Dow Hits Five-Year High on Bernanke Comments, Data
In corporate news, Groupon(GRPN) , reported after the closing bell a fourth-quarter loss of 12 cents a share on revenue of $638.3 million. Analysts forecast the daily deals site to report a profit of 3 cents a share on sales of $638.4 million after the markets close. Shares rose 7.8% during the regular session, but were plummeting more than 23.5% in after hours trades.
Priceline.com(PCLN) , the travel Web site operator, said Tuesday that fourth-quarter net income rose 28%, as bookings on its Web sites jumped 33% to about $6.6 billion in the quarter. Shares popped 2.8%.
Coach(COH) shares added 2.8% amid rumors that the luxury goods company is thinking about selling itself, and following its announcement of new appointments to its creative team, including Zach Augustine. Augustine joins Coach from Nike, where he held the role of global creative director.
First Solar (FSLR) , the solar panel manufacturer, swung to a profit in the fourth quarter but issued first-quarter net income and sales guidance below analysts' forecasts. Shares plunged 13.8%.
Accretive Health (AH) , a provider of services to the health care industry, announced that it will postpone the release of its financial results for the fourth quarter and full-year 2012, as well as its previously announced investor conference call scheduled for Wednesday, because it is evaluating the timing of revenue recognition for its revenue cycle management agreements. Shares plummeted 21%.
Edison International (EIX) booked better-than-expected quarterly earnings. Shares rose 2.4%.
Target (TGT) shares fell 1.5% after the company reported that its fourth-quarter gross margin rate declined to 27.8% in 2012 from 28.4% in 2011.
DreamWorks Animation (DWA) shares fell 1.8% after the company reported a quarterly loss of $82.7 million, or 98 cents a share, including the impact of a write-down of film costs for "Rise of the Guardians" and charges related to the decision to return "Me & My Shadow" back to development.
Dollar Tree (DLTR) shares popped 10.5% after the discount store operator posted stronger-than-anticipated quarterly results as same-store sales increased 2.4%.
-- Written by Andrea Tse and Joe Deaux in New York
>To contact the writer of this article, click here: Andrea Tse .