lululemon
It looks like lululemon is getting back into shape. The yoga apparel maker’s earnings beat Wall Street estimates on the top and bottom lines. It also raised the outlook the year. The company said higher than expected online sales helped lift its results. The stock surged about 14 percent to $43.73.
Kroger
Kroger also reported strong results. The grocery store chain’s quarterly report was better than anticipated and it hiked its profit and sales outlook for the year. The company attributed growing consumer confidence for the good performance. Shares were only up a fraction to $52.17.
Taminco & Eastman Chemical
Investors bought up shares of Taminco after Eastman Chemical Company announced it would buy the specialty chemical company in a deal valued at almost $3 billion. Eastman says the acquisition will strengthen its presence in the food, feed and agriculture markets. Taminco popped almost ten percent to $26.21, but shares of Eastman were off one percent to $82.34.
Alcoa & Boeing
Alcoa has signed a long-term contract to supply Boeing with aluminum sheet and plate that’s worth more than $1 billion. This new contract is the largest ever signed between the two companies. Despite that shares of Alcoa slumped, down nearly two percent to $16.90. Boeing also fell slightly to $127.64.
Gogo & T-Mobile
Another partnership announced today. Gogo, known for its Wifi service on planes is partnering up with T-Mobile to provide free in-flight texting and other services beginning on September 17th. Shares of Gogo rose about 9.5 percent on the news to $18.58. T-Mobile fell slightly to $30.45.
Pandora
Pandora scored a licensing partnership with BMG, the world’s fourth largest music publisher. BMG’s roster includes songwriters who have written hits for a wide-range of performers from Frank Sinatra to Beyonce. Pandora jumped three percent to $26.94.
Ulta
Ulta popped after hours right after the company reported better than expected second quarter earnings and revenue. The cosmetics retailer also gave and upbeat outlook for the full year. The stock was higher after the bell. In the regular session shares were up a fraction to $97.48.
Hertz
Hertz has reached a deal with activist investor Carl Icahn, it’s agreed to add three of his representatives to the Hertz board. In return Icahn agreed not to launch a proxy contest at the car-rental company. These new board members will be involved in the search for a new CEO. The company’s chief stepped down on Monday. Shares soared initially after-hours. During the regular session the stock was up slightly at $27.75.
