Friday, August 31, 2012

Portfolio Relevance
By David B. Wilkerson, MarketWatch
CHICAGO (MarketWatch) — Science Applications International Corp., Splunk Inc., Zumiez Inc. and Pandora Inc. are among the stocks that could see active trading on Friday.
Science Applications International Corp. shares SAI +0.08% were up 8% in after-hours trading Thursday after it said its board approved splitting the company into two publicly traded companies.

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Zumiez Inc. ZUMZ +2.06% shares fell as much as 10% in after-hours trading. The specialty retailer reported weaker-than-expected second-quarter earnings and a disappointing outlook for the third quarter.
Splunk SPLK -1.10% rose 12% in evening trading after the data-analytics company reported a surge in sales that beat Wall Street’s expectations.
Pandora P +14.29% shares rose 14% in Thursday’s regular session. and could be on the move again Friday. Late Wednesday, reported that it broke even on an adjusted per-share basis for the second quarter ended July 31, as revenue jumped to $89.4 million from the prior year’s $58.3 million. The Oakland, Calif., Internet radio-service provider issued a better-than-expected revenue forecast for the third quarter.
Geron GERN +9.13% shares rose 9% Thursday. Stifel Nicolaus analysts started the biotech company with a buy rating on Thursday morning. 
David B. Wilkerson is a reporter for MarketWatch in Chicago.

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