Kansas City Southern
Kansas City Southern withdraws its outlook, sending shares lower. The railroad operator its taking back its 2015 revenue and volume guidance, citing uncertainty around the energy markets and currency impacts. Separately the company established a new $500,000 share repurchase plan to run through 2017. Still, shares fell more than two percent to $94.89.
Shares of Avago Technologies spiked today on a Reuters report saying Avago has contacted Xilinx, Renesas Electronics and Maxim Integrated products about a potential takeover. Avago rose three percent to $126.94, Xilinx was almost three percent higher, Maxim rose about five percent. Renesas trades in Tokyo.
Applied Materials posted late earnings that beat on the top and bottom lines. The company reported its highest quarterly revenue in three years as chip makers spent more on technology used to make smartphones and memory chips. Profit also grew almost 40 percent. Shares popped initially after the close. The stock ended the regular session off by a few cents to $19.86.
A disappointing outlook sent shares of King Digital sharply lower initially after hours. The maker of Candy Crush managed to post results that were well above estimates, but it expects softer growth. Shares were down as much as nine percent after the bell. Before the close the stock fell more than four percent to $14.99.
Party City delivered its first report since going public. The party supply retailer announced a narrower first quarter loss than analysts anticipated. Shares were higher right after the close. In regular trading the stock was off by a penny to close at $21.75.