Gainers:
Jefferies Group, Inc. (JEF: Quote) is rising over 2 percent to $13.44. The company's second quarter profit and revenues declined from the previous period, but topped Wall Street view.
Oracle Corp. (ORCL: Quote) is rising 5 percent to $28.48. The company's fourth quarter profit rose 8 percent from the year-ago quarter. Earnings per share, excluding items, and revenues were above the consensus estimate. The company's board has authorized the repurchase of up to an additional $10 billion of common stock.
Decliners:
Walgreen Co. (WAG: Quote) is down more than 1 percent to $31.45. The company's third quarter net earnings and sales declined from the year-ago period. The company also announced that it will invest approximately $6.7 billion in cash and stock in exchange for a 45% equity ownership stake in Alliance Boots GmbH. The company also announced an increase in its quarterly dividend by 22.2 percent.
FedEx Corp. (FDX: Quote) is declining more than 2 percent to $86.52. The company's earnings declined from the year-ago quarter and it guided first quarter earnings below Wall Street view. However, the company's adjusted fourth quarter earnings topped consensus estimate.
J.C. Penney Company, Inc. (JCP: Quote) is falling nearly 6 percent to $23. The company announced that Michael Francis will be leaving the company. The company said its chief executive Ron Johnson will assume direct responsibility and oversight of marketing and merchandising functions.
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by RTT Staff Writer
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