Stocks to watch: VeriFone, CME

VeriFone shares sink after posting quarterly results, and the exchange operator shares climb after declaring a stock split.

By Benzinga May 25, 2012 9:23AM

By Katey Stapleton


VeriFone (PAY) shares sank 10% in premarket trading Friday after the company reported late Thursday a 43% drop in earnings in the first quarter and provided outlook that disappointed investors. The company's earnings fell because of acquisition and restructuring costs. Revenue, however, was strong, climbing 61% to $472 million. 

 

CME Group (CME) on Thursday declared a five-for-one stock split of its common stock in the form of a 400% stock dividend. According to CME's president Terry Duffy, splitting the stock will help the derivatives marketplace attract "a broader, more diverse investor portfolios." Shareholders will receive dividend payment on July 20, 2012.

 

Bank of America (BAC) and Barclays Bank PLC (BCS) have entered into an agreement with Lehman Brothers Holdings to sell their remaining interest in apartment building owner Archstone for $1.58 billion.

 

Post Holdings (POST), the maker of Honey Bunches of Oats and Grape-Nuts, reported second quarter net income that was down 64% because of excessive advertisement expenses and as revenue dropped from $259 million to $250.5 million. POST closed Thursday at $28.

 

Rue21 (RUE) posted impressive first quarter earnings late Thursday. The retailer reported earnings of $11.6 million, up $2 million from last year's quarter. The company also raised fiscal 2012 earnings guidance to $1.76 to $1.81 per share. 

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

114
114 rated 1
278
278 rated 2
474
474 rated 3
641
641 rated 4
639
639 rated 5
663
663 rated 6
640
640 rated 7
499
499 rated 8
284
284 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
COPCONOCOPHILLIPS9
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
KOGKODIAK OIL & GAS Corp9
CVXCHEVRON CORPORATION8
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.