2:00 PM New York – Biomed agreed to be acquired by Blackstone Real Estate for $8 billion. Buckle comparable sales in September declined 6.7%. Cato comparable sales increased 2%. Cardiovascular Systems estimated wider net loss. Dell is in talk to buy EMC. Domino''s net soared 8%.
Tollbooth Index slipped 66.12 or 0.6% to 10,397.72.
Biomed Realty Trust Inc
) surged 8.7% or $1.88 to $23.46 after the real estate developer agreed to be acquired by Blackstone Real Estate Partners VIII for $23.75 per share in cash or $8 billion, a premium of 24% to the closing price of September 22 or 10% premium to closing price of October 7.
The transaction is expected to close in the first-quarter of 2016.
) plunged 6.2% or $2.39 to $35.89 after the casual apparel, footwear and accessories retailer said comparable store sales for the five-week period ending on October 3 declined 6.7%.
Net sales in September slumped 5.6% to $97.4 million from $103.1 million a year ago month.
) soared 5.1% or $1.80 to $37.26 after the women''s fashion retailer reported same-store sales for the five-weeks ending on October 4 increased 2%.
Total sales in September jumped 4% to $83.2 million from the same month of a year ago.
Cato lifted earnings per share forecast for the third-quarter in the range of 18 cents to 22 cents from earlier estimated range of 12 cents to 16 cents per share.
Cardiovascular Systems Inc
) tumbled 19.7% or $3.28 to $13.35 after the medical technology developer forecasted revenues in the first-quarter ending in September soared 11% from a year ago to $43.9 million.
The company estimated net loss in the quarter between $13.1 million and $13.9 million and diluted loss per share in the range of 41 cents to 43 cents from net loss of $8.2 million and a loss of 26 cents in the same quarter last year.
, the computer maker is in talks to acquire EMC Corp without disclosing financial terms.
EMC Corporation, the data storage company stock jumped 4.9% to $27.24.
Domino''s Pizza, Inc
) declined 4.4% or $4.76 to $103.27 after the pizza retail chain reported revenues in the third-quarter ending in September jumped 8.5% from a year ago to $484.7 million.
Domestic same store sales in the quarter surged 10.5% and international division same store sales advanced 7.7%.
Net income in the quarter soared 7.8% to $37.8 million or 67 cents per diluted share compared to $35.6 million or 63 cents from the same quarter last year.
Gannett Co Inc
) increased 2.1% or 32 cents to $15.26 after the media and marketing company agreed to acquire rival Journal Media Group for $12 per share or about $280 million in cash, representing a premium of 44.6% to the closing price on October 7.
The transaction is expected to close in the first quarter of 2016.
Journal Media Group Inc stock surged 43.3% to $11.89.
International Speedway Corp
) soared 5.2% or $1.74 to $35.38 after the professional sports venues organizer said revenues in the third-quarter ending in August dropped 3.5% from a year ago to $125.5 million.
Net in the quarter swung to a loss of $3.9 million or 8 cents per diluted share compared to profit of $0.2 million or break even from the same quarter last year.
The company lifted revenues forecast for the year between $635 million to $640 million and diluted earnings per share in the range of $1.35 to $1.40.
L Brands, Inc
) gained 1.1% or $1.02 to $95.72 after the specialty retail said comparable store sales for the five-weeks ending on October 4 soared 9%.
Net sales in September jumped 8% to $919.9 million from $853.5 million a year ago month.
Stein Mart, Inc
) slipped 1.5% or 13 cents to $8.72 after the apparel and accessories retailer reported comparable store sales in September for the five-weeks ending on October 4 dropped 2.8%.
Total monthly sales decreased 1.8% to $117.3 million from $119.4 million in the same month a year ago.
) soared 8.9% or $1.52 to $18.48 after the multi-channel specialty retailer said comparable store sales for the five-weeks ending on October 4 fell 1.8%.
Net sales in September rose 1.5% to $67.3 million from $66.3 million a year ago month.