After-market Movers For August 27 (PVH, DEPO, MCP, SBH, REFR)

RELATED NEWS

Trade PVH now with

8/27/2012 5:34 PM ET

Gainers:

PVH Corp. (PVH: Quote) advanced more than 4 percent to $92.30. The company's second quarter profit increased from the year-ago quarter and its non-GAAP earnings per share topped Wall Street view. The company currently projects third quarter revenue to decrease 2 percent to 3 percent, and expects non-GAAP earnings per share in-line with analysts' estimate. Meanwhile, the company raised its full-year non-GAAP earnings forecast.

DepoMed Inc. (DEPO: Quote) gained over 6 percent to $5.44 based on the news that Janssen Pharmaceuticals, Inc., has licensed rights to Acuform gastric retentive drug delivery technology. Depomed will receive an upfront payment of $10 million and a low single digit royalty on net sales of NUCYNTA ER in the U.S., Canada and Japan from and after July 2, 2012 through December 31, 2021.

Molycorp, Inc. (MCP: Quote) gained over 5 percent to $10.04. The company announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, California. The company also stated that it remain on track to achieve full Phase 1 production rates at Mountain Pass in the fourth quarter of this year.

Sally Beauty Holdings Inc. (SBH: Quote) rose 1 percent to $27.62 The company announced the retirement of three members of board, James Berges, Kenneth Giuriceo and Richard Schnall, in connection with the exit of CD&R's investment in the company. The company's board elected Gary Winterhalter to replace Berges as the Chairman of the board. The company also announced its plan to repurchase up to $300 million of common stock over an 18-month period beginning October 1, 2012.

Decliners:

Research Frontiers Inc. (REFR: Quote) fell nearly 2 percent to $2.80. The company announced that it has commenced an underwritten public offering of its common stock and warrants to buy common stock. The company currently intends to use the net proceeds from the offering for working capital and general corporate purposes.

To receive FREE breaking news email alerts for PVH Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

<<Previous 66 Articles

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.