Midday movers: Starbucks, Groupon, Limelight
Eurozone worries keep the major indexes basically flat.
Dollar General (DG) reported better-than-expected quarterly results on the top and bottom line and raised its full-year earnings view, but fears of dilution outweighed the positive sentiment about earnings as the company also filed to sell 25 million shares of common stock for holders. Dollar General's stock was down about 3% near noon.
Among the notable gainers Tuesday are Westport Innovations (WPRT), up over 18%, following its announcement of a deal with Caterpillar (CAT) to co-develop natural gas technology for off-road equipment that Craig-Hallum called a validation of Westport's technology, and Groupon (GRPN), up more than 7%, as Benchmark Co. said that the expiration of the company's IPO lock-up last Friday removed an overhang on the stock. Also higher were shares of Freescale Semiconductor (FSL), up about 8%, after naming Gregg Lowe, formerly of Texas Instruments (TXN), as its new president and CEO.
Noteworthy losers include Shuffle Master (SHFL), down almost 16%, following its report of earnings that were in line with consensus estimates, and Limelight Networks (LLNW), down over 12%, after Netflix (NFLX) announced that it would use its own Internet content delivery network. Jefferies said in a note to investors that Netflix accounts for 11% of Limelight's revenue.
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.
The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
VIDEO ON MSN MONEY
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.