Gainers:
Dillard's, Inc. (DDS) gained more than 5 percent to $70.00. The company's first quarter profit and revenues improved from the year-ago period. comparable store sales increase 5 percent.
McDermott International Inc. (MDR) gained 9 percent to $10.79. The company's first quarter profit declined from the year-ago quarter, but was above Wall Street view. Revenues dropped sharply from prior year and also missed consensus.
Decliners:
JPMorgan Chase & Co. (JPM) declined over 5 percent to $38.50. The company hosted a surprise conference call today evening. The company has filed its quarterly report in Form 10-Q after the markets closed today. The company has disclosed that it currently estimates second quarter net income, excluding Private Equity results and litigation expense, in Corporate, within its Corporate/Private Equity segment, to be a loss of approximately $800 million. The company added that, since March 31, 2012, Chief Investment Office has had significant mark-to-market losses in its synthetic credit portfolio, and that this portfolio has proven to be riskier, more volatile and less effective as an economic hedge than it had previously believed.
Nordstrom, Inc. (JWN) fell 5 percent to $50.80. The company's first quarter profit increased from the previous year period, but missed Wall Street view. Net sales improved 13.7 percent, while same-store sales increased 8.5 percent. Meanwhile, the company expects fiscal 2012 earnings per share below analysts' estimate.
American Public Education, Inc. (APEI) fell 9 percent to $28.95. The company's first quarter earnings increased from the year-ago quarter and came in above Wall Street view. Revenues increased 29 percent and topped the consensus estimate. However, the company guided second quarter earnings per share below analysts' expectation.
Darling International Inc. (DAR) declined 12 percent to $14.10. The company's first quarter earnings and revenues declined from the comparable period prior year and were also below Wall Street view.
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