After-Hours Movers 9/18: ORCL, TXN, NVDA, RVSB Higher; IHS Lower
IHS Inc. (NYSE: IHS) 7% LOWER; signed a definitive agreement to acquire Global Insight, Inc. for $200 million. The transaction will be completed with approximately 60% cash and 40% IHS common stock.
Oracle (Nasdaq: ORCL) 5.6% HIGHER; reports Q1 EPS of $0.29, ex-items, 2 cents better than the analyst estimate of $0.27. Revenues for the quarter were $5.3 billion, versus the consensus of $5.42 billion.
Texas Instruments Incorporated (NYSE: TXN) 2% HIGHER; announced that it plans to raise its quarterly cash dividend 10% to $0.11 per share, resulting in annual dividend payments of $0.44 per share.
NVIDIA Corporation (Nasdaq: NVDA) 1.4% HIGHER; expects to eliminate approximately 360 positions worldwide, or about 6.5% of the Company's global workforce. The reduction is expected to be completed by the end of Q309. The Company expects to record restructuring-related charges of approximately $7-$10 million in Q309 in connection with the reduction.
Riverview Bancorp (Nasdaq: RVSB) 1% HIGHER; announced that its Board declared a quarterly cash dividend of $0.045 per share.
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