Market Focus

Rosetta Stone

Rosetta Stone popped on buyout interest. The language products company is evaluating an expression of interest that it received from the investment firm RDG Capital Fund Management. The company has been working to cut costs and simplify its business as its revenue has slipped in recent years. Shares jumped 18.5 percent on the news to close at $7.62.

Big Lots 

Weak guidance weighed on shares of Big Lots today. The discount retailer saw its profit rise, as same-store sales increased. For the year, it lifted the lower end of its outlook, but the company issued soft guidance for the current quarter. Shares were 2.5 percent lower to $43.90.

Genesco

Genesco posted results that missed estimates. The footwear and hats retailer blamed port delays and gross margin pressure. The firm said its current quarter is off to a good start, but it cut its full-year earnings forecast. Shares tumbled more than two percent to $66.19.

Apple

Apple has bought a German augmented reality firm called Metaio. The company develops technology that combines real-world imagery and computer generated elements to making moving video, so consumers can do things like view the inside of a car before purchasing. The terms of the deal weren’t disclosed. Shares of Apple were off $1.50 to $130.28.

Amazon

Amazon is planning to expand its line of privately-branded food and household products, according to the Wall Street Journal. This would mirror the private label strategy by other large retailers. Shares were a fraction higher to $429.23.

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