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Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:17 EDTIDTI, PLXTPLX Technology, Integrated Device combination recommended to be blocked by FTC
PLX Technology announced the Federal Trade Commission, or FTC, has issued an administrative complaint seeking to block the proposed merger between PLX and Integrated Device Technology (IDTI) announced on April 30, and is authorized to pursue a preliminary injunction in federal district court or other relief necessary to stop the deal pending a full administrative trial.
News For PLXT;IDTI From The Last 14 Days
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April 22, 2014
09:16 EDTPLXTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Netflix (NFLX), up 8%... Harley-Davidson (HOG), up 7%... PLX Technology (PLXT), up 8%... Illinois Tool (ITW), up 2.3%... Comcast (CMCSA), up 1%... McDonald's (MCD), up 0.6%. ALSO HIGHER: Allergan (AGN), up 17% after Valeant (VRX) confirms proposal to combine with the company for $48.30 and 0.83 shares of stock. Valeant is up 5% following its confirmation of the news that broke last night... GlaxoSmithKline (GSK), up 4.5% after agreeing to sell oncology products for $14.5B to Novartis (NVS) and buy Novartis' Vaccines business, currently excluding its flu business, for $7.1B plus royalties. Novartis shares trading in New York are also up 1% following the deals... Revance Therapeutics (RVNC), up 20% after announcing positive results from RT002 Phase 1/2 study... Facebook (FB), up 2% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Xerox (XRX), down 4%... Lexmark (LXK), down 4.8%. ALSO LOWER: Allison Transmission (ALSN), down 4% after filing to sell 25M shares for holders... FireEye (FEYE), down 2.9% after filing to sell 13.3M shares of common stock for holders... Bebe stores (BEBE), down 16% after reporting preliminary Q3 losses that were steeper than the consensus estimate.
09:00 EDTPLXTPLX Technology rises 8.1%
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April 21, 2014
16:10 EDTPLXTPLX Technology sees Q2 revenue $27M-$29M, consensus $26.95M
Q2 non-GAAP gross margins are expected to be approximately 56%, with GAAP margins at approximately 55%.
16:09 EDTPLXTPLX Technology reports Q1 EPS 7c, consensus 2c
Reports Q1 revenue $24.8M, consensus $25.47M.

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