(RTTNews) - Gainers: Boeing Co. (BA) is rising over 1 percent to $59.25 amid reports that it is near to receive an order for 100 of its 737 single-aisle jets from Delta Air Lines Inc. (DAL). DAL is up nearly 2 percent to $7.35.
PharMerica Corp. (PMC) is jumping 38 percent to $15.15 as Omnicare, Inc. (OCR) proposed to purchase the company for $15.00 per share in cash. The transaction is valued at approximately $716 million, which includes PharMerica's net debt.
Medtronic, Inc. (MDT) is rising 2 percent to $31.90 as it reiterated its revenue outlook and diluted earnings per share guidance for fiscal year 2012 despite reporting lower earnings for its first quarter. Worldwide revenue increased 7 percent as reported, or 2 percent after adjusting for a favorable foreign currency impact.
Melco Crown Entertainment Ltd. (MPEL) is gaining 12 percent to $12.93 as it swung to a profit in its second quarter. Net revenue for the quarter increased approximately 67 percent.
Universal Display Corp. (PANL) is surging 19 percent to $41.35 based on the news that it will license its technologies and sell its proprietary materials to Samsung Mobile Display Co., Ltd. for use in its line of state-of-the-art OLED display products. Samsung Mobile Display was established in January 2009 as a joint venture between Samsung Electronics and Samsung SDI. In consideration of the license grant, SMD has agreed to pay Universal Display a license fee over the term of the license agreement.
UBS AG (UBS) is up over 3 percent to $13.63 as the Swiss banking giant announced plan to reduce about 3,500 jobs, as part of its already announced plans to cut costs of approximately 2 billion Swiss francs annually by the end of 2013.
Decliners:
H.J. Heinz Co. (HNZ) is down 1 percent to $51.50 as its first quarter profit declined from the previous year. However, adjusted earnings per share and sales were above Wall Street view. Heinz said it expects second quarter earnings per share to be in-line with, or slightly higher than prior year, and added that it is on track to deliver on its full-year constant currency earnings per share outlook, excluding the impact of one-time productivity initiatives.
Sources: RTTNews
PharMerica Corp. (PMC) is jumping 38 percent to $15.15 as Omnicare, Inc. (OCR) proposed to purchase the company for $15.00 per share in cash. The transaction is valued at approximately $716 million, which includes PharMerica's net debt.
Medtronic, Inc. (MDT) is rising 2 percent to $31.90 as it reiterated its revenue outlook and diluted earnings per share guidance for fiscal year 2012 despite reporting lower earnings for its first quarter. Worldwide revenue increased 7 percent as reported, or 2 percent after adjusting for a favorable foreign currency impact.
Melco Crown Entertainment Ltd. (MPEL) is gaining 12 percent to $12.93 as it swung to a profit in its second quarter. Net revenue for the quarter increased approximately 67 percent.
Universal Display Corp. (PANL) is surging 19 percent to $41.35 based on the news that it will license its technologies and sell its proprietary materials to Samsung Mobile Display Co., Ltd. for use in its line of state-of-the-art OLED display products. Samsung Mobile Display was established in January 2009 as a joint venture between Samsung Electronics and Samsung SDI. In consideration of the license grant, SMD has agreed to pay Universal Display a license fee over the term of the license agreement.
UBS AG (UBS) is up over 3 percent to $13.63 as the Swiss banking giant announced plan to reduce about 3,500 jobs, as part of its already announced plans to cut costs of approximately 2 billion Swiss francs annually by the end of 2013.
Decliners:
H.J. Heinz Co. (HNZ) is down 1 percent to $51.50 as its first quarter profit declined from the previous year. However, adjusted earnings per share and sales were above Wall Street view. Heinz said it expects second quarter earnings per share to be in-line with, or slightly higher than prior year, and added that it is on track to deliver on its full-year constant currency earnings per share outlook, excluding the impact of one-time productivity initiatives.
Sources: RTTNews
