Gainers:
Express Scripts Holding Co. (ESRX: Quote) advanced 7 percent to $60.00. The company's second quarter profit declined from the year-ago quarter, although its adjusted earnings per share topped Wall Street view. Revenues jumped from the prior year period and were also above the consensus estimate. The company also raised its 2012 outlook for adjusted earnings per share.
Dean Foods Co. (DF: Quote) gained 25 percent to $15.50. The company swung to a profit in its second quarter and its adjusted earnings per share were above analysts' expectation. Net sales for the quarter declined from the year-ago quarter and missed the consensus estimate. The company raised its earnings guidance for the full year 2012. The company also announced that WhiteWave Foods Co., which will be comprised of WhiteWave-Alpro segment, has filed for initial public offering of up to $300 million of Class A common stock. At the time of the offering, Gregg Engles will be appointed Chairman and CEO of WhiteWave Foods and Gregg Tanner will be promoted to CEO of Dean Foods.
Decliners:
Walt Disney Co. (DIS: Quote) fell more than 1 percent to $49.00. The company's third quarter earnings increased from the year-ago quarter and were above analysts' estimate. Revenue for the quarter rose 4 percent, but missed the consensus estimate.
Primo Water Corp. (PRMW: Quote) declined 18 percent to $1.19. The company's second quarter net loss widened from the prior year period. Total net sales increased 20.6 percent and were above Wall Street view. The company expects to report a loss in its third quarter and net sales below the consensus estimate. The company said it will pursue strategic alternatives including potential Flavorstation appliance brand licensing partnerships or the sale of certain Flavorstation appliance assets.
Warner Chilcott Plc (WCRX: Quote) fell nearly 6 percent to $16.75. The company, which put itself for sale in April, announced that it has ceased discussions regarding potential offers for the company. Meanwhile, the company announced a recapitalization transaction, a new dividend policy for regular cash dividends and the renewal of existing share redemption program.
Priceline.com Inc. (PCLN: Quote) plunged 15 percent to $576.41. The company's second quarter profit improved from the prior year quarter and its non-GAAP earnings per share were above Wall Street view. However, the company forecast third quarter earnings per share below analysts' expectation.
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by RTT Staff Writer
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