Gainers:
Limited Brands, Inc. (LTD) is up over 3 percent to $35.51 as it reported higher earnings and net sales for its second quarter. Adjusted earnings per share and net sales were above analysts' estimates. The company raised August comparable store sales growth forecast. The company boosted adjusted earnings per share guidance for 2011.
Endo Pharmaceuticals Holdings Inc. (ENDP) is rising nearly 2 percent to $32.40 amid the news that it is terminating its research program and collaboration related to the development of axomadol. The company recently announced that axomadol did not meet predetermined study end points in phase 2 study.
CACI International Inc. (CACI) is up 7 percent to $52.40 as it reported a 53.5 percent growth in its fourth quarter profit. Revenues for the quarter grew 13.5 percent. The company lifted its fiscal year 2012 guidance, citing expected stronger operating performance and the acquisition of Pangia Technologies.
Decliners:
Boeing Co. (BA) is currently down 0.66 percent to $61.77 amid the news that it has completed all flight tests required for type certification of the 787-8 Dreamliner with Rolls-Royce engines. The company said it look forward to making its first delivery to ANA in September. United Continental Holdings (UAL) announced that the first of its 787 Dreamliner aircraft enters the assembly phase at Boeing's facility in Everett, Wash., today.
NetApp, Inc. (NTAP) is falling more than 12 percent to $36.49 as its first quarter profit declined from the previous year. Revenues were below Wall Street view. The company forecast second quarter revenue below consensus. NetApp also announced that financial chief Steve Gomo has made the decision to retire, effective December 31, 2011.
Cree Inc. (CREE) is down 8 percent to $31.90 following announcement about the acquisition of Ruud Lighting, Inc., at an estimated net cost of approximately $525 million. Cree revised targets for first quarter of fiscal 2012 as Ruud Lighting's financial and operating results will be consolidated for the balance of this quarter.
JDS Uniphase Corp. (JDSU) is down 4 percent to $11.20 as it forecast first quarter non-GAAP net revenue below Street view. The company's fourth quarter profit and net revenue increased from the previous year.
PetSmart, Inc. (PETM) is declining nearly 2 percent to $40.79 following announcement that its second quarter profit and sales increased from the previous year. The company raised its earnings per share guidance for 2011. The company expects higher end of its third quarter earnings guidance range to meet consensus.
Invesco Mortgage Capital Inc. (IVR) is sliding 5 percent to $18.38 based on the news about its plan to make public offering of 20 million shares of its common stock.
Gentium S.p.A (GENT) is slumping 31 percent to $6.05 as it voluntarily withdrawn the New Drug Application for Defibrotide following recent correspondence from the FDA identifying numerous "Refuse to File" issues regarding the Company's NDA submission.
AvalonBay Communities, Inc. (AVB) is falling 3 percent to $129.00 amid the news that it intends to offer approximately 4.75 million shares of its common stock.
Wi-LAN Inc (WILN) is down 10 percent to $6.51 based on the news that it plans to make a formal all-cash offer to acquire Mosaid Technologies Inc. (MSD.TO) for about C$480 million. This transaction is expected to be accretive to WiLAN's adjusted earnings per share and cash flow per share in fiscal 2012.
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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.