Market Overview

Stocks To Watch For August 31, 2012

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SAIC Board of Directors Approves Spin-Off of its Services Business; Will Change Name to Leidos Holdings; Immediately AfterSseparation, Leidos to Effectuate a 1:4 Reverse Stock Split
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OmniVision Shares Fall Below Takeover Announcement Price
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Some of the stocks that may grab investor focus today are:

SAIC (NYSE: SAI) reported a drop in its fiscal second-quarter profit and announced its plans to split the company into two publicly traded companies. SAIC shares jumped 10.08% to $13.00 in the after-hours trading session.

OmniVision Technologies (NASDAQ: OVTI) reported better-than-expected fiscal first-quarter revenue and issued upbeat revenue forecast for the current quarter. OmniVision shares surged 8.93% to $17.33 in after-hours trading.

Zumiez (NASDAQ: ZUMZ) reported downbeat second-quarter earnings and issued a weak forecast for the third quarter. Zumiez shares tumbled 14.03% to $27.70 in after-hours trading.

Gordmans Stores (NASDAQ: GMAN) reported a 20.7% rise in its second-quarter net income. Gordmans Stores shares gained 1.32% to close at $20.67 yesterday.

Splunk (NASDAQ: SPLK) reported a 71% surge in its fiscal second-quarter sales and lifted its view for the fiscal year. Splunk shares jumped 15.57% to $35.25 in the after-hours trading session.

Posted-In: Stocks To WatchEarnings News Guidance Stock Split Pre-Market Outlook Markets Trading Ideas

 

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