Bookmark and Share

Major Movers on February 22; WBMD, VOLC, ARUN, MRC

Shares of WebMD Health Corp. (NASDAQ: WBMD), a provider of health information services to consumers, physicians and other healthcare professionals, employers, are seeing a huge rally in trading today after the company reported its fourth-quarter financial results.

For the fourth quarter of 2012, WebMD reported a net loss of $0.12 per share, compared to a profit of $0.33 per share reported for the same period in the previous year. Analysts were expecting the company to report a loss of $0.04 per share for the quarter.

At last check, WBMD shares were trading 22.21% higher at $19.92 on above average volume of 965,959. The stock rose to an intra-day high of $21.23 earlier today.

Shares of Volcano Corporation (NASDAQ: VOLC), a company engaged in the design, development, manufacturing and commercialization of a range of precision guided therapy tools, are down sharply in trading today after the company reported its fourth-quarter financial results.

For the quarter ended December 31, 2012, Volcano reported earnings of $2.5 million, or $0.04 per share, compared to $29.4 million, or $0.54 per share reported for the same period in the previous year. The company’s revenue for the fourth quarter of 2012 was $102.5 million, up 10% over the same period in the previous year.

Scott Huennekens, President and CEO of Volcano, said that the company continued to execute its growth strategy in 2012, delivering a double digit increase in revenues, led by a 45% increase in annual revenues on a constant currency basis in its FFR (Fractional Flow Reserve) disposable business.

Despite posting significant increase in fourth-quarter revenue, VOLC shares fell to a 52-week low of $20.76 in trading today. At last check, the stock was trading 14.19% lower at $21.17 on above average volume of 3.15 million.

Shares of Aruba Networks Inc. (NASDAQ: ARUN), a provider of next-generation network access solutions for mobile enterprise networks, are soaring in trading today after the company reported better-than-expected second-quarter earnings.

Excluding one-time items, Aruba Networks reported second-quarter earnings of $0.22 per share, above the Street estimates of $0.19 per share. For the third quarter, the company forecast sales of at least $159 million, which is above the Street estimates of $158.2 million.

ARUN shares rose to a 52-week high of $26.78 earlier today. At last check, the stock was trading 19.82% higher at $24.92 on above average volume of 11.71 million.

Shares of MRC Global Inc. (NYSE: MRC), a distributor of pipe, valves and fittings and related products and services to the energy industry, have plunged in trading today after the company after the company reported a loss in its fourth quarter.

For the fourth quarter of 2012, MRC Global reported net loss of $6.4 million, or $0.06 per share, compared to net income of $3.6 million, or $0.04 per share reported for the same period in the previous year. Sales for the fourth quarter were $1.31 billion. The company’s sales for the quarter missed consensus forecast.

MRC shares fell to an intra-day low of $27.30 today. At last check, the stock was trading 9.49% lower at $28.03 on above average volume of 1.95 million.