Aug 20, 2013

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Most Active Runners: Lexmark International Inc. (NYSE:LXK) and Best Buy Co. (NYSE:BBY)

Most Active Runners: Lexmark International Inc. (NYSE:LXK) and Best Buy Co. (NYSE:BBY)

Lexmark International Inc. (NYSE:LXK) decided to purchase Germany-based software firm Saperion AG in a bid of almost $72 million, a plan the printer firm predicts would support its growth along with its software and solutions capabilities.

The agreement, predicted to end in the present quarter, needs regulatory acceptances. Lexmark shares ended on Monday at $39.66 and were inactive during Tuesday’s premarket session. The stock was higher 71% this year.

Best Buy Co (NYSE:BBY) reported that its fiscal second-quarter earnings climbed up, as cost-lowering at the biggest consumer electronics retailer in the US assisted its persistent turnaround efforts.

Shares jumped up 12% premarket, to $34.50, which would be a 2 1/2-year high, following the firm shocked with a hike in earnings from a year ago, while experts were hoping for a drop. As of Monday’s ending, the stock had previously more than doubled since the beginning of the year.

For the quarter concluded on Aug. 3, Best Buy declared a profit of $266 million, or 77 cents per share, higher as compared to $12 million, or four cents per share, a year ago. Its core profit, omitting restructuring costs, certain write-downs and other items, jumped up to 32 cents per share, as compared to 26 cents a year earlier.

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