Morning Movers 10/28: Apria (AHG) Higher on Expected Merger Closing, PAREXEL (PRXL) Sinks On Guidance Oct 28, 2008 09:39AM

StreetInsider.com Morning Movers

Apria Healthcare Group Inc. (NYSE: AHG) 44% HIGHER; merger with an affiliate of The Blackstone Group (NYSE: BX) is scheduled to close later today.

PAREXEL (Nasdaq: PRXL) 28% LOWER; reports Q1 EPS of $0.23, 1 cent better than the analyst estimate of $0.22. Revenue for the quarter was $263 million, versus the consensus of $274.38 million. Sees Q2 EPS of $0.18-$0.20, versus the consensus of $0.27 and revs of $265-$275 million, versus the consensus of $306.7 million. Raises FY09 EPS from $1.09-$1.17 to $1.07-$1.13, versus the Street of $1.14 and revs move from $1.22-$1.25 billion to $1.1-$1.13 billion, versus the consensus of $1.23 billion.

Discover Financial Services (NYSE: DFS) 13% HIGHER; reached a $2.75 bilion agreement with Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) in the settlement of a lawsuit seeking damages for practices that suppressed third-party issuing on the Discover Network and the acceptance of ...


S&P Announces Changes to US Indices (RGA for AHG, CRI for CAPA, HOMB for VITL) Oct 27, 2008 05:23PM

Apria Healthcare Group Inc. (NYSE: AHG) will be removed from the S&P MidCap 400 after the close of trading on Tuesday, October 28. Apria Healthcare is being acquired for cash by an affiliate of The Blackstone Group ...