Wendy's Co. (WEN: Quote) is rising 2 percent to $4.63. The company slipped to a loss in the second quarter, while its adjusted earnings per share from continuing operations matched Wall Street view. Consolidated revenues improved 3.8 percent, but were below the consensus estimate.
Elizabeth Arden, Inc. (RDEN: Quote) is surging 15 percent to $44.95. The company's fourth quarter profit declined from the year-ago quarter, although its adjusted earnings per share were above Wall Street view. Net sales for the quarter rose 4.6 percent and topped the consensus estimate. The company guided first quarter results above analysts' expectations.
E*TRADE Financial Corp. (ETFC: Quote) is rising 3 percent to $8.26. The company has appointed Chairman Frank Petrilli to serve as its interim chief executive. Petrilli's appointment follows the departure of Steven Freiberg.
Robbins & Myers, Inc. (RBN: Quote) is jumping 27 percent to $59.50 based on the news that National Oilwell Varco Inc. (NOV: Quote) has agreed to acquire the company for $60 per share in cash. NOV is down 1 percent to $75.50.
Salix Pharmaceuticals Ltd. (SLXP: Quote), Allscripts Healthcare Solutions, Inc. (MDRX: Quote) are rising in reaction to their quarterly results.
Kohl's Corp. (KSS: Quote) is falling 2 percent to $51.02. The company's second quarter profit and net sales declined from the same period the prior year. The company also lowered its fiscal 2012 earnings forecast.
Advance Auto Parts, Inc. (AAP: Quote) is falling 6 percent to $66.45. The company's second quarter profit declined from the year-ago quarter and was below analysts' projection. Total sales decreased 1.3 percent and were also below the consensus estimate. The company also lowered its fiscal 2012 comparable store sales and earnings forecast.
News Corp. (NWSA: Quote), Monster Beverage Corp. (MNST: Quote) are falling following the release of their results.
Trading in shares of Sagent Pharmaceuticals, Inc. (SGNT: Quote) was halted. The company's second quarter net loss narrowed from the prior year period. Net revenue for the quarter increased 32 percent and topped the consensus estimate.
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by RTT Staff Writer
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