Exact(3)
The decision, which accompanied an earnings report that fell below expectations, sent the company's stock tumbling.
But a first-quarter revenue forecast that was below analysts' expectations sent shares down in after-hours trading.
Investors, who had worried that AOL Time Warner would not meet analysts' expectations, sent its stock up $5.10 to close yesterday at $49 a share.
Similar(57)
Newspaper giant Gannett said Tuesday that it expects its third-quarter earnings to come in well above expectations, sending its shares soaring.
This was ahead of City analyst expectations, sending shares in Unilever up 3%.
3Com also reported earnings that were a penny above analysts' expectations, sending its stock higher.
Luxury retailer Tiffany & Company on Tuesday reported adjusted earnings and sales that beat expectations, sending shares up 4 percent.
The consumer electronics giant reported earnings that badly missed analysts' expectations, sending the stock 5 percent lower in after-hours trading.
Royal Dutch Shell's fourth quarter earnings came in below expectations, sending its B shares down 73.5p to 2177.5.
Foster Wheeler - which Amec is due to officially take over imminently - reported earnings well below expectations, sending Amec shares down 43p to £10.13.
Burberry warned in September that its profit would fall short of expectations, sending the shares lower and wiping almost $1.5 billion from the company's market value.
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