Wal-Mart Stores, Inc. (WMT: Quote) is rising 3 percent to $61.05. The company's first quarter profit and revenues increased from the year-ago period, and were also above Wall Street view. Walmart U.S. comparable store sales rose 2.6 percent, which is above its guidance range.
Sears Holdings Corp. (SHLD: Quote) is up 7 percent to $54.50. The company swung to a profit in its first quarter. Revenues for the quarter declined from the previous year period, but topped consensus. The company also announced that its board has approved a plan for the partial spin-off of its interest in Sears Canada Inc.
Agilent Technologies Inc. (A: Quote) is rising nearly 6 percent to $42.00. The company has agreed to acquire Dako, Denmark-based cancer diagnostic company. The $2.2 billion acquisition, on a debt-free basis, is the largest in the company's history.
Pansoft Company Ltd. (PSOF: Quote) is up 20 percent to $3.81 as the company has agreed to be acquired by Timesway Group Ltd. If completed, the merger will result in the company becoming a privately-held company and its shares will be no longer be listed on the NASDAQ.
Canadian Pacific Railway Ltd. (CP: Quote) is gaining 2 percent to $76.93. The company announced the departure of Fred Green as President and Chief Executive Officer and also as a director. In addition, John Cleghorn, Tim Faithfull, Edmond Harris, Michael Phelps and Roger Phillips intend not to stand for re-election. Pershing Square's nominees, including William Ackman, will be elected to the board.
Children's Place Retail Stores, Inc. (PLCE: Quote) is down 0.63 percent to $44.25. The company's first quarter profit declined from the year-ago quarter, but its adjusted earnings per share were above Wall Street view. Net sales rose 2 percent and also topped consensus. The company expects to report a loss in its second quarter, which is wider than what analysts' estimate.
Dollar Tree, Inc. (DLTR: Quote) is falling 5 percent to $96.40. The company's first quarter profit and net sales improved from the year-ago period and also were above analysts' estimates. However, the company provided a weak outlook for its second quarter.
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by RTT Staff Writer
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