World Wrestling Entertainment Sinks on Television Deal with NBCUniversal; Applied Materials Reports Strong Q2 Results


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NYSE:WWE / NASDAQ:AMAT / NASDAQ:SMT / NASDAQ:OVRL
05/19/2014 [ACCESSWIRE]

World Wrestling Entertainment Sinks on Television Deal with NBCUniversal and Applied Materials Reports Strong Q2 Results

World Wrestling Entertainment Inc. (NYSE: WWE) - For an in-depth report on World Wrestling Entertainment Inc. follow: www.BullTrends.com/stockquote/WWE                                

Shares of World Wrestling Entertainment closed down 43.45% on nearly 41 million shares traded. The stock was one of the biggest decliners on the NYSE on Friday. The company reached a multiyear deal with US broadcaster NBCUniversal for its long-running Raw and SmackDown programs. Terms of the deal were not disclosed but the annual value of its television distribution agreements would reach $200m following negotiations in the US, UK, Thailand and India. Investors had expected more.

Applied Materials, Inc. (NASDAQ: AMAT) - For an in-depth report on Applied Materials, Inc. follow: www.BullTrends.com/stockquote/AMAT

Shares of AMAT closed up 8.13% on about 38.2 million shares traded. The stock was one of the biggest gainers on the NASDAQ on Friday. The company reported strong revenue and order growth in its second quarter ended April. Over the three months to April, revenue soared 19.2% year over year to $2.35 billion. This came in line with analysts' estimates.

Smart Technologies Inc. (NASDAQ: SMT) - For an in-depth report on Smart Technologies Inc. follow: www.BullTrends.com/stockquote/SMT

Smart Technologies closed down 37.18% on Friday making it one of the biggest decliners on the NASDAQ. The stock traded nearly 2.2 million shares. The company released fourth quarter earnings results and reported adjusted revenue of $108.7 million during the quarter. This came in below analysts’ consensus estimates of $117.8 million. However the company reported a net loss of -5 cents per diluted share which beat analysts’ estimates by 1 cent.

Overland Storage Inc. (NASDAQ: OVRL) - For an in-depth report on Overland Storage Inc. follow:  www.BullTrends.com/stockquote/OVRL

Shares of Overland Storage Inc. closed up 20.40% on about 870,000 shares traded. The stock was one of the biggest gainers on the NASDAQ. Sphere 3D Corporation has entered into a definitive merger agreement with Overland Storage, Inc., pursuant to which Overland and a wholly-owned subsidiary of Sphere 3D would combine to create a leading global virtualization and data management software solutions company.

 

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