A disappointing earnings report drove shares of Synaptics (SYNA) to fall to a seven-month low Friday, though the stock rallied later in the session. The Apple (AAPL) touchscreen supplier late Thursday reported earnings for its fiscal Q4 ended June 30 that missed Wall Street expectations, as did its guidance. At least four investment banks lowered their price targets on Synaptics stock on the results. The company, whose technology includes
Two travel-related companies are breaking out Friday after issuing estimate-beating quarterly earnings: Expedia (EXPE) and Royal Caribbean Cruises (RCL). The travel site gapped up to a new high in huge volume in the stock market today, breaking out of a flat base with a 115.10 buy point. Expedia shares have risen nearly 40% this year. Expedia’s competitor Priceline (PCLN) rose in sympathy. It’s nearing a cup-with-handle buy point. Priceline’s
Outerwall (OUTR) stock dropped through the floor on Friday, a day after the Redbox parent reported declining DVD rentals from its kiosks. The Bellevue, Wash.-based company beat Wall Street estimates on earnings but missed on revenue. Outerwall earned $2.19 a share excluding items on sales of $545 million in the June quarter. Analysts polled by Thomson Reuters expected Outerwall to earn $1.72 a share ex items on sales of $564 million. Outerwall