Gap Inc. (GPS) is rising 1 percent to $33.59. The company's comparable sales for January improved 8 percent versus a 4 percent decrease in the year-ago period, while comparable sales for the fourth quarter rose 5 percent compared with a 4 percent decrease last year. The company also forecast fourth quarter earnings per share above Wall Street view.
Macy's, Inc. (M) is gaining 4 percent to $40.99. The company's same-store sales for January rose 11.7 percent, with total sales improving 34.6 percent. The company raised its fourth quarter earnings per share guidance.
Home Loan Servicing Solutions, Ltd. (HLSS) is jumping over 10 percent to $$23.72. The company swung to a profit in its fourth quarter. The company noted that its results exceeded its revised guidance as lower than expected prepayments reduced amortization expense.
Teva Pharmaceutical Industries Limited (TEVA) is down 2 percent to $37.35. The company's fourth quarter profit declined from the same period a year earlier and its non-GAAP earnings per share were below Wall Street view. Net revenues declined from the year-ago quarter and also missed the consensus estimate.
Sprint Nextel Corp. (S) is down 0.52 percent to $5.74. The company's fourth quarter loss widened from the year-ago quarter. Net operating revenues improved from the prior year period and were above analysts' estimate.
Ann Inc. (ANN) is down 8 percent to $30.19. The company lowered its fourth quarter and fiscal 2012 net sales guidance, reflecting lower comparable sales forecast. The company noted that its Northeast region were negatively impacted by the lingering effects of Hurricane Sandy and that LOFT's fourth quarter investment did not resonate with clients this holiday season.
Green Mountain Coffee Roasters Inc. (GMCR) is falling 8 percent to $45.10 and Akamai Technologies, Inc. (AKAM) is down 17 percent to $34.38 following the release of their quarterly results.
Trading in shares of First M&F Corp. (FMFC) was halted. Renasant Corp. (RNST) has agreed to acquire the bank holding company for exchange of its 0.6425 shares for each share of M&F common stock, representing aggregate common stock consideration of about $118.8 million.
by RTT Staff Writer
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