Shawshank, VA 5/10/12 (StreetBeat) – These stocks made notable moves in U.S. trading on Thursday:
Monster Beverage Corp. (Nasdaq: MNST) shares rose 11%. The company reported strong first-quarter sales growth as well as wider gross and operating margins.
News Corp. (Nasdaq: NWSA +5.26%) shares were up 5.3% a day after the company’s report of better-than-expected fiscal third-quarter results and its pledge to add $5 billion to its existing $5 billion stock repurchase plan. News Corp. is the parent company of Dow Jones & Co., which includes MarketWatch, the publisher of this report.
Tesla Motors Inc. (Nasdaq: TSLA +11.38%) shares climbed 14.4%. On Wednesday, the company posted a drop in first-quarter revenue and profit, but said it expects to begin delivering its all-electric Model S in June, a month ahead of schedule. The firm also upped the low end of its 2012 revenue estimate.
Cisco Systems Inc. (Nasdaq: CSCO -8.56%) shares fell 8.5% a day after the firm issued a weaker-than-expected outlook for the current quarter, as Chief Executive John Chambers pointed to a “cautious” spending environment.
Silicon Graphics International Corp. (Nasdaq: SGI -20.79%) shares tumbled 20.5%. Late Wednesday, the company trimmed its outlook for the full year.
Universal Display Corp. (Nasdaq: PANL -8.99%) shares fell 10%. The company reported that its first-quarter loss narrowed, but the results missed Wall Street expectations.
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