11:40 AM New York – Ascena Retail Group third quarter net slumped 7.2% to $49.4 million. CGI Group agreed to acquire UK based Logica for £1.7 billion. Gaylord Entertainment agreed to sell its hotels brand to Marriott. SAIC first quarter net declined 11% to $117 million.

Ascena Retail Group, Inc. (ASNA) fell 4 cents to $18.89 after the specialty retailer reported net revenues in the third quarter ending on April 28 increased 8% to $783.3 million compared to $722.8 million in the same period last year. Comparable store sales increase of 5%.

Net income in the quarter slumped 7.2% to $49.4 million or 31 cents per diluted share compared to $51.8 million or 32 cents per share a year ago earlier.

CGI Group Inc. (GIB) decreased 3.1% or 74 cents to $22.47 after the IT consulting service provider said it will acquire UK based Logica a business and IT service provider at a transaction premium of 59.8% or in a cash acquisition of 105 pence per share to a total purchase price of £1.7 billion plus its net debt of £322 million as of last December. The acquisition will completed by the end of this September.

Esterline Technologies Corporation (ESL) fell 2 cents to $64.57 after the engineered products maker reported net sales in the second quarter ending on April 27 soared 16% to $504.8 million compared to $435.3 million in the same period last year. Net earnings in the quarter fell 1.5% to $45.2 million or $1.44 per diluted share compared to $45.9 million or $1.47 per share a year ago earlier.

Gaylord Entertainment Company (GET) slipped 3% or $1.14 to $36.81 after the hospitality company agreed to sell its Gaylord Hotels brand and the rights to Marriott International, Inc. (MAR) in cash for $210 million and will reorganize to be as a real estate investment trust with effect from January 2013.

OmniVision Technologies, Inc. (OVTI) declined 12.5% or $2.03 to $14.15 after the image-sensor devices maker reported revenues in the fourth quarter ending in April slumped 15% to $218.5 million compared to $258.3 million in the same period last year. Net income in the quarter tumbled 92% to $2.7 million or 5 cents per diluted share compared to $34.0 million or 56 cents per share a year ago period.

For the year ended 2012 revenues decreased 6% to $897.7 million compared to $956.5 million in last year. Net income in the year plunged 47% to $65.8 million or $1.13 per diluted share compared to $124.5 million or $2.11 per share a year ago earlier.

SAIC, Inc. (SAI) shrank 1.6% or 18 cents to $10.93 after the holding company reported net sales in the first quarter ending in April rose 3% to $2.78 billion compared to $2.69 billion in the same period last year. Net earnings in the quarter declined 11% to $117 million or 35 cents per diluted share compared to $131 million or 36 cents per share a year ago quarter.

The company expects fiscal year 2013 revenues between of $10.7 billion and $11.2 billion and earnings per share from continuing operations in the range of $1.26 to $1.36.

Thermon Group Holdings, Inc (THR) slumped 6.1% or 45 cents to $6.90 after the thermal solution provider reported revenues in the fourth quarter ending in March soared 71% to $69.0 million compared to $59.8 million in the same period last year. Net income in the quarter swung to $6.2 million or 20 cents per diluted share compared to net loss of $4.0 million or 16 cents per share a year ago earlier.

For the year ended 2012 revenues were nearly flat to $270.5 million compared to $238.8 million in last year. Net income in the year swung to $12.0 million or 40 cents per diluted share compared to net loss of $15.2 million or 50 cents per share a year ago.

Vera Bradley, Inc. (VRA) declined 5.5% or $1.21 to $20.66 after the apparel retailer reported net revenues in the first quarter ending on April 28 grew 15.6% to $117.2 million compared to $101.4 million in the same period last year. Comparable store sales increase of 4.3%

Net income in the quarter increased to $12.6 million or 31 cents per diluted share compared to $11.2 million or 28 cents per share a year ago earlier.

For the second quarter of fiscal 2013 the retailer expects net revenues to be between $121 million and $123 million and earnings per share to be in a range of $0.34 to $0.36. Revenues expects for year to be in the range of $535 million to $540 million and earnings per share to be between $1.68 and $1.71.