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Aug. 8, 2013, 2:57 p.m. EDT

Thursday’s movers: Tesla, Orbitz, Dean Foods

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By Wallace Witkowski and Saumya Vaishampayan, MarketWatch

SAN FRANCISCO (MarketWatch) — Shares of Tesla Motors Inc. and Orbitz Worldwide Inc. rose Thursday, while shares of Dean Foods Co. declined.

Gainers

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Watch Groupon, Priceline.com

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Orbitz shares jumped 35% to $12.45 after the online travel site topped second-quarter expectations and raised its guidance for the year.

Shares of Tesla Motors /zigman2/quotes/203558040/composite TSLA -6.42% rose 15% to $154.64. The electric-car maker narrowed its loss in the second quarter and posted an adjusted per-share profit of 20 cents, as deliveries of its Model S cars beat its expectations. Read: Recap of Tesla’s earnings call with Chief Executive Elon Musk.

Groupon Inc. /zigman2/quotes/207356672/composite GRPN -3.59% shares rallied 25% to $10.88. The daily-deals website late Wednesday posted second-quarter sales that beat expectations and named Eric Lefkofsky as chief executive officer, months after firing co-founder Andrew Mason.

Cliffs Natural Resources Inc. /zigman2/quotes/205424168/composite CLF +0.93% led the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.01% with a 9% gain to $22.04. Short interest in the mining firm currently stands at more than 36% of shares outstanding and has been climbing all year. Shares hit their 52-week low of $15.41 in early July.

Shares of Newmont Mining Corp. /zigman2/quotes/205356474/composite NEM +1.63% rose 9% to $28.83, rebounding from Wednesday’s 52-week low of $26.43.

J.C. Penney Co. shares rose 7% to $13.71 on a report that the ailing retailer is looking to replace Chief Executive Mike Ullman at the insistence of activist investor Bill Ackman.

L Brands Inc. shares gained 5% to $60.34 after the retailer raised its second-quarter forecast and reported July same-store sales above estimates.

Smart Technologies Inc. shares surged 26% to $2.21. The company, which makes digital whiteboards, said late Wednesday its fiscal first-quarter profit jumped to $9.2 million from $1.5 million a year earlier.

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Tesla shares soar after surprise earnings beat

Electric-car maker Tesla Motors reported second-quarter results that surpassed Wall Street expectations Wednesday, sending its shares higher in after-hours trading.

On its first day of trading, shares of Fox Factory Holding Corp. /zigman2/quotes/208878916/composite FOXF +0.30% jumped more than 24% to $18.63 a share after the maker of vehicle suspension products priced its initial public offering at $15 a share late Wednesday.

WageWorks Inc. shares jumped 20% to $40.17 after second-quarter results topped Wall Street estimates late Wednesday.

SunEdison Inc. shares rose 8% to $8 after the semiconductor and solar technology firm’s stock was raised to a buy from neutral by Bank of America Merrill Lynch.

Scientific Games Corp. shares rose nearly 7% to $14.35 after the gambling-products maker’s second-quarter revenue topped estimates.

Decliners

Dean Foods shares fell 7% to $10.21 after the dairy firm’s third-quarter earnings outlook fell short of the analyst consensus.

CenturyLink Inc. fell 5% to $34.50, making the stock the top decliner in the S&P 500. The telecommunications company late Wednesday reported a surge in second-quarter profit, but a decline in revenue and adjusted its full-year estimates.

Windstream Corp. shares dropped 3% to $8.35 after the telecom company reported a 22% decline in second-quarter earnings and reduced its full-year revenue forecast.

Green Mountain Coffee Roasters Inc. shares fell 2.5% $77.24. The company said late Wednesday its fiscal third-quarter profit jumped, but the increase in revenue missed analysts’ expectations.

Shares of SolarCity Corp. /zigman2/quotes/205874957/delayed SCTY 0.00% fell 11% to $37.93. The solar company posted late Wednesday a narrower second-quarter loss and a 19% drop in revenue.

Crocs Inc. /zigman2/quotes/201458716/composite CROX -0.50% shares fell 5% to $13.32 after Sterne Agee downgraded the casual-footwear maker’s stock to underperform.

Tower Group International Ltd. shares dropped 24% to $16.43 after the insurer warned of potential record hits to its loss reserves.

Central Garden & Pet Co. /zigman2/quotes/207636516/composite CENT -3.66% /zigman2/quotes/206292828/composite CENTA -4.07% shares dropped 15% to $6.80 after the company’s fiscal third-quarter results fell well short of the Wall Street consensus.

Ion Geophysical Corp. shares fell 12% to $5.60 after the firm’s second-quarter results fell short of Street expectations.

/zigman2/quotes/203558040/composite
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Volume: 48.32M
May 20, 2022 4:00p
P/E Ratio
90.09
Dividend Yield
N/A
Market Cap
$734.97 billion
Rev. per Employee
$626,347
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/zigman2/quotes/207356672/composite
US : U.S.: Nasdaq
$ 12.07
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Volume: 1.09M
May 20, 2022 4:00p
P/E Ratio
5.93
Dividend Yield
N/A
Market Cap
$375.10 million
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$263,159
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/zigman2/quotes/205424168/composite
US : U.S.: NYSE
$ 21.79
+0.20 +0.93%
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May 20, 2022 4:00p
P/E Ratio
3.18
Dividend Yield
0.00%
Market Cap
$11.33 billion
Rev. per Employee
$859,615
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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/zigman2/quotes/205356474/composite
US : U.S.: NYSE
$ 67.19
+1.08 +1.63%
Volume: 6.14M
May 20, 2022 4:00p
P/E Ratio
50.92
Dividend Yield
3.27%
Market Cap
$52.47 billion
Rev. per Employee
$395,065
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/zigman2/quotes/208878916/composite
US : U.S.: Nasdaq
$ 78.96
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May 20, 2022 4:00p
P/E Ratio
19.24
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N/A
Market Cap
$3.32 billion
Rev. per Employee
$340,465
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/zigman2/quotes/205874957/delayed
US : U.S.: OTC
$ 0.25
0.00 0.00%
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May 20, 2022 11:41a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.63 million
Rev. per Employee
$393,435
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/zigman2/quotes/201458716/composite
US : U.S.: Nasdaq
$ 54.01
-0.27 -0.50%
Volume: 2.04M
May 20, 2022 4:00p
P/E Ratio
4.85
Dividend Yield
N/A
Market Cap
$3.34 billion
Rev. per Employee
$435,609
loading...
/zigman2/quotes/207636516/composite
US : U.S.: Nasdaq
$ 41.91
-1.59 -3.66%
Volume: 77,465
May 20, 2022 4:00p
P/E Ratio
15.23
Dividend Yield
N/A
Market Cap
$2.29 billion
Rev. per Employee
$484,567
loading...
/zigman2/quotes/206292828/composite
US : U.S.: Nasdaq
$ 39.35
-1.67 -4.07%
Volume: 416,603
May 20, 2022 4:00p
P/E Ratio
14.30
Dividend Yield
N/A
Market Cap
$2.29 billion
Rev. per Employee
$484,567
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Wallace Witkowski is a MarketWatch news editor in San Francisco. Follow him on Twitter @wmwitkowski. Saumya Vaishampayan is a MarketWatch reporter based in New York. You can find her on Twitter @saumvaish.

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