Tibco rallies on earnings, outlook
Tibco Software earned $0.28 a share in its third-quarter, better than the $0.22 average analyst forecast. Management also gave a positive outlook going forward as orders improve in the Americas. TIBX climbs 8 percent before the opening bell on my tradeMONSTER platform.
Goodyear Rallies After Big Bullish Paper
Option traders were rolling up bullish bets in Goodyear Tire & Rubber yesterday, and today the company delivered! The tire maker decided to reinstate its quarterly dividend and buy back $100 million of shares. It also said it's targeting annual segment operating income growth of 10-15 percent for the next three years. GT climbs another 4 percent in early trading.
Prosensa Craters on Phase III Data
Prosensa Holdings said a clinical trial of its investigation drug drisapersen failed to meet primary endpoints for the treatment of Duchenne Muscular Dystrophy. RNA is getting hammered on the news, losing almost 80 percent of its value in the premarket. Sarepta Therapeutics, which is working on a similar treatment, shed about 6 percent as well.
AK Steel Drops on Expected Loss
AK Steel said it will lose $0.22 to $0.27 a share in the third quarter because of a production disruption. Analysts were modeling a loss of $0.12. AKS drops 11 percent in early trading.
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