Traders Recap: NovaGold Resources Inc. (USA) (NYSEMKT:NG), Shutterfly, Inc. (NASDAQ:SFLY), ServiceNow Inc (NYSE:NOW), Tellabs, Inc. (NASDAQ:TLAB)
NovaGold Resources Inc. (USA) (NYSEMKT:NG) shares dropped 3.60% to $2.68. The company on May 10 announced its plans to modify the quorum provisions of the proposed articles to continue the Company under the Business Corporations Act (British Columbia) from under the Companies Act (Nova Scotia) following approval of the Continuance Resolution at the Company’s Annual and Special Meeting of Shareholders to be held on May 29, 2013 at 3:00 pm (Pacific Time).
Shutterfly, Inc. (NASDAQ:SFLY) shares decreased 3.57% and closed at $56.77 in the last trading session. The company on July 31 announced financial results for the second quarter ended June 30, 2013. Second quarter net revenues totaled $133.5 million, a 35% year-over-year increase. GAAP net loss was ($11.8) million, compared to ($9.5) million in the second quarter of 2012. GAAP net loss per diluted share was ($0.31), compared to ($0.27) in the second quarter of 2012.
ServiceNow Inc (NYSE:NOW) shares decreased 3.53% to $44.01. The company on August 5 announced that Partner Communications Company Ltd. has selected ServiceNow software-as-a-service to transform the service experience for its customers and suppliers. Partner Communications is consolidating more than 10 separate systems across IT and Engineering divisions into a single system of record.
Tellabs, Inc. (NASDAQ:TLAB) shares declined 3.49% to $2.21. The company on August 1 announced its second-quarter 2013 results. The company said second-quarter loss widened to $7.8 million or $0.02 per share from $4.7 million or $0.01 per share in the same period last year. Adjusted earnings per share were breakeven. Analysts expected the company to report a loss of $0.02 per share for the quarter. Revenues decreased to $212.1 million from $288.1 million last year. Analysts expected revenues of $210.34 million.