Actuant Corporation(NYSE: ATU) moved down 7.26% to $27.45.The Company reported first quarter net income of $36.34 million compared to $37.17 millionin the prior year period. The profit per share was $0.49 compared to $0.50 in prior year period. However, analysts expected the Company to report profit per share of $0.50 in the quarter. Net sales were $377.25 million compared to $392.80 million in the last year. However, analysts expected revenue of $396.37 million in the quarter. The Company expects second quarter fiscal 2013 to be in the range $360 million-$370 million and profit per share of $0.34-0.38. However, analysts expect the Company to report second quarter profit per share of $0.46 on revenue of $393.37 million.
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Zynga Inc(NASDAQ: ZNGA) surged up 1.67% to $2.42 on a traded volume of 3.42 million shares.Zynga Inc and Facebook Inc have revised and extended the terms of a contract that was set to expire at the start of next year. The new agreement ensures that both companies will remain partners till 2015. According to the new deal, the game developer company will capture a ton of freedom from the social networking giant.
BP plc (ADR)(NYSE: BP) is up 0.45% to $42.22 on s traded volume of 1.92 million shares.The Company has sold its stake in China’s Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Co or KUFPEC for $308 million.The sale of 34.3% interest in Yacheng gas field, the second announcement this week, takes BP inches away from the $ 38 billion asset disposals target it had planned to bolster finances after setting aside about $ 40 billion to pay for the worst US oil spill.
General Motors Company(NYSE: GM) augmented 8.20% to $27.58.The Company is trying to clear the stigma of being partly owned by the U.S. government and will spend $5.5 billion to buy back 200 million shares of its stock from the treasury. The governmentpromised to sell its remaining 300 million shares on the open market starting in January and get out of the company's business within the next 12 to 15 months.
Rocky Mountain Chocolate Factory Inc (NASDAQ: RMCF) soared 0.09% to $10.61. The Company said that it is aware of a Schedule TO filed with the U.S.Securities and Exchange Commission by PST Capital Group Ltd after the close of market trading on December 18, 2012.The Schedule TO claims that PST has made an offer to RMCF's Board ofDirectors to acquire all outstanding shares of RMCF'scommon stock for 13.50 per share.
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