Alcoa Inc. (AA) is up 0.77 percent to $9.17 as the company is slated to release its fourth quarter results after the market closes today.
Monsanto Co. (MON) is gaining 4 percent to $99.67. The company's first quarter earnings surged from the previous year period. Net sales improved from the year-ago quarter and topped the consensus estimate. The company also raised its ongoing earnings per share guidance for the full year.
Sears Holdings Corp. (SHLD) is up more than 2 percent to $44.00. The company announced that Louis D'Ambrosio will step down as its chief executive due to family health matters at the end of its fiscal year on February 2, 2013. Edward Lampert will then assume the role of CEO, in addition to his role as Chairman of the board. Meanwhile, the company said it expects to report a loss on a GAAP basis for its fourth quarter and full year.
Star Scientific, Inc. (STSI) is gaining nearly 15 percent to $3.14. The company announced preliminary results of the its ASAP Human Thyroid Study that analyzes the impact of anatabine dietary supplementation on thyroid health. The company noted that initial results for all study subjects suggest that dietary supplementation with anatbine ameliorates the immune system's targeting of the thyroid gland in autoimmune thyroiditis.
Perion Network Ltd (PERI) is rising 19 percent to $11.25. The company expects fourth quarter revenues to more than double from the year-ago quarter. The company also expects 80 percent year-over-year growth in its fiscal year 2013 revenues and 25 percent organic growth.
Yum! Brands, Inc. (YUM) is falling over 4 percent to $65.00 as it warned on its expectation of China Division same-store sales due to adverse publicity associated with a government review of China poultry supply and the corresponding significant impact on KFC China sales during the last two weeks of December. In addition, the company expects its full-year 2012 earnings per share, excluding special items, to be below Wall Street view.
Calumet Specialty Products Partners LP (CLMT) is falling more than 5 percent to $31.40. The company announced the commencement of an underwritten public offering of 5 million common units.
by RTT Staff Writer
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