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On the Watch: SHFL CMGI GM

By Associated Press
June 10, 2008 | Comments (0)

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Shuffle Master Inc.'s better-than-expected second-quarter profit may boost shares of the casino machine maker on Tuesday.

After Monday's market close, shares soared around 12 percent in the aftermarket session on news that profit beat Wall Street expectations on a 10 percent gain in sales.

On the losing side, CMGI Inc. swung to a loss in the fiscal third quarter and lowered its fiscal-year revenue outlook.

The supply-chain and inventory-management software provider said third-quarter sales declined because of discontinued programs and new contract delays.

Meanwhile, General Motors Corp. plans to begin a new phase of hiring as thousands of workers prepare for buyouts and early retirements. About 19,000 hourly workers are expected to leave this year under early retirement and buyout offers.

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