2/3/2012 8:42 AM ET
(RTTNews) - Gainers:
Tyson Foods, Inc. (TSN: News ) is gaining more than 3 percent to $19.21. The company's first quarter profit plunged from the prior year period. However, sales increased from the year-ago period and were slightly above consensus. The company said its Chicken segment returned to profitability on improved pricing and execution and added that its Beef segment is experiencing a rough patch as a result of challenging market fundamentals. The company said it expects overall domestic protein (chicken, beef, pork and turkey) production to decrease in 2012.
Idenix Pharmaceuticals, Inc. (IDIX: News ) is up nearly 1 percent to $13.30 based on the news that the FDA has notified that the partial clinical hold on IDX184 has been removed and that its 12-week phase IIb study evaluating IDX184 in combination with pegylated interferon and ribavirin may continue.
Trimble Navigation (TRMB: News ) is rising over 9 percent to $52.77. The company's fourth quarter non-GAAP earnings per share and revenue were above Wall Street view. In addition, the company guided first quarter results above consensus.
Zoltek Companies, Inc. (ZOLT: News ) is gaining 20 percent to $11.34. The company swung to a profit in its first quarter. Net revenues improved 43.2 percent from the year-ago quarter and 9.1 percent sequentially.
Decliners:
Estee Lauder Companies Inc. (EL: News ) is down more than 6 percent to $54.90. The company's second quarter profit improved 15 percent from the prior year period. Net sales rose 10 percent. Earnings per share, excluding items, were in-line with Wall Street view, while sales were slightly below consensus. The company expects adjusted earnings per share for third quarter and fiscal 2012 below estimates.
Walgreen Co. (WAG: News ) is declining over 2 percent to $32.61. The company's January comparable store sales declined 4.6 percent. Sales for the month declined 2.3 percent.
Acme Packet, Inc. (APKT: News ) is falling 11 percent to $27.41 as the company's fourth quarter non-GAAP earnings per share and revenue were below consensus. The company's GAAP profit declined from the year-ago quarter.
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by RTT Staff Writer
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