Information provided by Theflyonthewall.com Lexmark
) plans to exit its remaining inkjet hardware business to improve profitability. The restructuring news, as well as the company's announcement that it plans an additional $100 million in share repurchases during the second half of its fiscal year, helped send shares up over 13%.
) reported stronger-than-expected
Q3 results and said market prices for chicken have increased over the past few weeks. Sanderson also reduced its egg production by 2% and will run its plants 6% below capacity due in large part to higher grain costs. Other chicken producers like Tyson Foods
) and Pilgrim's Pride
) moved higher as well.
Among the notable gainers Tuesday were Movado
), up more than 16%, after its results and guidance topped expectations, and PVH Corp.
), up 6%, as it also benefited from a "beat and raise" quarterly report.
Among the noteworthy losers were Brown Shoe
), down 6%, after its Q2 revenue fell short of consensus, and Polypore
), down 7%, after General Motors
) temporarily halted production of its Chevy Volt electric vehicle.