Market Focus

Xerox

Xerox reported its first quarterly loss in years. A disrupted project weighed on the company’s results. Lower printer sales and a stronger dollar didn’t help either. Xerox says it will conduct a review of its business operations, but a sale of the firm isn’t being considered. Shares fell three percent to $10.02.

Valeant Pharmaceuticals

Another down day for Valeant Pharmaceuticals. The firm defended itself against allegations of fraudulent business practices, which we told you about last week. But the company also says it has named a committee to look into the claims. Shares slipped more than five percent to $110.04.

Oracle

Oracle pulling the curtain back today on a host of new cloud-based services. Co-CEO Mark Hurd says the firm’s ability to compete with others in the cloud space is growing. The stock rose a fraction to $38.37.

Lending Tree

Lending Tree reported better-than-expected results. The online mortgage broker also raised its revenue estimate for the full-year. Shares surged 23 percent to $120.98.

LabCorp

LabCorp announced a big jump in revenue in its latest quarter. The firm said its recent acquisition of the firm Covance helped its top line. Shares jumped five percent to $117.74.

Comcast

Comcast will reclassify its special class A common shares into regular common stock, as long as shareholders approve. The company says the move is an effort to clear up confusion over the different classes of its stock. Shares rose a fraction to $62.15. Comcast is the parent company of CNBC, which produces this program.

Cheesecake Factory

Mixed quarterlies from Cheesecake Factory after the close. The chain reported earnings that beat estimates, while revenue came in short of consensus. Shares were volatile in after-hours trading. During the regular session the stock rose 2.5 percent to $51.99.

Rent-A-Center

A weak outlook sent shares of Rent-A-Center way down after the close. Its earnings topped estimates, while revenue missed consensus. Shares plunged in initial after-hours trading, down as much as 20 percent. During the regular session the stock was up a fraction to $25.78.

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