Groupon, Inc. (GRPN) 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) 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Avon Products, Inc. (AVP) is falling 14 percent to $18.00 as Coty Inc. has withdrawn its $10.7 billion takeover bid for the company.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) 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) 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.
by RTT Staff Writer
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