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Corporate Summary

•    FactSet Research Systems Inc. (NYSE:FDS) reported first quarter earnings per share of $1.22, slightly lower than the Zacks Consensus Estimate of $1.24

•    Sanderson Farms, Inc. (NASDAQ:SAFM) posted fourth quarter earnings per share of $1.97, considerably lower than the Zacks Consensus Estimate of $2.34

•    Shares of KKR Financial Holdings LLC (NYSE:KFN) rose nearly 30.6% after KKR & Co. L.P. (NYSE:KKR) revealed that it was on course to purchase the company for $2.6 billion.

•    AT&T Inc. (NYSE:T) it disclosed it was selling its Connecticut wireline operations to Frontier Communications Corp (NASDAQ:FTR) for $2 billion in cash. This development led to an 8.6% rise in shares of Frontier Communications Corp.

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