Most Active Stocks: UPS, H&R Block, Regeneron, Carter’s, Nuance April 26th
United Parcel Service, Inc. (NYSE:UPS): The company said, UPS delivered earnings growth in line with our expectations, driven by the results of the U.S. Domestic and Supply Chain and Freight segments. Our performance reflects the strength of our global portfolio and the adaptability of the UPS operating model. Therefore, we remain confident in our previous guidance for 2012 diluted earnings per share of $4.75 to $5.00, an increase of 9%-to-15% over 2011 adjusted results. Shares of United Parcel Service, Inc. are trading 3.62% lower today.
H&R Block, Inc. (NYSE:HRB): H&R Block overall option implied volatility of 26 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement into the stock selling off following the company’s lower than expected FY12 EPS guidance. Shares of H&R Block, Inc. are trading 12.6% lower today.
Regeneron Pharmaceuticals Inc (NASDAQ:REGN): Reported Q1 revenue $231.8M versus consensus $173.08M. Shares of Regeneron Pharmaceuticals Inc are trading 11.23% higher today.
Carter’s, Inc. (NYSE:CRI): Reported Q1 Oshkosh B’gosh brand up 5.7% to $78.3M. Reported Q1 net international sales to customers outside U.S. $46.7M. Shares of Carter’s, Inc. are trading 5.5% higher today.
Nuance Communications Inc. (NASDAQ:NUAN): Nuance announced the successful completion of the cash tender offer by its wholly owned subsidiary, Townsend Merger Corporation, for all outstanding shares of Transcend Services (NASDAQ:TRCR). A total of 10,444,598 shares of common stock of Transcend,approximately 95.58% of the issued and outstanding shares, were tendered into and not withdrawn from the tender offer. Townsend Merger Corporation does not intend to offer a subsequent offering period. Upon the closing of the short-form merger, Nuance will acquire all of the remaining shares of Transcend for $29.50 per share in cash without interest and less any required holding taxes. After the completion of the merger, Transcend will be a wholly owned subsidiary of Nuance and shares of Transcend common stock will no longer be listed on the NASDAQ Stock Market. Shares of Nuance Communications Inc. are trading 9.43% higher today.
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