Trading in shares of Exelixis, Inc. (EXEL) was halted. The company announced that it did not reach a timely agreement under a special protocol assessment with the FDA on the proposed design and analysis of the '306 trial. The company expects to initiate the '306 trial by the end of 2011 and is no longer pursuing a SPA.
Gainers:
Allstate Corp. (ALL) is rising over 3 percent to $27.29 as its operating earnings per share were above Wall Street view. However, net income fell 55 percent and operating income declined 81.4 percent from the previous year.
Leap Wireless International Inc. (LEAP) is up 9 percent to $7.60 as its third quarter loss narrowed from the previous year significantly. Service revenues increased 19.4 percent. The company reported approximately 666,000 gross customer additions for the quarter.
Decliners:
Anadarko Petroleum Corp. (APC) is sliding 0.32 percent to $78.25 as it posted wider loss in its third quarter,including recently announced $4.0 billion settlement agreement with BP plc (BP). Adjusted net income for the quarter improved from the previous year.
General Cable Corp. (BGC) is plunging 14 percent to $24.01 as its third quarter profit declined sharply from the previous year. Adjusted Non-GAAP earnings per share and net sales were below analysts' estimates. The company said its third quarter results reflect continuing weak conditions in Europe and the impact of significant currency volatility and rapid commodity deflation in the latter portion of the quarter.
AvalonBay Communities, Inc. (AVB) is falling 5 percent to $127.01 as its third quarter FFO per share were below consensus. The company forecast fourth quarter FFO per share below analysts' estimate. The company lowered its full year 2011 FFO outlook.
Rogers Corp. (ROG) is down over 7 percent to $40.00 as the company forecast fourth quarter sales and earnings per share below analysts' expectations. The company's third quarter profit and sales increased from the year-ago quarter.
Herbalife Ltd. (HLF) is declining 3 percent to $60.50 as it guided fiscal 2012 earnings per share below consensus. The company's third quarter profit and net sales rose from the prior year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.