Stocks Pummeled by Eurozone, Fiscal Cliff Worries
Shares of Groupon(GRPN) were losing nearly 16% in after-hours action after the online deals company posted a surprise loss for the third quarter as revenue of $568.6 million fell short of analyst expectations of $590.1 million.
Qualcomm(QCOM) , the chip maker, easily beat Wall Street's consensus profit view on Wednesday and forecast non-GAAP earnings of $1.08 to $1.16 a share on revenue ranging from $5.6 billion to $6.1 billion for its fiscal first quarter. Shares popped 4.3%.
Whole Foods Market (WFM) reported an in-line profit for its fiscal fourth quarter and announced Wednesday it raised its quarterly dividend by 40% to 20 cents a share. Shares slumped 5.9%.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .