11:45 AM New York – AutoZone net surged. Ascena Retail surged after profit climbed on higher sales. The merger between Applied Materials and Tokyo Electron will create the largest chipmaker with $29 billion in sales. Clovis plunged. Carnival net plunged 30%. Stryker agreed to acquire MAKO Surgical for $1.65 billion.
) rose $1.51 to $415.82 the retailer said total revenue in the fourth-quarter ending in August climbed 12% to $3.1 billion. Domestic same store sales in the quarter increased 1%.
Net income in the quarter surged 15% to $371.2 million or diluted earnings $10.42 per share compared to $323.7 million per share or $8.46 per share.
Ascena Retail Group, Inc.
) surged 15.2% or $2.64 to $19.95 after the specialty apparel retailer reported total revenue in the fourth-quarter ending on July 27 soared 27% to $1.20 billion. Total comparable sales in the quarter jumped 4%.
Net income in the quarter climbed to $29.8 million or diluted earnings 18 cents per share compared to $1.6 million per share or 1 cent per share.
The retailer expects adjusted earnings per diluted share from continuing operations for the fiscal 2014 is in the range of $1.25 to $1.30.
Applied Materials, Inc
) gained 1.8% or 31 cents to $17.75 after the semiconductor maker agreed to acquire Japan-based Tokyo Electron Limited in a deal valued $9.3 billion or $7 billion after adjusting for cash held.
The companies expect the transaction to close in mid to second half of 2014.
Clovis Oncology, Inc.
((CLVS plunged 13.5% or $9.94 to $63.58 after the biopharmaceutical company is looking to sell itself. The cancer treatment drugs developer also tapped Credit Suisse AG and J.P. Morgan to help to find the buyer.
) declined 5.1% or $1.76 to $32.78 after the cruise operator said total revenue in the third-quarter ending in August barely rose 1% to $4.73 billion. Net income in the quarter plunged 29.8% to $934 million or diluted earnings $1.20 per share compared to $1.33 billion per share or $1.71 per share.
For the year, the company expects non-GAAP diluted earnings per share between $1.51 and $1.57.
) dropped 2.6% or $1.83 to $69 after the medical technology agreed to acquire MAKO Surgical Corp. at a rate of $30 per share or in total consideration of $1.65 billion.