Twitter Inc (TWTR) said Tuesday it is testing a new format for its tweets by presenting them by relevance rather than the usual reverse-chronological stream that you see every day.
Twitter shares were around $25 a share in early trading Wednesday.
Apple Inc (AAPL) — The iPhone maker suspended plans for a live Internet-based TV service and will focus instead on using its App Store as a platform for media companies to sell directly to customers, Bloomberg reported. The publication notes that while Cuertino “isn’t giving up entirely on releasing a live-TV service, its plan to sell a package of 14 or so channels for $30 to $40 a month has run into resistance from media companies that want more money for their programming.”
Yahoo Inc (YHOO) — The company officially announced in a statement Wednesday morning that it will not move forward with a spinoff of its stake in Alibaba (BABA).
“The board will now evaluate alternative transaction structures to separate the Alibaba stake, focusing specifically on a reverse of the previously announced spin transaction,” Yahoo said in the release.
Yahoo shares were up nearly 3% to $35.81 in pre-market trading.
Sunedison Inc (SUNE) are higher by nearly 20% to $4.08 in pre-market trading on Wednesday after the company said it signed a 20 year power purchase agreement with the city of San Diego that will see 6.6 megawatts of solar installed across 25 city-owned sites.
Aeterna Zentaris Inc. (AEZS) shares plunged 27.46% to $5.15 in pre-market trading following the co.’s commencement of an underwritten public offering of common shares and warrants to purchase common shares.
Lululemon Athletica Inc. (LULU) shares plunged 10% to $47.25 in pre-market trading following quarterly results. Lululemon reported Q3 earnings of $0.38 per share on revenue of $479.69 million, vs Wall Street estimates of $0.37 per share on revenue of $482.27 million.
For the current quarter, the yogawear retailer provided EPS guidance of $0.75 to 0.78 versus consensus of $0.85 per share. The company also issued revenue projection of $670 to 685 million, compared to the consensus revenue estimate of $690.20 million.