Friday, February 21, 2014

Stocks to Watch: Groupon, Priceline, Dish Network

Among the companies with shares expected to actively trade in Friday’s session are Groupon Inc.(GRPN), Priceline.com Inc.(PCLN) and Dish Network Corp.

Daily-deals website Groupon warned costs related to recent acquisitions and spending on marketing will weigh on its bottom-line results in the current quarter. Groupon also reported stronger-than-expected fourth-quarter results. Shares slid 13% to $8.98 premarket.

Priceline’s fourth-quarter profit grew 31% as the online-travel agent reported strong bookings growth in the U.S. and internationally, as well as rising gross margins. Shares edged up 2.6% to $1,315.93 premarket.

Dish said its fourth-quarter profit jumped 38% as it added subscribers to both its pay-TV and broadband services. The bottom line beat estimates, pushing shares up 3.4% to $59 premarket.

Aruba Networks Inc.(ARUN) swung to a fiscal second-quarter loss as the wireless-networking equipment maker’s increased expenses more than offset revenue growth and the results also were hurt by one-time items. Shares climbed 9% to $22.98 premarket.

Brookdale Senior Living Inc.(BKD) has agreed to merge with Emeritus Corp.(ESC) in a deal that values the operator of long-term, assisted-living facilities at about $1.4 billion, as the companies look to form a national senior-living-solutions company. Emeritus surged 34% to $28.75 premarket.

FleetMatics Group Ltd.'s(FLTX) fourth-quarter earnings more than tripled as a tax benefit helped boost the bottom line, along with a jump in revenue. However, shares slumped 18% to $32.60 premarket as the company’s earnings outlook fell markedly short of Wall Street’s expectations.

Intuit Inc.(INTU) swung to a fiscal second-quarter loss as the tax-software company recorded a drop in revenue tied to a late start to the tax season. Shares edged up 2.2% to $75.50 premarket.

Juniper Networks Inc.(JNPR) moved to appease activist investors, announcing an operating plan it said would return up to $3 billion to shareholders over the next three years. Shares edged up 2% to $27.95 premarket.

Marvell Technology Group Ltd.(MRVL) said its fiscal fourth-quarter earnings more than doubled as the chip maker reported a double-digit jump in revenue. But shares slipped 2.2% to $15.77 premarket.

Newmont Mining Corp.(NEM) swung to a fourth-quarter loss as the gold and copper producer recorded a steep impairment charge, while results were also hurt by weaker average prices. Shares slipped 0.7% to $24.30 premarket.

WebMD Health Corp.(WBMD) said it swung to a fourth-quarter profit, as the health-information provider reported stronger advertising and sponsorship revenue and attracted more users to its website. Shares edged up 3.4% to $52.40 premarket.

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