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October 11, 2013  Fri 7:28 AM CT

INFY: SEE CHART GET CHAIN FIND STRATEGIES
Earnings, Revenue Beat Estimates

Infosys earned $0.73 a share in its second quarter on revenue of $2.07 billion. Analysts had only expected $0.70 and $2.01 billion, respectively. INFY climbs 5 percent before the opening bell on my tradeMONSTER platform.

Osiris Sells Unit for Up to $100 Million

Osiris Therapeutics announced it would sell its culture-expanded mesenchymal stem cell business to Australia's Mesoblast for an initial payment of $50 million. That amount doubles if certain milestones are reached, and there will also be royalty payments in the low double digits on eventual product sales. OSIR rallies 14 percent in the pre-market..

Gap Drops on Weak Monthly Sales

Gap reported yesterday afternoon that sales at stores open at least a year fell 3 percent in September. Analysts were expecting a 1.6 percent gain, and now the shares are taking a hit! GPS drops almost 5 percent in early trading.
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The India-based technology-outsourcing company fell yesterday but is up some 14 percent in the last three months and at its highest levels since April 2011.

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