Stocks to Watch: Kayak, Disney, J.C. Penney

TheStreet.com

NEW YORK -- Priceline.com PCLN pulled off Thursday a surprise deal to acquire Kayak Software KYAK for $1.8 billion in cash and stock, valuing the shares at $40 each.

Kayak shares jumped almost 27% in after-hours trading Thursday to $39.30.

Priceline Makes Surprise Swoop for Kayak


Walt Disney DIS , the media and entertainment giant, posted an in-line quarterly profit on Thursday with net income rising 14% but came up short of analysts' estimates on the top line.

The Earnings Power of the Magic Kingdom


Groupon GRPN , the online deals company, reported a surprise loss for its third quarter with revenue of $568.6 million missing Wall Street's consensus view of $590.1 million.

Groupon Slammed on Earnings Miss


Nordstrom JWN posted third-quarter profit of $146 million, or 71 cents a share, compared with $127 million, or 59 cents a share, a year earlier. Revenue rose 14%.

Nordstrom narrowed its full-year profit outlook to a range of $3.45 to $3.50 a share from guidance of $3.40 to $3.50 a share the retailer issued in August.


Allscripts Healthcare Solutions MDRX said Thursday it's exploring strategic alternatives, perhaps selling itself to a third party.

Shares of the provider of electronic health record services rose as much as 10% in after-hours trading Thursday.


J.C. Penney JCP is expected to post third-quarter results before Friday's opening bell and analysts expect the retailer to post a loss of 7 cents a share on revenue of $3.27 billion. In the same period a year earlier, J.C. Penney earned 11 cents a share on revenue of $3.99 billion.


Other companies reporting quarterly results on Friday include CompuCredit CCRT , E.W. Scripps SSP , Energizer Holdings ENR , Federal Signal FSS , Foster Wheeler FWLT , Ivanhoe Energy IVAN , MGIC Investment MGIC , NutriSystem NTRI , and Warner Chilcott WCRX .


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE. Sign up today to get e-mail alerts before every trade.

Rates

View Comments (1)