12:25 PM New York – Escalade completed the sale of print finishing business. International Speedway net dropped 4%. Lululemon rose on talks of going private. Synnex net climbed 28% on 33% increase of revenue.
) gained 1.2% or 19 cents to $16.23 after the sporting goods and printing goods maker completed the sale of its print finishing business, including the Martin Yale product line to a third party. The sale was completed on June 30.
International Speedway Corporation
) increased 2.3% or 79 cents to $34.35 after the motor-sports entertainment provider reported revenue in the second-quarter ending in May jumped 6.8% to $190.3 million.
Net income in the quarter dropped 4% to $21.5 million or 46 cents a diluted share compared to $22.4 million or 48 cents.
Lululemon Athletica Inc
) jumped 2.4% or $1 to $42.40 after the athletic apparel and accessories maker is in talk with private-equity firms including Leonard Green & Partners. The news was first reported by Wall Street Journal.
At the annual meeting held in June, Dennis Wilson the founder expressed his unhappiness with the direction the company.
) plunged 6.1% or $4.50 to $69.43 after the business process services provider said revenue in the second-quarter ending in May soared 33.3% to $3.45 billion.
Net income in the quarter climbed 28.5% to $39.6 million or $1.01 a diluted share compared to $30.8 million or 81 cents from a year ago.
Tyson Foods, Inc.
) slipped 1.5% or 58 cents to $38.38 after the meat processor agreed to acquire its peer Hillshire Brands Co. for $63 per share in an all-cash deal valued at about $8.55 billion, including debt.