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Company News for May 06, 2016

Alibaba Group Holding Limited’s (BABA) shares increased 4% after announcing fiscal fourth quarter revenues of $3.75 billion, beating the Zacks Consensus Estimate of $3.58 billion
 

Shares of Kellogg Company (K) declined 2.6% after reporting first quarter revenues of $3.4 billion, missing the Zacks Consensus Estimate of $3.49 billion
 

Discovery Communications, Inc’s (DISCA) shares rose 4.3% after declaring first quarter adjusted earnings of $0.46 per share, outpacing the Zacks Consensus Estimate by 2 cents
 

Shares of Avon Products Inc. (AVP) fell 2.6% after the posting first quarter loss of $0.07 per share, contrary to the Zacks Consensus Estimate of earnings per share of $0.02


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