Gainers:
AAR Corp. (AIR) is rising 10% to $31.43 as its fourth quarter profit rose from the previous year. Sales for the quarter grew 32%.
Helen of Troy Limited (HELE) is gaining over 1% to $36.06 as it reported higher earnings and net sales revenue for the quarter.
APAC Customer Services Inc. (APAC) is up 56% to $8.47 as it agreed to be acquired by One Equity Partners, the private investment arm of JPMorgan Chase & Co (JPM). Under the terms of the agreement, One Equity Partners will pay APAC stockholders $8.55 per share in cash.
Limited Brands, Inc. (LTD) is gaining 3% to $40.50 as it posted a 12% increase in its comparable store sales for June and also for the 22 weeks ended July 2, 2011.
Macy's, Inc. (M) is up nearly 3% to $29.60 as it reported 6.7% growth in same-store sales for June. The company said sales growth in June exceeded its expectations. The company currently expects same-store sales to rise by about 6% in the second quarter, which would calculate to same-store sales growth of around 4.8% for the full year of fiscal 2011.
Decliners:
Affymetrix Inc. (AFFX) is falling nearly 18% to $6.59 as it forecast second quarter revenue below Wall Street estimates. The company said it experienced decreased sales to academic customers across all regions, particularly in North America, during the second quarter.
Starbucks Corp. (SBUX) is falling nearly 2% to $39.80 amid reports that baristas at company's outlets in Chile plan to strike on Thursday because their wages are so low that they cannot afford to buy lunch.
by RTTNews Staff Writer
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