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: email@example.com.
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