After-Hours Update: RMBS, QEP
Monday, July 26, 2021 8:01 PM

Related Stories

Chip design firm Rambus Inc. (NASDAQ: RMBS) announced late Monday that it won its patent- infringement fight against Nvidia Corp. (NASDAQ: NVDA) and other companies. The International Trade Commission said that it will issue an order that bars the importation of some Nvidia products into the United States. Following ITC's decision, Nvidia said it will pay to license Rambus' technology. Rambus shares shot up as high as 7 percent in after-hours trading. 

Shares of QEP Resources (NYSE: QEP) surged more than 6% in extended trading after it reported strong second quarter production figures and boosted full-year 2010 production guidance.  The company production of 53.7 Bcfe in the second quarter of 2010 compared to 43.4 Bcfe in the 2009 quarter, a 24% increase and up 4% from first quarter 2010. Natural gas comprised 89% of second quarter 2010 equivalent production. QEP Energy estimated that it exited the second quarter with a net production rate of approximately 655 MMcfed. Production growth was driven by strong results from core Haynesville and Pinedale assets combined with increased contribution from new wells in the emerging Woodford "Cana" Shale and Granite Wash plays in the Midcontinent and the Bakken oil play in North Dakota. The company now expects 2010 net production to range from 218 to 222 Bcfe, up 15 to 17% from 2009 production of 189.5 Bcfe. Prior guidance was 212 to 217 Bcfe.

Disclosure: Author doesn’t own any of the stocks discussed here.


Symbol :


Market news:

  • Man, 73, rides 3 miles in wheelchair to aid sister Oct 29, 2021 06:21 PM

    • SWEET HOME, Ore. - A 73-year-old Oregon man traveled three miles in his wheelchair before hunters found him and helped rescue his 61-year-sister after their car got stuck for two nights in the snow.
    • Police said they were reported missing Wednesday after they failed to return home.
    • They stayed in their vehicle for shelter before Howard Partridge left to get help Friday.
      • Berlusconi amid scandal: 'I love women' Oct 29, 2021 06:05 PM

        • ROME - Premier Silvio Berlusconi issued an unapologetic defense of his lifestyle Friday amid the latest scandal involving his personal life, admitting that he intervened to secure the release from police custody of a 17-year-old Moroccan girl who had previously been at his villa.
        • Berlusconi, 74, denied that he had done anything inappropriate in securing the release of the Moroccan runaway nicknamed Ruby, and scoffed at press reports that portrayed their interaction as improper.
        • Saying "I love life, I love women," the Italian leader insisted he was proud of his lifestyle, which has come under scrutiny for his purported dalliances with young women and an encounter with a prostitute unveiled last year.
          • FBI asks how subway bomb defendant was radicalized Oct 29, 2021 06:05 PM

            • WASHINGTON - FBI agents who ensnared a suburban father in a terrorism sting involving a fictional subway bomb plot have turned their attention to figuring out what may have made the Pakistani-born U.S. citizen turn against his adopted country.
            • Law enforcement officials said they believe Farooque Ahmed was radicalized in the United States, becoming the latest in a string of U.S. citizens radicalized here and charged with plotting terrorist attacks.
            • FBI agents were tipped off to Ahmed in January, when a source inside the Muslim community said the 34-year-old telecommunications worker was asking around, trying to join a terrorist group and kill Americans overseas, the officials said.
              • Retired chaplains warn against 'don't ask' repeal Oct 29, 2021 06:05 PM

                • Dozens of retired military chaplains say that serving both God and the U.S. armed forces will become impossible for chaplains whose faiths consider homosexuality a sin if the "don't ask, don't tell" policy is thrown out.
                • The Pentagon, however, says chaplains' religious beliefs and their need to express them will be respected.
                • Officials at North Carolina's sprawling Fort Bragg Army post and the Armed Forces Chaplains Board did not respond to requests to interview active military chaplains about the issue.
                  • Storms crippling tsunami aid to Indonesia islands Oct 29, 2021 06:05 PM

                    • MENTAWAI ISLANDS, Indonesia - A group of private aid workers battled fierce swells and driving rain that kept most craft on shore Friday, managing to deliver food and other supplies to desperate survivors on the islands hardest hit by a tsunami that killed more than 400 people.
                    • Government agencies pulled back boats and helicopters that had been ferrying aid to the most distant corners of the Mentawai islands and instead resorted to air-dropping boxes of aid from planes.
                    • Dozens of injured survivors of the tsunami, meanwhile, languished at an overwhelmed hospital Friday.

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
Kristian KristensenXXXXX LVS$0.23
Jeff Jonesshome GLW$0.52