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Company News for May 12, 2017
• Shares of Straight Path Communications Inc declined 20.4% after the company agreed to sell itself to Verizon Communications Inc. (VZ - Free Report)
• Whole Foods Market, Inc.’s shares advanced 2.2% after the company reported second-quarter 2017 revenues of $3,737 million, beating the Zacks Consensus Estimate of $3,725 million
• Shares of Valeant Pharmaceuticals International, Inc. advanced 8.8% following news of positive developments in a patent litigation case over the company’s biggest drug, Xifaxan
• Symantec Corporation’s shares fell 5.1% after the company reported fourth-quarter 2017 revenues of $1.115 billion, missing the Zacks Consensus Estimate of $1.165 billion