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Pre-market Movers For March 27-WAG, MKC, ISTA, APOL, DG, MAPP, SCMF, TRGT, ZSTN

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Gainers:

Walgreen Co. (WAG: Quote) is rising 3 percent to $35.43. The company's second quarter profit declined from the previous year. However, earnings per share and sales were above Wall Street view.

McCormick & Company, Inc. (MKC: Quote) is rising 1 percent to $53.50. The company's first quarter profit declined from the previous year. Net sales grew 16 percent. Both earnings per share and sales were above analysts' estimates.

ISTA Pharmaceuticals, Inc. (ISTA: Quote) is gaining nearly 8 percent to $9.03. Bausch + Lomb has agreed to acquire the company for about $500 million or $9.10 per share in cash.

Decliners:

Apollo Group Inc. (APOL: Quote) is falling 6 percent to $40.55. The company swung to a profit in its second quarter. Earnings per share, excluding items, and revenue were above Wall Street view.

Dollar General Corp. (DG: Quote) is falling over 1 percent to $46.50. The company announced a secondary public offering of 25.0 million common shares by certain existing shareholders.

MAP Pharmaceuticals, Inc. (MAPP: Quote) is plunging 16 percent to $14.40. The FDA has issued a Complete Response letter to the company's NDA for orally inhaled investigational migraine drug LEVADEX.

Targacept, Inc. (TRGT: Quote) is falling 5 percent to $5.12. The company announced that it will not pursue further development of TC-6987 as a treatment for diabetes, as the primary outcome measure, change in fasting plasma glucose, was not met in the type 2 diabetes study.

Trading halt:

Trading in shares of Southern Community Financial Co (SCMF: Quote) was halted. Capital Bank Financial Corp., parent of Capital Bank, N.A., announced that it has signed a definitive agreement to acquire 100% of the stock of the company for $2.875 per share.

Trading in shares of ZST Digital Networks, Inc. (ZSTN: Quote) was halted.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
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