CombiMatrixCorporation(NASDAQ:CBMX) shares climbed 14.53% to $9.85. The company announced that a pair of studies published in the New England Journal of Medicine favor chromosomal microarray analysis over traditional karyotyping for genetic prenatal diagnosis and genetic evaluation of stillbirths.
Diamond Foods(NASDAQ:DMND) shares declined 9.76% to $13.36 in the morning hour after the company reported fourth-quarter net loss of $32.9 million or $1.52 per share, compared to net income $2.8 million or $0.12 per share in the prior-year period. Adjusted net income for the quarter declined to $1.0 million or $0.05 per share from $5.2 million or $0.23 per share in the comparable quarter last year. Net sales for the quarter grew 32% to $223.99 million from $234.72 million last year. Analysts expected earnings of $0.03 per share on revenues of $219.12 million for the quarter.
Netflix(NASDAQ:NFLX) stock gained 0.01% to $85.99 following Chief Executive Reed Hastings reacted to the Securities and Exchange Commission accusing that Hastings and Netflix violated disclosure regulations with a Facebook post in July regarding the firm’s streaming video service.
Additionally, the company’s chief content officer Ted Sarandos said that the online streaming company will not raise its subscription fees after striking a multi-year agreement with The Walt Disney Company to become the exclusive subscription TV service provider for new movies produced by the entertainment giant.
GrouponInc(NASDAQ:GRPN) stock decreased 3.52% to $4.52. Market players reacted poorly to chatter about a possible takeover for the troubled company. The Chicago-based firm made no comment on reports of takeover talk. Nor did Google, which made an unsuccessful $6 billion bid for Groupon a year ago, a successful failure, this year things are very different, Google will slash the offer as GRPN may not even survive the next year without a massive new fund raising.
The company announced that effective immediately Mike DeLuca has assumed the role of VP of Sales for Breadcrumb, the company's iPad-based point-of-sale system for restaurants, bars and cafes.
Yelp Inc(NYSE:YELP) stock fell 2.20% to $18.63. The company, last month, provided guidance for its fourth quarter of 2012 and updating its full year 2012 revenue and adjusted EBITDA guidance. For the fourth quarter of 2012, net revenue is expected to be in the range of $40.0 million -- $40.5 million representing growth of approximately 62% compared to the fourth quarter of 2011. Adjusted EBITDA is expected to be in the range of $1.25 million -$1.5 million, which excludes a one-time charge of approximately $1 million related to the Qype acquisition.
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