Market Focus

Abercrombie & Fitch

Shares of Abercrombie & Fitch popped after the teen retailer announced a smaller than expected loss. Revenues fell slightly, but were still better than analyst estimates. Looking ahead, the company stuck by its full-year earnings forecast. The stock rose almost six percent to $37.14.

Amsurg & Sheridan Healthcare 

A healthcare deal was in the news today. The health care facility operator Amsurg is buying the physician outsourcing service Sheridan Health in a deal valued at $2.35 billion dollars. Amsurg says the combined business will have a total market of about $70 billion. Its shares rose about seven percent to $45.74. Sheridan is privately held.

Microsoft & Salesforce.com

A cloud computing deal could be in the works between Microsoft and Salesforce.com. Reportedly, the two are in talks to let Microsoft’s cloud service customers use Salesforce’s relationship management programs. Shares of both companies rose in today’s session: Microsoft rose a fraction to $40.34. Sales rose two percent to $54.40.

Dish Network

If you’re a Dish Network customer, you will soon be able to pay your bill in Bitcoin. The satellite TV operator says it would be the biggest company to accept the virtual currency as payment, which it will start to do in the third quarter. Shares rose a fraction to $59.55.

Express 

Express reported weaker than expected first quarter results. The specialty apparel retailer also saw its same-store sales shrink and it gave weak guidance about future results. Shares fell sharply after the report. During the regular session the stock was up a fraction to $13.63.

Lions Gate Entertainment

Another miss after-hours from Lions Gate Entertainment. The entertainment company saw its revenue decline eight percent. That’s despite strong contributions from the movie Divergent, which premiered ten days before the end of the quarter. Shares tumbled after the close. At the close the stock was up more than 2.5 percent to $29.53.

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