Gainers:
Men's Wearhouse, Inc. (MW) is gaining 14 percent to $33.30. The company's fourth quarter loss narrowed from the prior year period. Total net sales for the quarter rose 8.2 percent, but missed the consensus estimate. The company also announced that it has hired Jefferies & Co. to assist it in evaluating strategic alternatives for its K&G operations. The company also approved a new $200 million stock buyback program.
Apple Inc. (AAPL) is up over 1 percent to $433.80.
Decliners:
Amazon.com Inc. (AMZN) is falling more than 1 percent to $270.79. The company lowered the price of its best-selling Kindle Fire HD tablets in the U.S., citing lower production costs and expansion of sales in Europe and Japan.
E*TRADE Financial Corp. (ETFC) is down 5 percent to $11.19 based on its announcement about a secondary offering of 27.39 million shares of common stock by an affiliate of Citadel LLC.
Vera Bradley, Inc. (VRA) is falling 5 percent to $23.50. The company's fourth quarter results topped Wall Street view, but the company guided first quarter earnings per share and revenues well below analysts' prediction. Meanwhile, the company expects fiscal 2014 earnings per share in-line with analysts' estimate, but revenues below the consensus estimate.
For comments and feedback: editorial@rttnews.com