Take a look at some of Wednesday’s morning movers:
Family Dollar Stores - The retailer earned $1.15 per share for its fiscal second quarter, two cents above estimates, while revenue was in line with analysts forecasts. Analysts are expressing some concern with an 11 percent rise in inventory levels, compared with last quarter's 4.5 percent figure.
Pentair - Tyco International is merging its flow-control business into Pentair in an all-stock deal. The transaction values the Tyco unit at $4.9 billion, and will add about 40 cents per share to Pentair's 2013 earnings.
Sealy - The company posted an unexpected first-quarter profit, on healthy demand for a new line of higher-priced mattresses. Separately, major shareholder H Capital Management is raising questions about allegedly unauthorized payments to largest shareholder KKR, in the ongoing dispute between the two over the strategic direction of Sealy.
Annie’s - The organic food company sold 5 million shares of its initial public offering at $19 a share, above the expected range of $16 to $18.
Apple - Apple is offering a refund to Australian buyers of its new iPad, a day after regulators accused it of misleading consumers over its 4G capabilities. The dispute stems from the iPad’s incompatibility with current Australian 4G LTE mobile networks.Page 1 of 2 | Next Page