Groupon, Agilent: After-Hours Headlines
NEW YORK (TheStreet) -- Here's a round-up of companies making news after Monday's closing bell.
Shares of Groupon(GRPN) surged in late trades after the online daily deals company reported better-than-expected earnings with revenue rising nearly 90% from year-ago levels.
The stock jumped 17.6% to $13.80 on volume of nearly 3.3 million, according to Nasdaq.com, after Groupon reported non-GAAP earnings of $16.3 million, or 2 cents a share, on revenue of $559.3 million. The average estimate of analysts polled by Thomson Reuters was for a profit of a penny per share on revenue of $530.6 million in the March-ended period.
The rally in Groupon actually started before the results hit the wire as the shares soared nearly 19% to $11.73 on volume of 16.1 million in Monday's regular session. The company forecast revenue of $550 million to $590 million for the second quarter ending in June. The current consensus view is for revenue of $558.7 million.
Agilent Technologies(A) handily beat Wall Street's consensus view for its fiscal second-quarter results late Monday as the company's electronic measurement business benefited from wireless manufacturing.
The Santa Clara, Calif.-based company reported second-quarter adjusted earnings of $275 million, or 78 cents a share, on revenue of $1.73 billion, besting the average estimate of analysts polled by Thomson Reuters for a profit of 73 cents a share on revenue of $1.71 billion.
Agilent forecast non-GAAP earnings of 82 to 84 cents a share on revenue ranging from $1.77 billion to $1.79 billion for its fiscal third quarter and non-GAAP earnings of $3.18 to $3.24 a share on revenue of between $6.94 billion and $7 billion for the full year.
The stock was last quoted at $39.91, up 2.6%, on volume of more than 140,000, according to Nasdaq.com.
Shares of Millennial Media(MM) fell more than 6% in late trades after the Baltimore mobile advertising company reported an in-line loss in its first quarter but revenue of $32.9 million, below Wall Street's consensus estimate of $33.2 million.
The company also forecast an adjusted EBITDA
The stock was last quoted at $14.50, down 6.2%, on volume of more than 500,000, according to Nasdaq.com.