Market Focus

DirecTV & AT&T

The reported deal between DirecTV and AT&T may be heating up. Earlier this month AT&T reportedly approached DirecTV about a possible takeover. Well now, there are reports that the two companies could strike a deal as soon as two weeks from now. That sent shares of DirecTV higher after the close. During the regular session the stock was off a fraction to $87.16.

Core Laboratories

Shares of Core Laboratories got hammered today after the company lowered its guidance. The energy services provider cut both its second quarter and fiscal 2014 outlook. The stock tumbled more than 11.5 percent to $167.02.

Tesaro

Shares of Tesaro surged after the drug maker announced its medicine that prevents chemotherapy-induced nausea met late-stage study goals. The company aims to submit for approval in mid 2014. The stock spiked 21 percent to $29.05.

Gogo

Gogo shares were on the go in today’s trading session. The in-flight internet provider posted a better than expected 35 percent jump in quarterly revenue, as more travelers used its services. The company also saw an increase in the amount of commercial aircrafts providing Gogo. The stock rose six percent to $12.67.

Elizabeth Arden

Elizabeth Arden reported ugly third-quarter results. The cosmetics company saw revenues decline by 20 percent, hurt by weak sales in North America in its perfume business. The company says it’s exploring strategical alternatives. The stock was initially halted after the report, but it reopened down double-digits. During the regular session shares were up almost two percent to $32.63.

Rackspace Hosting

Rackspace’s first-quarter earnings beat the Street’s estimates and its revenues were in line. The cloud company saw higher demand for its web-hosting services. Shares spiked after hours, up as much as 11 percent. During the regular session shares were almost five percent higher to $27.53.

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