Before The Bell

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Rackspace Hosting Inc. (RAX) announced after the bell Tuesday that it has ended its evaluation of alternatives that would result in Rackspace being acquired. The company declared its commitment to remain independent. The company also announced that Taylor Rhodes has been named as its chief executive...

General Mills Inc. (GIS) reported first quarter adjusted EPS of $0.61 Wednesday morning, down from $0.70 a year ago. Analysts expected EPS of $0.69. Looking ahead, General Mills reiterated its full-year growth targets for 2015. General Mills gapped down Wednesday and declined until mid-morning. The...

Adobe Systems Inc. (ADBE) reported third quarter adjusted EPS of $0.28 after the close Tuesday, down from $0.32 in the previous year. Revenues rose to $1.01 billion from $995.12 million a year ago. The consensus estimates were for EPS of $0.26 and revenues of $1.02 billion. Adobe Systems gapped open...

Lennar Corp. (LEN) reported third quarter EPS of $0.78 Wednesday morning, up from $0.54 in the previous year. The consensus estimate was for EPS of $0.67. New orders increased 23 percent to 5,889 homes, and new orders dollar value grew 28 percent to $1.9 billion. Lennar gapped up Wednesday and rose...

Activist investor Nelson Peltz's Trian Fund Management LP proposed to divide DuPont (DD) into GrowthCo and CyclicalCo, in addition to the announced separation of Performance Chemicals. Trian Fund hold nearly $1.6 billion in DuPont stock. DuPont gapped open sharply higher Wednesday and posted gains...

U.S. Steel Corp. (X) announced after the bell Tuesday that it expects third-quarter adjusted results to be significantly higher than the current consensus earnings per share estimates. Analysts are expecting EPS of $0.89. U.S. Steel gapped open sharply higher Wednesday, but was range-bound throughout...

FedEx Corp. (FDX) reported first quarter EPS of $2.10 Wednesday morning, up from $1.53 a year ago. Analysts expected EPS of $1.96. Full year 2015 EPS is expected to be between $8.50 and $9.00. The consensus estimate is for EPS of $8.84. FedEx gapped open sharply higher Wednesday, but traded in a range...

Apogee Enterprises Inc. (APOG) reported second quarter adjusted EPS of $0.35 after the bell Tuesday, which topped the consensus estimate of $0.34. The company increased its full year 2015 EPS forecast to between $1.62 and $1.72. Analysts are expecting EPS of $1.44. Apogee Enterprises gapped open...

Lam Research Corp. (LRCX) dipped slightly in early trade Tuesday, but climbed for the majority of the session. Shares ended the day with a gain of 1.96 at $74.09. Lam Research broke out of a 3-week trading range Tuesday and set a new high for the year.

Analogic Corp. (ALOG) reported fourth quarter adjusted EPS of $1.36 after the bell Monday, down from $1.53 last year. Revenues fell 15% to $142.0 million from $166.2 million a year ago. The consensus estimates were for EPS of $1.24 and revenues of $150.37 million. Analogic gapped open sharply lower...

Sears Holdings Corp. (SHLD) announced in a regulatory filing after the close Monday that it borrowed a $400 million secured short-term loan from its Chief Executive Officer and Chairman Edward Lampert's hedge fund ESL Investments Inc. Sears dropped sharply during the first 30 minutes of trade Monday...

Regeneron Pharmaceuticals Inc. (REGN) announced Tuesday morning that it has been granted Breakthrough Therapy designation by the FDA for its EYLEA Injection. EYLEA is a treatment for diabetic retinopathy in patients with diabetic macular edema. Regeneron Pharmaceuticals climbed during the first half...

Fonar Corp. (FONR) reported full year 2014 EPS of $1.58 after the bell Monday, compared to $1.34 in the previous year. Fonar gapped up Tuesday and climbed during the first half hour of trade. The stock was range-bound for the remainder of the day and closed up by 1.74 at $13.18 on the highest volume...

Bill Barrett Corp. (BBG) announced Tuesday morning that it has signed purchase and sale agreements for the sale of the majority of its Powder River Basin acreage and its remaining position in the Gibson Gulch natural gas program in the Piceance Basin. Bill Barrett Corp. gapped open higher Tuesday...

Humana Inc. (HUM) announced Tuesday morning that its Board of Directors has approved a $2 billion share repurchase authorization. Humana climbed for the majority of the morning Tuesday, but was range-bound throughout the afternoon. The stock finished up by 4.71 at $132.37 on above average volume....