Pep Boys (PBY Quote) rose after the car parts and service chain reported second-quarter earnings from continuing operations of $1.5 million, or 3 cents a share, compared with $832,000, or 1 cent a share, a year ago. Revenue rose slightly to $578.6 million. Analysts were looking for earnings of 2 cents a share on revenue of $580.8 million. Shares rose 68 cents, or 6.9%, to $10.49.
Bioenvision (BIVN Quote) surged after Prudential initiated coverage of the biopharmaceutical company with an overweight rating. Shares gained 54 cents, or 12.3%, to $4.92.
ABM Industries (ABM Quote) rose after the company settled its World Trade Center-related litigation with Zurich American Insurance for $80 million. ABM, which provides janitorial, parking and security services, will receive a payment that will increase its fourth-quarter net income by about $45 million, or 90 cents a share. ABM gained 91 cents, or 5.4%, to $17.87.
Analyst actions were also moving some stocks including, Universal Stainless & Alloy Products (USAP Quote), recently up more than 7% following an upgrade by CL King, and Meridian Bioscience (VIVO Quote), higher by 4.5% following an upgrade by Hilliard Lyons. ...Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
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