Groupon widens losses

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Groupon Inc. (Nasdaq: GRPN) widened first quarter losses to 8 cents per share from a loss of 2 cents per share last year as revenue fell. The stock price tumbled 81 cents to close at $3.62.


Seagate Technology falls to loss

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Seagate Technology plc (Nasdaq: STX) fell to a greater than expected loss for the third quarter of 7 cents per share compared with earnings of 90 cents per share last year as revenue dropped. The stock price plummeted $5.13 to close at $21.77.



Genworth Financial Inc. (NYSE: GNW) reported better than expected earnings for the first quarter of 14 cents per share compared with 31 cents per share in the year ago period. The stock price climbed 57cents to close at $3.43.



Stericycle disappoints

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Stericycle Inc. (Nasdaq: SRCL) disappointed with lower first quarter earnings that fell short of expectations of 78 cents per share compared with 87 cents per share a year earlier. The stock price plummeted $26.07 to $95.67.


Golar LNG Ltd. (Nasdaq: GLNG) reassured investors that the framework agreement between Golar and Schlumberger Ltd. (NYSE: SLB) will remain intact despite Schlumberger's withdrawal from the Fortuna/Ophir development. Shares of Golar plummeted $4.68 to $16.92 while Schlumberger stock eased a penny to $79.77.



Paragon Shipping extends gains

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Shares of Paragon Shipping Inc. (Nasdaq: PRGN) continued to soar by leaping 84 cents to $2.59.



Infinera's forecast falls short

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Infinera Corp. (Nasdaq: INFN) reported lower first quarter earnings of 9 cents per share compared with 10 cents per share last year and forecast current quarter results below expectations sending the stock price plummeting $3.57 to close at $12.01. 


GNC falls short

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GNC Holdings Inc. (NYSE: GNC) reported lower first quarter earnings that fell short of analyst expectations of 69 cents per diluted share compared with 75 cents per diluted share in the year ago period and forecast full year earnings below estimates. The stock price plummeted $10.28 to close at $25.32.



Oracle buys Textura

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Textura Corp. (NYSE: TXTR) will be acquired by Oracle Corp. (Nasdaq: ORCL) for a premium of $663 million in cash. Shares of Textura leaped $6.11 to close at $26.00 while Oracle stock lost 52 cents to close at $40.33.



Cliffs Natural Resources Inc. (NYSE: CLF) swung to a better than expected profit for the first quarter of 62 cents per diluted share compared with losses of $4.26 per diluted share in the year ago period. The stock price jumped $1.40 to $5.71.


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