Groupon, Inc. (GRPN: Quote) is rising more than 25 percent to $14.74. The company's first quarter loss narrowed from the year-ago quarter. Revenues increased 89 percent. Both adjusted earnings per share and revenue were above Wall Street view.
Dicks Sporting Goods Inc. (DKS: Quote) is gaining over 4 percent to $49.35. The company's first quarter profit and net sales increased from the year-ago quarter and were above Wall Street view. The company also raised its 2012 guidance for consolidated earnings.
Avon Products, Inc. (AVP: Quote) is falling 14 percent to $18.00 as Coty Inc. has withdrawn its $10.7 billion takeover bid for the company. Coty stated that Avon's continued delay and unwillingness to engage in discussions is disappointing and certainly not a constructive way to proceed.
Home Depot, Inc. (HD: Quote) is falling more than 3 percent to $48.20. The company's first quarter profit improved from the year-ago quarter. Sales grew 5.9 percent, but missed the consensus estimate.
Trading in shares of OraSure Technologies Inc. (OSUR: Quote) was halted. The FDA's Blood Products Advisory Committee will consider the company's application for the approval of its OraQuick Rapid HIV-1/2 test for sale in the U.S. consumer or OTC market at a meeting scheduled for today.
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by RTT Staff Writer
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