Information provided by The flyonthewall.com Walgreen
) reported earnings that beat expectations and revenue a bit below consensus, but also agreed to a long-term partnership with AmerisourceBergen
). Walgreen, which is granted the right to buy a stake in AmerisourceBergen as part of the deal, rose nearly 5%, while AmerisourceBergen advanced over 5%.
However, Cardinal Health
), which was the incumbent at Walgreen and will be losing the business when its contract expires, declined 7%.
Among the notable gainers were NPS Pharmaceuticals
), up 8% after revising its agreements regarding a drug with partner Takeda, and Lattice Semiconductor
), which rose 6% after increasing its guidance for quarterly revenue growth.
Among the noteworthy losers was Electronic Arts
), which fell 8% after its CEO resigned and the company warned it will likely come in below or near the bottom of its prior guidance. Also lower after a revenue warning were shares of Lululemon
), which slid over 5% after the company said a shortage of certain yoga pants will stop it from hitting its previous quarterly goals.