American Eagle Outfitters(NYSE:AEO) decreased 1.80% to $18.54.BMO Capital Markets lowered the rating on the stock from outperform to market perform rating in a research report. The firm currently has $20.00 price target on the stock.The Company is a specialty retailer that operates in the United States and Canada.
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eMagin Corporation(AMEX:EMAN) increased 1.29% to $3.14.The Company has signed a contract extension with Sagemfor the exclusive supply of OLED Microdisplays for FELIN. The original agreement, signed in 2006 was for supply of OLED microdisplays for the helmet-mounted display, weapon sights and target designator used in the FELIN system.
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Aruba Networks Inc (NASDAQ:ARUN) declined 1.95% to $19.04.The Company announced third quarter results. The loss was $826,000 or a penny per sharecompared to loss of $467,000 or less than a penny per share in the prior year period. Revenue increased 21% to $144.5 million. Gross margin was 70.8% from 69.3%. Product revenue increased 18% to $119.2 million.
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Knight Capital Group Inc (NYSE:KCG) went up 0.42% to $2.37.The Company told customers they could resume sending orders after resolving an electrical outage that shut down its equities trading yesterday. A failure of backup power at its headquarters in Jersey Citymade the company to stop accepting new orders.The Company is a global financial services firm that provides access to the capital markets across multiple asset classes to a network of clients.
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The Gap Inc (NYSE:GPS) surged up 1.26% to $33.68 after the Company released third quarter results. The profit was $308 million or 63 cents per share compared to $193 million or 38 cents per share in the prior year period. Gross margin was 41.2% versus36.7% as input costs remained steady. The operating expenses increased 11%. The net sales for the quarter increased 8%to $3.86 billion. Same-store sales soared 6%. The same-store sales improved 7%at Gap North America, while they were up 6% at Banana Republic North America.
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