After-market Movers For July 16 (YHOO, CSX, MEAD, EXXI, ZAGG)

(RTTNews) - Gainers:

CSX Corp. (CSX) rose nearly 2 percent to $25.10. The company's second quarter profit and revenues were higher than the prior year period and were above the analysts' expectations.

Meade Instruments Corp. (MEAD) gained 11 percent to $4.07 following the news that it has terminated its previously announced agreement and plan of merger with JOC North America LLC and JOCNA Inc., which was announced May 17, 2013, and the execution of a new agreement with affiliates of Ningbo Sunny Electronic Co., Ltd. for $4.21 per share.

Energy XXI (Bermuda) Ltd. (EXXI) rose 12 percent to $27.35. The company announced that its June 30, 2013 fiscal year-end proved reserves are estimated at 179 million barrels of oil equivalent, up almost 50 percent from the June 30, 2012 year-end reserves. The company noted that the horizontal drilling campaign was a key driver to its reserves growth in fiscal 2013.

Decliners:

Yahoo! Inc. (YHOO) declined 0.60 percent to $27.35. The company's second quarter GAAP profit improved 46 percent from the prior year and its adjusted earnings per share topped Wall Street view. Revenues, excluding traffic acquisition costs, declined 1 percent and missed the consensus estimate. GAAP revenue for the quarter decreased 7 percent. The company also lowered its full-year revenue forecast.

ZAGG Inc. (ZAGG) fell 14 percent to $5.00 after it forecast second quarter revenue below Street view and lowering its full-year revenue guidance. The company noted that its revenues were unfavorably impacted in the quarter by the lack of major device launches from the mobile computing manufacturers, slower than expected retail distribution expansion and softness in the European market.