Gainers:
NetApp, Inc. (NTAP) gained nearly 11 percent to $30.05. The company's second quarter earnings decreased from the year-ago quarter, but its non-GAAP earnings per share were above analysts' estimate. Revenues improved from the previous year period and were in-line with the consensus estimate. The company forecast third quarter results in-line with analysts' projections.
PetSmart, Inc. (PETM) rose over 6 percent to $68.95. The company's third quarter profit improved from the year-ago period and was above Wall Street view. Total sales for the quarter increased 9 percent, while comparable store sales grew 6.5 percent. The company also announced that its finance chief Chip Molloy will be resigning in early 2014.
Starbucks Corp. (SBUX) improved nearly 1 percent to $49.24. The company announced today afternoon that it has agreed to acquire tea company Teavana Holdings Inc. (TEA) for about $620 million in cash. TEA closed its regular session 52 percent higher based on this news.
Decliners:
Limited Brands, Inc. (LTD) was down 0.52 percent to $46.36. The company's third quarter profit declined from the same period previous year, but its adjusted earnings per share were above Wall Street view. Comparable store sales for the quarter increased 5 percent. The company also raised its adjusted earnings per share forecast for 2012. The company announced $250 million share repurchase program and also declared its regular quarterly dividend of $0.25 per share.
Velti Plc (VELT) plunged 25 percent to $5.00. The company slipped to a loss in its third quarter on a GAAP basis, while adjusted net loss widened from the year-ago period. Total revenue increased 62 percent and managed to beat the consensus estimate. The company also announced that it has entered into an agreement to divest certain declining assets associated with economically challenged customers, such as Greece and the Balkan States.
Diamond Foods, Inc. (DMND) declined 20 percent to $15.60. The company reported a net loss for the 9-month period, while non-GAAP income before income taxes plunged primarily due to the decline in gross profit. The company also announced that it has filed its restated results, which resulted in reductions in income before taxes of $39.5 million in fiscal 2011 and $17.0 million in fiscal 2010 from amounts previously reported. The company also announced that John Gilbert and Richard Wolford have decided to step down from the board.
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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.