Rich Premium for Debit-Card Firm
NetSpend agreed to be purchased by Total System Services for $1.4 billion, or $16 a share. NTSP, which closed at $12.29 yesterday, is up 30 percent before the bell on my tradeMONSTER platform.
Sina Earnings, Revenue Beat
Sina earned $0.13 a share in the fourth quarter, crushing the $0.05 consensus analyst estimate. Revenue of $139.1 million also beat the $133 million Street number. SINA is rallying 9 percent in early trading.
Office Max, Office Depot Rally on Merger News
Office Max and Office Depot surged yesterday on rumors they'd combine, and now it's official! OMX rallies 10 percent on the news and ODP is gaining 9 percent.
Millennial Media craters on weak results
Millennial Media's earnings met expectations, but everything else missed. Revenue of $58 million trailed the $62.9 million expected by analysts. Even worse, first-quarter sales will be no more than $50 million, well below the $56 million consensus number. MM craters 27 percent in the premarket.
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