Quick Look Market Closing Price:
At the close: Dow -0.17% to 12584. S&P -0.45% to 1336. Nasdaq -0.43% to 2875.55.
Treasurys: 30-year +0.50%. 10-yr +0.14%. 5-yr +0.06%.
Commodities: Crude +0.02% to $85.81. Gold -0.24% to $1571.65.
Currencies: Euro -0.31% vs. dollar. Yen -0.56%. Pound +0.46%
After Hours News:
Acme Packet (APKT) +7.3% AH after announcing a $200M stock buyback plan, good for repurchasing 18.6% of outstanding shares as of today's close. Acme, which had over $400M in cash and investments as of March 31, has been clobbered by a string of warnings and guidance cuts, the most recent of which arrived last week.
AngioDynamics (ANGO): FQ4 EPS of $0.09 may not be comparable to consensus of $0.08. Revenue of $57.7M (-5.9% Y/Y) beats by $5M. Shares +2% AH
Two Harbors (TWO) announces a secondary offering of 35M shares. The company is the latest in a line of mortgage REITs taking advantage of a share price trading nicely above book value. Two Harbors latest reported book value (March 31) was $9.67 - today's close, $10.72. Shares -1.5% AH
Darden Restaurants (DRI) -1.4% AH after announcing the acquisition of restaurant chain Yard House for $585M in cash (after accounting for $30M in tax benefits). Darden predicts Yard House, which owns 39 restaurants in 13 states, will dilute its FY13 (ends May '13) EPS by $0.03-$0.05, and be accretive afterwards. Darden now plans only $50M worth of FY13 stock buybacks, down from a prior $200M-$250M
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