The Home Depot, Inc. (NYSE:HD) stock fell 2.02% to $48.87 in the morning hour after the company reported first-quarter net earnings of $1.04 billion or $0.68 per share, as compared to $812 million or $0.50 per share reported last year. Adjusted earnings for the first quarter were $0.65 per share. Net sales grew 5.9% to $17.81 billion from $16.82 billion a year ago. Analysts expected earnings per share of $0.65 on revenue of $17.90 billion. Looking ahead, for the fiscal ending January 2013, the company now expects earnings growth of about 17 percent to $2.90 per share. Thirty analysts project full-year earnings of $2.91 per share.
A123 Systems, Inc. (NASDAQ:AONE) shares climbed 12.10% to $1.02 in the early hour. The company posted first-quarter net loss of $125 million, or $0.87 per share, from $53.6 million, or $0.51 per share, a year ago. Revenue fell 40% to $10.9 million. The company's previous largest loss had been $85 million in the fourth quarter of 2011, when its revenue was $40.4 million. Looking forward, the company announced that due to the limitations with respect to manufacturing ramp, it anticipates revenue in fiscal 2012 will be below prior expectations and consistent with those communicated last week. It expects 2012 revenue in a range of $145 million to $175 million, down from its prior forecast of $230 million to $300 million
Agilent Technologies Inc. (NYSE:A) shares gained 5.96% to $41.22 in the morning hour after the company’s posted second quarter profit of $255 million, or$0.72 a share, up from $200 million, or $0.56 a share, in the same period a year earlier. Adjusted per-share earnings rose to $0.78. Net revenue improved 3.3% to $1.73 billion. In February, the company predicted adjusted earnings of $0.71to $0.73 a share on $1.7 billion to $1.72 billion in revenue. The company also announced that ADATA Technology has selected Agilent's Advanced Design System (ADS) software for developing memory modules for the high-speed digital market. Using ADS will help ADATA bring products to market faster and reduce costs.
Avon Products, Inc. (NYSE:AVP) shares declined 10.37% to $18.58 in the morning hour after Coty Inc. withdraws takeover bid for Avon Products. Avon's total lack of engagement with Coty leads Coty to believe that Avon remain reluctant to explore a friendly, negotiated combination on a reasonable timetable of two months. Consequently, as Coty's deadline to begin discussions expired today, Coty's proposal is withdrawn.
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