Albertsons (ACI) – The grocery store operator reported quarterly earnings of 66 cents per share, beating the 42 cents a share consensus estimate. Revenue also beat forecasts. Albertsons raised its full-year earnings forecast to $3.05 to $3.15 per share from the prior $2.75 to $2.85, compared to a consensus estimate of $2.78. The shares rose 4% in premarket trading as of 7:40 a.m. ET.
Steris (STE) – Steris will buy rival sterilization products maker Cantel Medical (CMD) for $3.6 billion in cash and stock, in a deal valuing Cantel at $84.66 per share. The deal is expected to close by the end of June.