Gainers:
Agilent Technologies Inc. (A) rose 1 percent to $44.40. The company's second quarter profit declined 35 percent from the year-ago quarter, while its adjusted earnings per share were above Wall Street view. Revenues for the quarter remained flat with prior year quarter. The company guided third quarter results below analysts' view and also lowered its fiscal year 2013 revenue outlook. Meanwhile, the company increased its existing stock repurchase program by $500 million and also commenced a restructuring program that is expected to cut 450 jobs.
Mayflower Bancorp, Inc. (MFLR) surged 51 percent to $16.16 following the news that Independent Bank Corp. (INDB), parent of Rockland Trust Co., has agreed to acquire the company for approximately $37.2 million. Under the agreement, 70 percent of outstanding Mayflower shares will be exchanged for Independent shares at a fixed exchange ratio of 0.565 of an Independent share and the remaining 30 percent of shares will be purchased for $17.50 per share.
Vipshop Holdings Ltd. (VIPS) gained 10 percent to $36.80. The company reported a profit in its first quarter and its revenues surged 206.8 percent from the prior year period. The company also guided second quarter revenues above the consensus estimate.
Decliners:
Wal-Mart Stores Inc. (WMT) fell 0.29 percent to $78.55. The retailer said it will conduct in-depth safety inspections at all the 279 factories in Bangladesh that produce goods for the company and will begin posting results of these inspections on June 1.
For comments and feedback: editorial@rttnews.com