Gainers:
Ann Inc. (ANN) is rising over 11 percent to $31.40. The company's second quarter profit improved 24 percent from the year-ago quarter. Total net sales advanced from the last year quarter and were above Wall Street view. The company also raised its net sales guidance for fiscal 2012.
Foot Locker, Inc. (FL) is up 5 percent to $36.26. The company's second quarter profit increased from the previous year period. Total sales for the quarter increased 7.20 percent, with comparable-store sales improving 9.8 percent.
Gap Inc. (GPS), Brocade Communications Systems, Inc. (BRCD) are rising following the release of their quarterly results.
Decliners:
Marvell Technology Group Ltd. (MRVL) is plunging nearly 10 percent to $11.08. The company's second quarter profit plunged from the year-ago quarter. Both earnings per share and net sales were below analysts' expectations. The company noted that its second quarter results were affected primarily by the slowdown in the macro-economic environment that impacted its storage and mobile end markets.
Ares Capital Corp. (ARCC) is falling 3 percent to $16.80 based on the news that the company plans to make a public offering of 19 million shares of its common stock.
Hibbett Sports, Inc. (HIBB) is down 4 percent to $59.40. The company's second quarter profit increased from the same quarter a year earlier and was above Wall Street view. However, net sales missed the consensus estimate. Meanwhile, the company increased its earnings guidance for fiscal 2013.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.