Autodesk, Inc. (ADSK), one of the hot stocks today, saw its stock price slumping 15.63%, or $5.58, to $30.13 on volume of 34.42 million shares, more than fourteen times the daily average of 2.37 million shares. The designs software and services company announced its second-quarter earnings down 9.26% to $64.6 million, or $0.28 per share, Non-GAAP earnings up 9.09% to $0.48 per share, and total revenues up 4.1% from a year earlier. Analysts had averagely forecasted Autodesk to report EPS of $0.49 on revenue of 593.40 million for the second quarter. The company issued guidance for Q3 2013 missing the consensus estimate.
Aruba Networks, Inc. (ARUN) stock price was up 15.42%, or $2.44, to finish at $19.36, on volume of 12.71 million shares, more than three times the daily average of 3.33 million shares, following its fourth quarter financial results. Aruba Networks, connects local and remote users to corporate information technology resources, yesterday announced its EPS of $0.18, $0.01 higher than the average analyst estimate of $0.17. The company generated revenue of 139.2 million, up 22% from a year ago, beating the analysts’s estimate of $136.82 million.
Watson Pharmaceuticals, Inc. (WPI) stock climbed 5.96%, or $4.69, to close at $83.32, hitting new 52-week highs in the trading session. Volume was 3.165 million shares, three times the daily average of 1.18 million shares. The positive improvement in WPI stock price was on the back that said the pharmaceutical company’s subsidiary, Watson Laboratories Inc., had received final approval from the U.S. FDA for a generic equivalent of Endo Health Solutions Inc.’s (ENDP) Lidoderm pain-relief patch.
Alliance Data Systems Corporation (ADS) stock edged up 1.42%, or $1.94, to $138.49, on volume of 407,758 shares, versus the daily average of 547,853 shares. Alliance Data Systems, a provider of data-driven and transaction-based marketing and customer loyalty solutions, stated that delinquencies and charge-offs dropped in July from the previous year for the private-label cards it oversees.
Savient Pharmaceuticals, Inc. (SVNT) stock rose 11.93%, or $0.13, to close at $1.22, on volume of 8.38 million shares, more than three times the daily average of 2.66 million shares, on a Seeking Alpha article.
Crocs, Inc. (CROX) stock closed up 8.22%, or $1.34, to end at $17.65, on volume of 3.72 million shares, higher than the daily average of 2.09 million shares.