Tuesday’s biggest gaining and declining stocks

Shawshank, VA 5/15/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks in U.S. market trading on Tuesday:

Gainers

Amylin Pharmaceuticals Inc. (Nasdaq: AMLN +4.85%) shares tacked on 5%. The company said in a filing late Monday that one of its directors had bought 18,000 shares of the firm’s stock.

Dick’s Sporting Goods (NYSE: DKS +6.33%) rose 8% after reporting a 53% jump in profit that breezed past Wall Street expectations.

Groupon Inc. (Nasdaq: GRPN +15.89%) shares jumped 19% after the company reported better-than-expected revenue for its first quarter on Monday, along with a strong forecast.

Decliners

Shares of Avon Products Inc. (NYSE: AVP -10.54%) fell 12% after Coty Inc. pulled its more than $10 billion bid for the beauty-products firm. In a letter to Avon’s board, Coty said that it had wanted to do a friendly deal, but “your total lack of engagement with us leads us to believe that you remain reluctant to explore a friendly, negotiated, combination on a reasonable timetable.”

Home Depot (NYSE: HD -2.07%) was off about 5% after its quarterly sales missed expectations and its outlook also came in slightly short.

Summer Infant Inc. (Nasdaq: SUMR -25.36%) shares retreated by 26%. The company reported flat quarterly profit and declining margins on Monday afternoon.

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Monday’s top gaining and declining stocks

Orlando, FL 5/14/12 (StreetBeat) -- The following stocks were on the move in the U.S. premarket:

Gainers

Avon Products Inc. (NYSE: AVP +5.10%) shares rose 6% on Monday. The company said its board will consider Coty Inc.’s revised acquisition bid. The board, working in conjunction with management and financial and legal advisers, expects to render a decision “within a week,” Avon said Sunday.

Chesapeake Energy Corp. (NYSE: CHK +5.67%) shares rallied more than 9% as the most actively traded stock ahead of Wall Street’s opening bell. The Wall Street Journal reported that activist investor Carl Icahn is looking to buy a significant stake in the embattled company, citing people familiar with the matter.

Ventrus Biosciences Inc. (Nasdaq: VTUS +18.98%) shares jumped nearly 10%. The company said Phase III trials of its Diltiazem drug showed significant improvements over placebos.

Decliners

Shares of Simon Property Group Inc. (NYSE: SPG -0.46%) fell 6%.

InterOil Corp. shares (NYSE: IOC -17.74%) fell 5% in preopen trading. Dow Jones Newswires reported on Monday that a Papua New Guinea joint venture it is heading will be cancelled by the government after delays and design changes.

Baytex Energy Corp. (NYSE: BTE -3.46%) shares fell 6.3%. The pullback came in the wake of a company announcement that Tony Marino was leaving as chief executive. Analysts at TD Bank said the news came as a surprise and was unexpected.

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Avon (NYSE: AVP) rejects $10 billion takeover bid from Coty

Tallahassee, FL 4/2/12 (StreetBeat) -- Beauty company Coty Inc said on Monday it offered to buy Avon Products Inc (NYSE: AVP) for $10 billion, but the bid was rejected by the cosmetics direct seller, which is grappling with sliding sales in key markets and a bribery probe.

Coty, whose products include fragrances for celebrities including Beyonce and Lady Gaga, said it had no plans to make a hostile bid but had been "unsuccessful" in getting Avon to talk about a deal.

Coty, a fast growing privately held company majority-owned by Joh. A Benckiser, is offering $23.25 per share, a 20 percent premium over Avon's Friday closing price of $19.36 on the New York Stock Exchange.

Shares of Avon rose 19.3 percent to $23.10 in premarket trading.

Avon, in a statement on Monday, rejected the offer, saying it "substantially undervalues" the company.

Avon is searching for a new CEO to replace Andrea Jung, who has held the reins since 1999. Avon has said the new CEO will undertake a top-to-bottom review of the struggling company, which is also dealing with a probe into whether it broke U.S. anti-bribery laws in China.

Avon said that having a new CEO will create a "greater opportunity" to increase the company's value beyond what Coty is offering.

The company is facing a long decline in sales and the number of sales representatives in the United States. During the holiday period, sales in key emerging markets like Brazil and Russia fell.

Coty said it originally offered $22.25 per share in early March but failed to entice Avon into talks. It said it went public with its latest offer after sending three letters to Jung but failing to draw Avon into discussions.

"We do not understand how your Board's unwillingness to discuss our proposal can serve the best interests of Avon's shareholders," Coty Chairman Bart Becht said in letter to be delivered to Jung on Monday.

Coty said it would be willing to raise its offer if Avon can show there is greater value in the company by opening its books. Coty said it is confident it can line up the necessary financing to pull off the deal. Avon's annual sales are three times greater than those of Coty.

Shares of Avon, which is cutting jobs, plunged nearly 50 percent over the last year and a half. The company is worth only about $8 billion today, down from an all-time peak of $21.8 billion in June 2004.

Coty said it would call the new company "Avon-Coty." It also said Avon's door-to-door direct sales model would help Coty's beauty brands.

Coty got 57 percent of its $4.1 billion in sales in fiscal 2011 from perfumes, and revenue is still heavily skewed toward the United States and Europe. The company praised Avon's presence in emerging markets, but Avon has seen its position in Eastern Europe and Brazil threatened by competitors.

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Some LargeCap Stocks to Keep an Eye on Today

Packaged food company Sara Lee said second-quarter net income rose 137% to $880 million, or $1.37 a share, from $371 million, or 53 cents a share, a year earlier. Adjusted earnings per share from continuing operations were 24 cents in second quarter. Net sales fell 0.4% to $2.35 billion from $2.36 billion a year earlier. Sara Lee shares fell 0.2% to $16.88 in premarket trading Tuesday. On average, analysts were expecting earnings of 25 cents a share on revenue of $2.63 billion.

Homebuilder Beazer Homes swung to a fiscal first-quarter loss as home closings fell 43.6% and new orders fell 23.9%. Shares of the company fell 4.4% to $5.21.

Utilities company Entergy reported that fourth-quarter earnings fell 27% to $228.3 million, or $1.26 a share, from $313.8 million, or $1.64 a share, a year earlier. On an operational basis, Entergy's fourth-quarter earnings were $1.30 a share. Total revenue rose 1% to $2.53 billion, from $2.50 billion a year earlier. On average, analysts were expecting earnings of $1.24 a share on revenue of $2.68 billion. Entergy fell 1.3% to $72.93 on Monday.

Beauty products maker Avon Products said its fourth-quarter income from continuing operations fell 18% to $220 million, or 50 cents a share, from $268 million, or 62 cents a share, a year ago. Adjusted income from continuing operations was 59 cents a share. Net sales rose 1% to $3.14 billion from $3.1 billion the year before. The Wall Street consensus called for earnings of 67 cents as share on sales of $3.28 billion. The stock fell 4.4% to $28.06 during premarket trading Tuesday.

NYSE Euronext said fourth-quarter net income fell 22% to $135 million, or 51 cents a share, from $172 million, or 66 cents a share, a year earlier. Excluding items, earnings in the latest quarter were 46 cents a share. Net revenue fell 4% to $613 million from $640 million. Analysts, on average, were calling for earnings of 43 cents a share on revenue of $612 million. The stock fell 2.2% to $33.01 during premarket trading Tuesday.

UBS, the Swiss bank, posted its first annual profit since 2006 after fourth-quarter earnings rose. The stock was gaining 2.2% to $18.80 in premarket trading Tuesday.

Toyota said quarterly earnings fell 39% but the world' No. 1 automaker raised its full-year revenue and profit forecasts. The stock rose 2.2% to $87 in early trading.

Kindred Healthcare will acquire RehabCare for about $900 million. Kindred shares surged 16.1% to $22.61 in premarket trading. Premarket quotes weren't available for RehabCare. Shares rose 1.1% to $25.47 at the closing bell Monday.

ArcelorMittal posted a fourth-quarter loss, but foresees a better 2011. Shares of the steelmaker popped 4.8% to $38.53 in premarket trading.

Discount retailer Big Lots is exploring a possible sale after receiving interest from buyout firms, Bloomberg reports, citing two people with knowledge of the situation. Big Lots fell 1.1% to $38.77.

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