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Major Movers on May 1; DWA, HUM, PCS, TRLA, REGN, RATE

Shares of DreamWorks Animation Skg Inc. (NASDAQ:DWA) gained about 6.85% by afternoon trade after the studio following the closing bell on Tuesday surprised the street by posting fiscal first quarter profit and handed revenue which comfortably edged past consensus estimate. For the recently concluded quarter, DreamWorks reported net income of $5.6 million or 7 cents a share against profit of $9.1 million or 11 cents a share, in the year-earlier quarter. Revenue for the period came at $135 million compared to $136.1 million, in the same period of last fiscal. Analysts were expecting a loss of 3 cents a share on revenue of $99 million.

Shares of Humana Inc. (NYSE: HUM) gained about 5% by afternoon trade after the healthcare provider posted better-than-expected fiscal first quarter earnings and raised its full-year earnings outlook. The healthcare provider now anticipates earnings to come in the range of $8.40 to $8.60 a share up from its original guidance of $7.60 to $7.80. Wall Street’s consensus forecast was for earnings of $7.99 a share. For the fiscal second quarter, Humana expects earnings of $2.40 to $2.50 a share against analysts’ consensus of $2.31 a share.

Shares of MetroPCS Communications Inc. (NYSE: PCS) catapulted about 110% by afternoon trade after nation’s fifth-largest wireless carrier said that its shareholders have approved the proposal of being taken over no-4 wireless carrier, T-Mobile USA. The Company also said that it added 108,668 new subscribers in the first quarter, making total subscribers base at 9 million.

Shares of Trulia Inc. (NYSE: TRLA) soared 14.56% by afternoon trade. The Company’s fiscal first quarter narrowed, thanks to almost two times increase in revenue. The online real-estate listings services provider also provided optimistic revenue guidance for the current quarter.

Shares of Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) jumped 13.64% by afternoon trade after analysts at Goldman Sachs, in their research note on Wednesday, set a price target of $240 on REGN. The bank current has a “buy” rating on the stock. Earlier on Tuesday, analysts at Deutsche Bank set a price target of $275 while analysts at Bank of America boosted their price target on the stock to $240 on Monday. The Bank of America currently has a “buy” rating on the stock. On April 23rd analysts at the Street maintained their “buy” rating on the stock.

Shares of Bankrate Inc. (NYSE: RATE) leaped about 14% by afternoon trade the consumer financial services company late last evening reported better-than-expected fiscal first quarter results.

For the quarter, Bankrate reported a profit of $2.18 million or 2 cents a share compared to net income of $10.15 million or 10 cents a share.

Stripping out onetime items, adjusted earnings came at $12.6 million or 12 cents a share compared to $18.71 or 18 cents a share, in the same quarter of last year.

Analysts polled by Thomson Reuters were expecting earnings of 9 cents a share. Revenue during the quarter fell 13% to $108.4 million from $125.02 million, in the same quarter of last fiscal but edged past analysts’ consensus forecast of $102.58 million.

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