eBay Inc (NASDAQ:EBAY) turned in second quarter earnings of 51 cents including share-based compensation (SBC), which surpassed the Zacks Consensus by three cents. Earnings without SBC were 70 cents, notably better than the Street. An advantageous tax ruling in Korea had a $29 million positive affect on revenue, a two percent positive affect on earnings. eBay shares traded 8.57 percent higher today.
W.W. Grainger, Inc. (NYSE:GWW): SPX five day major winners are W. W. Grainger Inc., 17.62 percent; Amphenol Corp (NYSE:APH), 13.72 percent; and Sprint Nextel Corp (NYSE:S), 13.31 percent. SPX five day major losers are Lexmark International (NYSE:LXK), -23.96 percent; Dean Foods Company (NYSE:DF), -13.41 percent; and Safeway Inc. (NYSE:SWY), -8.29 percent. Shares of W.W. Grainger are trading 1.77 percent lower today.
Johnson Controls, Inc. (NYSE:JCI) reported Power Solutions sales amounting to $1.3 billion, Building Efficiency sales of $3.8 billion, Automotive Experience sales amounting to $5.5 billion, and North American automotive sales of $2.3 billion. Shares are trading 8.51 percent lower today.
Piedmont Natural Gas Company Inc. (NYSE:PNY) has begun the application process for its 2012 Environmental Stewardship and Energy Sustainability Competitive Grant Program, which bestows funds on nonprofit organizations and government or educational institutions working in the communities it services in Tennessee and the Carolinas. Consideration is granted to applications that encourage the greatest possible impact for the funds invested, according to Piedmont’s press release. Company shares are trading 0.19 percent higher today.
Alexandria Real Estate Equities Inc. (NYSE:ARE), the prime owner, operator and developer of high-quality, sustainable real estate and technical infrastructure for the extensive and varied life science industry, and Verenium Corporation, a major industrial biotechnical business focused on the development and commercialization of high-performance enzymes, today commemorate the grand opening for Verenium’s new office and laboratory building in the Torrey Pines region of San Diego, CA. Local government officials and business leaders will be in attendance. Shares of Alexandria Real Estate Equities are trading 0.08 percent lower today.
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