues of $307.94 million but instead reported $299.5 million on the top line. RRGB is down 7.69 percent to $33 in extended-hours trading.
Boyd Gaming Up With New Deal
The casino operator is trading higher after announcing plans to buy Peninsula Gaming and its five casinos for $1.45 billion. BYD was last up 5.16 percent to $7.34.