News Summary

Shares of Stage Stores Inc (NYSE: SSI) fell about 0.5% after the company reported 5.3% decline in its March sales at stores open at least one year. However, analysts were expecting same-store sales to drop 6.5%. SSI's total sales for the five weeks ended April 2 dropped 4.1% to $134 million....

Shares of Genpact Ltd (NYSE: G) gained about 2.7% after the company announced its plans to buy consulting and IT services group Headstrong Corp. for $550 million in cash. The transaction is likely to close by the end of May. Shares of Monsanto Co (NYSE: MON) fell about 0.5% after the company...

Shares of Pfizer Inc (NYSE: PFE) gained about 0.9% after the company agreed to sell its Capsugel unit to private equity firm KKR & Co (NYSE: KKR) for around $2.38 billion. As a result of the sale, PFE slightly reduced its revenue projections for this year and next year. Shares of Discover...

Shares of Worthington Industries Inc (NYSE: WOR) gained about 1% after the company reported its Q3 earnings at $26.3 million, or $0.35 per share, versus a loss of $17.7 million, or $0.22 per share, in the year-earlier period. The company's sales increased to $569.4 million from $451.1 million....

Shares of Lennar Corp (NYSE: LEN) fell about 0.8% after the company swung to a FQ1 profit of $27.4 million, or $0.14 per share, from a loss of $6.5 million, or $0.04 per share, in the year-earlier period. The company's revenue fell 2.9% to $558 million. LEN's deliveries dropped 4% to 1,923 homes...

Shares of Walter Investment Management Corp (NYSE: WAC) dropped about 2.5% after the company agreed to acquire GTCS Holdings LLC for $1.07 billion. The company is expecting the deal to complete early in the third quarter of 2011. "We believe that with the acquisition of Green Tree, Walter...

Shares of ConAgra Inc (NYSE: CAG) gained about 1% after the company reported its FQ3 profit at $214.8 million, or $0.50 per share, compared with $229.6 million, or $0.51 per share, in the year-earlier period. The company's sales increased 4.1% to $3.15 billion. However, analysts were expecting...

Shares of General Mills Inc (NYSE: GIS) dropped about 2.5% after the company reported its FQ3 earnings at $392.1 million, or $0.59 per share, up from $332.5 million, or $0.48 per share, in the year-earlier period. The company's sales increased 2% to $3.65 billion. GIS' adjusted earnings came in at...

Shares of Walgreen Co (NYSE: WAG) dropped about 5% after the company reported its Q2 net earnings at $739 million, or $0.80 per share, compared with $669 million, or $0.68 per share, in the year-earlier period. The company's Q2 sales increased 8.9% to $18.5 billion. However, analysts were expecting...

Shares of Tiffany & Co (NYSE: TIF) surged about 8% after the company reported 29% rise in its Q4 net income rose. The company's earnings came in at $181.2 million, or $1.41 per share, versus $140.4 million, or $1.10 per share, in the year-earlier period. The company's sales increased 12% to $1....

Shares of FedEx Corp (NYSE: FDX) gained about 5.2% after the company reported its FQ3 earnings at $231 million, or $0.73 per share, compared with $239 million, or $0.76 per share, in the year-earlier period. The company's revenue increased 11% to $9.66 billion. The company's adjusted earnings came...

Shares of Patterson Companies Inc (NASDAQ: PDCO) fell about 0.2% after the company announced its plans to lift its quarterly dividend from $0.10 per share to $0.12 per share. The company also plans to repurchase 25 million shares, worth about $786 million. Shares of Covidien PLC (NYSE: COV)...

Shares of Williams-Sonoma Inc (NYSE: WSM) gained about 0.5% after the company reported its FQ4 earnings at $113.4 million, or $1.05 per share, compared with $88.4 million, or $0.81 per share, in the year-earlier period. WSM's revenue increased about 10% to $1.2 billion. On an adjusted basis, the...

Shares of Xilinx Inc (NASDAQ: XLNX) lost about 0.2% after the company reported that its Board of Directors lifted the quarterly cash dividend by $0.03 to $0.19 per share. "The increase in our quarterly dividend reflects our strong and consistent operating cash flow as well as our commitment to...

Shares of Smithfield Foods Inc (NYSE: SFD) gained about 2.5% after the company reported its Q3 net income at $202.6 million, or $1.21 per share, versus $37.3 million, or $0.22 per share, in the year-earlier period. The company's adjusted earnings came in at $0.84 per share. SFD's sales rose to $3....