Gainers:
KB Home (KBH) is up nearly 3 percent to $22.18. The company's first quarter net loss narrowed from the prior year period and was lesser than what analysts' had estimated. Revenues increased 59 percent as a result of an increase in the number of homes delivered and a higher average selling price and topped the consensus estimate. The company noted that it is confident that it will achieve its profitability goal for 2013.
AstraZeneca (AZN) is rising nearly 3 percent to $47.35. The company announced another 2,300 headcount reductions in its SG&A activities globally and revealed its strategy to return to growth. The number of job cuts, including the 1,600 and 1,150 eliminations announced earlier, amount to 5,050 over the 2013-2016 period, with the restructuring program estimated to result in one-time charges of $2.3 billion.
Perry Ellis International, Inc. (PERY) is gaining over 7 percent to $18.75. The company's fourth quarter profit improved from the prior year period and was above Wall Street view. managed to come in slightly ahead of the consensus estimate. The company maintained its fiscal year 2014 guidance it provided on February 19, 2013.
Intuitive Surgical, Inc. (ISRG) is up 3 percent to $512.00 following the company's announcement that it has authorized the repurchase an additional $1 billion of common stock.
Decliners:
Oracle Corp. (ORCL) is falling over 7 percent to $33.01 following the release of its quarterly results.
Scholastic Corp. (SCHL) is down 10 percent to $28.00. The company's third quarter loss widened from the year-ago quarter due to lower sales of the Hunger Games trilogy. The company also lowered its full-year forecast.
Airgas, Inc. (ARG) is declining more than 5 percent to $97.50 as the company warned that it may miss the low end of its fourth-quarter adjusted earnings per share guidance of $1.18 by approximately 4 percent, citing weaker-than-expected sales.
ParkerVision, Inc. (PRKR) is down nearly 2 percent to $3.39 following the news that it has priced its underwritten public offering of 4.10 million shares of its common stock at $3.25 per share.
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