AT&T, Inc. (T: Quote) is up 0.62 percent to $35.60. The company's second quarter profit improved from the previous year period and its earnings per share were above Wall Street view. However, total operating revenues were below the consensus estimate.
Biogen Idec Inc. (BIIB: Quote) is rising more than 2 percent to $143.00. The company's second quarter profit improved from the year-ago period and its non-GAAP earnings per share were above Wall Street view. Total revenues surged from the year-ago quarter and also topped the consensus estimate. The company raised its non-GAAP earnings per share outlook for 2012, but lowered its GAAP earnings forecast.
Sarepta Therapeutics, Inc. (SRPT) is surging 116 percent to $7.45. The company announced that treatment with its exon-skipping compound, eteplirsen, achieved a significant clinical benefit on the primary clinical outcome, the 6-minute walk test, over a placebo/delayed treatment cohort in a Phase IIb trial in Duchenne muscular dystrophy patients.
Under Armour Inc. (UA: Quote) is rising over 5 percent to $51.00. The company's net income and net revenues increased from the same period last year
and surpassed analysts' expectations. The company also raised its net revenues and operating income for 2012.
Whirlpool Corp. (WHR: Quote) is falling 4 percent to $64.75. The company swung to a profit in its second quarter. However, revenue declined nearly 5 percent and were below the consensus estimate. Meanwhile, the company backed its 2012 earnings forecast.
United Parcel Service, Inc. (UPS: Quote) is declining 4 percent to $74.90. The company's second quarter profit and revenue increased from the prior year, but both were below Wall Street view. The company noted that customers are more concerned as greater uncertainty exists, as it look toward the second half of the year. The company also lowered its earnings guidance for 2012.
Peabody Energy Corp. (BTU: Quote) is down over 4 percent to $22.14. The company's second quarter earnings declined sharply from the year-ago quarter. The company provided a weak guidance for its third quarter.
Volterra Semiconductor Corp. (VLTR: Quote) is down over 12 percent to $22.07 as its second quarter earnings per share and revenue missed analysts' expectations.
Trading in shares of Opnext, Inc. (OPXT: Quote) was halted. Oclaro Inc. (OCLR) and the company announced shareholder approval of their merger, that closed July 23, 2012. The combined company would still operate under the Oclaro name.
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by RTT Staff Writer
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