Federal Signal (NYSE:FSS) is reducing its debt of $235 million as at end March by hiving off its FSTech business unit, a manufacturer of equipment and software for electronic tolling, parking and access control and law enforcement, to 3M for cash consideration of $110 million. The shares closed at $5.63, up $0.89, or 18.78 percent. They have traded in a 52-week range of $3.50 to $6.79.
Rite Aid Corporation (NYSE:RAD): Same store sales for the company’s Q1 rose 2.5 percent compared to last year comprising a 2.7 percent improvement in front end sales and a 2.4 percent increase in pharmacy sales. New generic drug introductions affected pharmacy sales negatively by an estimated 326 basis points, though prescriptions filled jumped 3 percent over the prior period in part due to the beneficial fallout of the Walgreens/Express Scripts dispute. The shares closed at $1.25, up $0.08, or 6.84 percent. They have traded in a 52-week range of $0.85 to $2.12.
A Closer Look: Rite Aid Earnings Cheat Sheet>>
Gannett Co., Inc. (NYSE:GCI) may be talking up its stock, hammered down nearly 13 percent over the last three months. At an analyst meet the company affirmed its financial projections and said plans for the revival of the publishing business were progressing smoothly. The shares closed at $13.47, up $0.42, or 3.22 percent. They have traded in a 52-week range of $8.28 to $16.26.
LDK Solar Co. Inc. (NYSE:LDK): The shares closed at $2.29, up $0.1, or 4.57 percent. They have traded in a 52-week range of $1.54 to $7.52.
US Airways Group, Inc. (NYSE:LCC): The shares closed at $13.47, up $0.44, or 3.38 percent. They have traded in a 52-week range of $3.96 to $13.36.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.