Lululemon Athletica Inc. (NASDAQ:LULU) shares took a hard hit before the bell, after the yoga wear retailer posted an upbeat first quarter revenues and profit of $0.34 per share, beating the estimates of $0.32. However, the apparel brand lost it in terms of coming in line for its comparable store sales and full-year outlook. Lululemon Athletica Inc. (NASDAQ:LULU) has now projected revenue estimates of $1.77 billion to $1.8 billion for the full year, as against the earlier estimates for $1.77 billion to $1.82 billion.
In its new move to appease advertisers, Facebook Inc (NASDAQ:FB) announced to expand the range of information that advertisers cannot access in order to target users. The social giant will now add external website and mobile app data to be accessed by its advertisers in order to help them deliver relevant ads to the Facebook Inc (NASDAQ:FB) users.
DDR Corp (NYSE:DDR) is joining hands with a unit of Blackstone in order to acquire 76 shopping centers from American Realty Capital for a total consideration worth $2 billion.
Johnson & Johnson (NYSE:JNJ) is partnering with a GlaxoSmithKline unit, ViiV Healthcare, to formulate a new AIDS drug that will combine the two drugs into one pill.
In a positive development, Hewlett-Packard Company (NYSE:HPQ)’s stock got re-rated from “Sell” to “Neutral” by Goldman Sachs. The company re-rated the stock after successful execution of plans by Hewlett-Packard Company (NYSE:HPQ)’s management.
Lands’ End, Inc. (NASDAQ:LE), which has recently spun off from Sears Holdings, has posted a first quarter profit of $0.34 per share coupled with higher revenues, in comparison to its previous year.
Geron Corporation (NASDAQ:GERN) finds big relief from the FDA’s lift of the hold on its study involving the blood cancer treatment drug, Imetelstat. In March, the FDA had placed a hold on the study amid fears that its drug might cause liver damage.
Sanofi SA (ADR) (NYSE:SNY) and Regeneron Pharmaceuticals Inc (NASDAQ:REGN) posted positive results from their phase 3 trial of a new treatment aimed for rheumatoid arthritis.
Restoration Hardware Holdings Inc (NYSE:RH) posted first quarter earnings of $0.18 per share, which is higher than the market consensus of $0.11 per share. The company reported revenues above the market expectations as well as the current quarter guidance. In addition to this, the retailer of home goods said that it is outpacing the industry in general, by a substantial margin.
Amazon.com, Inc. (NASDAQ:AMZN) is launching a streaming music service that its members under $99 per year Amazon Prime program will get for free.
Intel Corporation (NASDAQ:INTC) lost $1.44 billion by paying a fine in Europe in its legal battle against rival Advanced Micro Devices.
Twitter Inc (NYSE:TWTR) went through a management reshuffling ad its COO, Ali Rowghani has resigned from his position.
Goldman Sachs Group Inc (NYSE:GS) will have to cough out as much as $67 million to resolve a suit alleging collusion among private equity firms. The suit had alleged the role of PE firms, who mutually agree to not to outbid in buyouts.
Infosys Ltd ADR (NYSE:INFY) had named Vishal Sikka as its new chief executive officer, who is a former SAP executive. Moreover, the executive chairman, Narayana Murthy will step down.
Tibco Software Inc. (NASDAQ:TIBX) has responded to a letter from its shareholder, Praesidium Investment management, stating that the company is keen to unlock value and welcomes constructive input.