Gainers:
Avon Products Inc. (AVP) is rising 8 percent to $23.98. The company's slipped to a loss in its first quarter, but its adjusted earnings per share topped Wall Street view. Total revenue for the quarter declined from the prior year period.
Best Buy Co., Inc. (BBY) is up 4 percent to $25.20. The company agreed to offload its 50 percent stake in Best Buy Europe in favor of its joint venture partner Carphone Warehouse Group plc (CPW.L).
Transition Therapeutics Inc. (TTHI) is jumping 32 percent to $2.95. The company announced the results of a five-week proof of concept clinical study of TT-401 in type 2 diabetic and obese non-diabetic subjects. In the study, TT-401 a once-weekly administered peptide, demonstrated significant improvements in glycemic control and reductions in body weight.
SIRIUS XM Radio Inc. (SIRI) is up 2 percent to $3.13. The company's first quarter profit and revenues improved from the prior year period, but missed Wall Street view. Subscriber base increased 9 percent to 24.4 million. The company said it still expects total subscriber additions of about 1.4 million in 2013. In addition, Sirius announced that it has appointed its interim CEO James Meyer as its permanent chief executive.
Decliners:
Pfizer Inc. (PFE) is down 3 percent to $29.43. The company's first quarter profit increased from the prior year period. Revenues declined 9 percent and missed the consensus estimate. Meanwhile, the company lowered its full-year 2013 guidance.
Pitney Bowes Inc. (PBI) is down over 7 percent to $14.95. The company's first quarter earnings plunged from the year-ago quarter. Revenue also declined from the prior year period adversely impacted by lower recurring revenue streams in the Small and Medium Business group, lower licensing revenue in the Software segment, and some pricing pressures in the Management Services segment. The company also reduced its second quarter dividend to 18.75 cents per share for common stock.
Nuance Communications, Inc. (NUAN) is falling 13 percent to $20.30. The company slipped to a loss in its second quarter and its adjusted earnings per share were below analysts' expectation. The company also announced the approval of $500 million of stock buyback plan.
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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.