General Mills, Inc. (GIS) is rising nearly 1 percent to $44.99. The company reaffirmed its adjusted earnings guidance for the fiscal year ending May 26, 2013. The company also previewed its fiscal 2014 plans, which include stronger earnings per share growth and increased cash returns to shareholders.
OfficeMax Inc (OMX) is surging 21 percent to $13.00. Office Depot, Inc. (ODP) is jumping over 30 percent to $5.98. The companies are in advanced stage talks to merge, according to media reports.
Staples, Inc. (SPLS) is gaining 13 percent to $14.67.
Express Scripts Holding Co. (ESRX) is rising 5 percent to $58.40. The company's fourth quarter earnings surged from the previous year period. Revenue for the quarter jumped and also were above the consensus estimate. The company forecast 2013 adjusted earnings from continuing operations in-line with Wall Street view.
Fresh Del Monte Produce Inc. (FDP) is falling nearly 1 percent to $27.09. The company reported breakeven results for the 2012 fourth quarter, versus a loss in the year-ago quarter. Net sales declined from the prior year period and also missed the consensus estimate.
Perry Ellis International Inc. (PERY) is falling more than 7 percent to $17.88. The company lowered its fiscal year 2013 outlook, reflecting the exit of underperforming brands and businesses and consolidation of operations.
by RTT Staff Writer
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