Company News for April 17, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Shares of Dreams Inc. (NYSEAMEX: DRJ ) rose 30.3% after the retailer agreed to be purchased by privately owned online sports merchandiser Fanatics Inc. for $3.45 a share

•    Shares of Endocyte Inc. (NASDAQ: ECYT ) jumped 100.5% after Merck & Co. (NYSE: MRK ) struck a deal worth up to $1 billion to develop an experimental cancer drug and announced that it would pay $120 million upfront to Endocyte with additional payouts of up to $880 million

•    Mattel Inc. (NASDAQ: MAT ) lost 9.1% after reporting first quarter earnings per share of $0.06, missing the Zacks Consensus Estimate of $0.07 by a penny

•    Gannett Co. (NYSE: GCI ) fell 7.6% a day after the media firm released its earnings, even though quarterly earnings per share of $0.34 surpassed the Zacks Consensus Estimate of $0.31

DREAMS INC ( DRJ ): Free Stock Analysis Report
ENDOCYTE INC ( ECYT ): Free Stock Analysis Report
GANNETT INC ( GCI ): Free Stock Analysis Report
MATTEL INC ( MAT ): Free Stock Analysis Report
MERCK & CO INC ( MRK ): Free Stock Analysis Report
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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: DRJ , ECYT , GCI , MAT , MRK

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