Walgreen Co. (WAG: Quote) is gaining more than 15 percent to $35.76. The company and Express Scripts (ESRX: Quote) have reached a multi-year pharmacy network agreement that includes rates and terms. Under thee terms of the agreement, Walgreen will participate in the broadest Express Scripts retail pharmacy network available to new and existing clients. ESRX is up 4 percent to $60.
Nokia Corp. (NOK: Quote) is rising 14 percent to $1.97. The company's second quarter loss widened from the previous year period. Net sales declined 19 percent from the year-ago quarter.
UnitedHealth Group Inc. (UNH: Quote) is up over 2 percent to $57.64 . The company's second quarter profit improved from the previous year and its earnings per share topped Wall Street view. Total revenues increased from the year-ago quarter, but missed the consensus estimate. The company also raised its fiscal 2012 net earnings outlook.
Mellanox Technologies, Ltd. (MLNX: Quote) is jumping 44 percent to $95.84. The company's second quarter profit and revenues surged from the previous year period and also topped Wall Street predictions.
pSivida Corp. (PSDV) is rising 7 percent to $2.30. The company announced that the FDA has cleared its IND application to treat posterior uveitis with injectable sustained-release micro-insert. pSivida is now permitted to move directly to two Phase III trials to treat patients with posterior uveitis.
Philip Morris International Inc. (PM: Quote) is up over 1 percent to $90.57. The company's second quarter profit declined from the last year period. Net revenues, excluding Excise Taxes, declined from the year-ago quarter, but topped the consensus estimate. The company reaffirmed, at prevailing exchange rates, its 2012 full-year reported diluted earnings per share forecast.
IBM (IBM: Quote), eBay (EBAY: Quote) and Qualcomm (QCOM: Quote) are trading higher in reaction to their results.
Morgan Stanley (MS: Quote) is falling 4 percent to $13.43. The company swung to a profit in its second quarter, but earnings per share were below Wall Street view. Consolidated net revenues declined 24 percent from the prior year period.
Verizon Communications Inc. (VZ: Quote) is falling over 1 percent to $45.19. The company's second quarter earnings increased from the year-ago quarter, while its earnings per share matched Wall Street view. The company said it remain on track to meet its financial objectives and produce solid double-digit earnings growth for the year.
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by RTT Staff Writer
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