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Major Movers on April 3; GPN, CALL, ZNGA, CONN, AYI

Shares of Global Payments Inc. (NYSE: GPN) slumped on Wednesday after the electronic payments transaction processing services provider handed lower-than-expected fiscal third quarter results, late last evening.

For the quarter, the Company posted a profit of about $68 million, or 87 cents a share, up from profit of $65 million, or 83 cents a share, in the same quarter of last year.

Revenue jumped 8% to $578.7 million in the fiscal third quarter. Analysts polled by FactSet Research were expecting earnings of 89 cents a share on revenue of $580.4 million.

Revenue from U.S. operations rose 11% to $336.4 million, it declined 6% from Canada operations while it climbed 11% in other markets which included Europe and Asia-Pacific. The Company reiterated its earnings and revenue outlook for the fiscal year2014, matching Street’s consensus estimate.

Shares of magicJack VocalTec Ltd. (NASDAQ: CALL) after the voice-over-Internet-Protocol (VoIP) phone maker, said late last evening that it swung into fiscal fourth quarter profits, thanks to solid demand for its products, which pushed revenue up 56% over the year earlier quarter.

For the quarter ended December, the Israel based Company posted 56% jump in total revenue to $41.4 million; however, revenue from namesake devices skyrocketed 88% to $19.1 million.

Net profit came at $22.3 million or $1.17 a share, against a net loss of $4.7 million or 26 cents a share. Excluding onetime items, adjusted or non-GAAP earnings stood at 91 cents a share.

Shares of Zynga Inc. (NASDAQ: ZNGA) leaped on Wednesday after the social game maker announced on Wednesday  it will soon launch real-money versions of games such as poker and casino in Britain by forging a partnership with U.K. based Bwin.Party Digital Entertainment. Zynga said that online gamblers in Britain will able to play “ZyngaPlusPoker” and “ZyngaPlusCasino” both on the Web and desktop app.

Shares of Conn’s Inc. (NASDAQ: CONN) rallied  after the specialty retailer for durable products boosted its earnings outlook on fiscal 2014. Although EPS fell short of Street’s expectation, revenue edged past analysts’ forecast.

For the fiscal fourth quarter ended Jan 31, the Company reported earnings of 54 cents a share, two cents short of analysts’ consensus estimate. Revenue in the fiscal fourth quarter stood at $250.3 million, compared to analysts’ expectation of $246.91 million. Comparable-store-sales rose 7.0%. in the same quarter of last fiscal, comparable-store-sales increased 12.1%. Looking ahead at fiscal 2014, Conn’s Inc expects earnings to be in the range of $2.40 to $2.50 a share, assuming a growth of 3% to 8% in comparable-store-sales. Analysts were expecting earnings of $2.09 a share.

Shares of Acuity Brands Inc. (NYSE:AYI) climbed after the Company said on Wednesday that net income in the fiscal second quarter jumped 27%, thanks to improved sales of LED-based products.

For the quarter ended Feb 28, the Company reported net income of $24.7 million or 57 cents a share compared to a profit of $19.5 million or 46 cents a share, in the same quarter of last year. Excluding onetime items such as costs related to closure of plants, adjusted earnings came at 62 cents a share.  Revenue during the period rose 6% to $486.7 million.

Analysts’ consensus forecast was for earnings of 61 cents a share on revenue of $469.2 million, according to a data compiled by FactSet Research.

 


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