market update

Shares of Dollar Thrifty Automotive Group (NYSE: DTG) dropped about 0.5% after the company lifted the low end of the range of its Q1 profit forecast. It now expects profit of $1.30 to $1.40 per share, versus its earlier forecast of $1.15 to $1.40 per share. However, analysts were projecting...

Shares of SRS Labs Inc (NASDAQ: SRSL) surged about 34% after DTS Inc (NASDAQ: DTSI) announced its plans to buy SRS Labs in a cash-and-stock deal valued at around $148 million. The offer price values SRS at $9.50 per share, representing a 38.5% premium to SRS Labs' closing price on Monday. Shares...

Shares of Rex Energy Corp (NASDAQ: REXX) gained about 1.6% after the company reported a jump in its first-quarter production volumes. Rex Energy's Q1 daily production rate surged 120% to average 60.7 million cubic feet equivalent per day. It projects to record Q1 charges of around $0.6 million....

Shares of Tractor Supply Corp (NASDAQ: TSCO) gained about 6.2% after the company issued upbeat earnings forecast for the first quarter. It projects to report Q1 earnings of $0.53 to $0.55 per share, versus analysts' estimates of $0.32 per share. Tractor Supply lifted its 2012 profit forecast to $3....

Shares of Tractor Supply Corp (NASDAQ: TSCO) gained about 2.5% after the company issued upbeat earnings forecast for the first quarter. It projects to report Q1 earnings of $0.53 to $0.55 per share, versus analysts' estimates of $0.32 per share. Tractor Supply lifted its 2012 profit forecast to $3....

Shares of X-Rite Inc (NASDAQ: XRIT) surged about 38.7% after Danaher Corp (NYSE: DHR) announced its plans to buy X-Rite for $467.8 million. Danaher will offer $5.55 per share to buy X-Rite, represting a 39% premium to the stock's last closing price. Shares of Sony Corp (NYSE: SNE) fell about 7.8...

Shares of United Microelectronics Corp (NYSE: UMC) rose about 0.6% after the company reported a 14.6% y/y drop in its March sales. UMC's said on its website it posted sales of T$8.19 billion ($277.63 million) in March, down from T$9.58 billion in the year-ago period and versus T$7.52 billion in the...

Shares of Walgreen Co (NYSE: WAG) dropped about 0.8% after the company reported a 1.2% rise in its March same-store sales. Walgreen's total sales for March dropped 4.3% y/y to$6.02 billion. Its pharmacy sales declined 8.4%, while same-store pharmacy sales fell 11.1%. TCP Capital Corp (NASDAQ: TCPC...

Shares of Sigma-Aldrich Corp (NASDAQ: SIAL) dropped about 0.5% after the company reported that it has acquired biomedical supplier Research Organics Inc. The terms of the deal were not undisclosed. Shares of Comverse Technology Inc (NASDAQ: CMVT) fell about 4.4% after the company reported a...

Shares of Derma Sciences Inc (NASDAQ: DSCI) dropped about 2% after the company announced its plans to acquire MedEfficiency Inc, manufacturer of the TCC-EZ™ Total Contact Cast system, for $14.5 million in cash. Shares of Tompkins Financial Corporation (NYSE: TMP) dropped about 1.3% after the...