Blockbuster Inc. (BBI) gained 28 cents, or 5.6 percent, to $5.25 in trading yesterday after the official close of U.S. exchanges. The world's largest video-rental chain said Chief Operating Officer Nick Shepherd will leave the company at the end of the month. The position is being eliminated.
Computer Sciences Corp. (CSC) The computer-services provider to NASA said accounting errors during the past 10 years will force it to report an additional $200 million in tax expenses. The shares declined 73 cents to $54.61 in regular trading yesterday.
Coventry Health Care Inc. (CVH) The medical-insurance provider boosted its 2007 profit forecast by 2 cents a share. Profit will be in the range of $3.95 to $3.99 a share, or $3.99 to $4.03 if a 4-cents-a-share debt refinancing charge is excluded. The shares declined 64 cents to $56.35 in regular trading yesterday.
Wal-Mart Stores Inc. (WMT) The world's largest retailer said additional expenses from the sale of its money-losing German operations to Metro AG will lower second-quarter profit by $153 million. The shares declined 12 cents to $42.27 in regular trading yesterday.
Western Digital Corp. (WDC) rose 59 cents, or 2.6 percent, to $23 in extended trading yesterday. The world's second-largest maker of hard-disk drives boosted its fiscal first-quarter profit and sales forecasts. Earnings excluding some items will be 61 cents to 65 cents a share, compared with an earlier estimate of as much as 47 cents, the company said.
Watch LDK, RTN, ZNH for long breakouts.
Watch VIP, NCC, MCO, MTG, CFC, RDN for short breakdowns.
-MM
