This morning, Wells Fargo upgraded shares of Prudential Financial (PRU) from Market Perform to Outperform as the firm believe the insurer has positioned itself better than its peers through the credit crisis. Analysts at the firm see a better capitalized company with more financial flex...
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Medtronic (MDT) posted a 59 percent increase in second quarter profits Tuesday on strong demand for its medical devices and lower costs. Profits totaled $868 million, or 78 cents per share, as compared to $547 million, or 48 cents per share, in the same quarter last year.
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Lloyds Banking Group (LYG) priced a 13.5 billion pound share offering Tuesday, 60 percent lower than its Monday closing price of 91 pence per share. It will sell 36.5 billion new shares at 37 pence each, doubling the total float.
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Merck announced a $3 billion share buy back today. The company said buyback will go to its treasury, and the purchase will be made in the open market as well as in private deals.
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Two top bookstore chains posted earnings today, and neither reported a happy ending to the quarter. Barnes & Noble said it lost $24 million in its fiscal second quarter, totaling 43 cents per share, as compared to a narrower loss of $16 million, or 34 cents per share.
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The US economy did not grow as quickly as initially reported in the third quarter, the Commerce Department said today. Revised gross domestic product data showed GDP grew at a 2.8 percent annual rate in the third quarter.
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This morning, Barnes & Noble (BKS) declared its quarterly dividend of twenty five cents per share, maintaining the amount paid last quarter. With the dividend, the company also announced disappointing earnings for the quarter, as the company lost forty three cents per share.
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Analog Devices (ADI) reported fourth quarter revenue of $572 million, and diluted EPS of $0.36 per share, beating estimates by 10 cents. Gross margins were 56.3% and operating margin was 22.5%.
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Hewlett-Packard (HPQ) shares are falling today after the company reported earnings after the bell last night. H-P reported profits 14 percent higher last night, of $2.41 billion, or 99 cents per share, as compared to earnings of $2.11 billion, or 84 cents per share, in the me quarter ...
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Hormel’s fiscal fourth quarter profit rose 50 percent, helped by lower costs as sales fell. Hormel earned $103.9 million, or 77 cents per share, as compared to $67.8 million, or 50 cents per share, in the same quarter last year.
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This morning, investment firm First Global downgraded shares of Dell (DELL) from Outperform to Market Perform as the firm is concerned about the company’s poor performance. While the macroeconomic environment for computer makers is improving, Dell continues to lose market share to peers...
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Cracker Barrel shares a getting a big boost today after the restaurant chain and retailer posted a 40 percent jump in fiscal first quarter earnings, and boosted its guidance. Cracker Barrel said it earned $18 million, or 78 cents per share, as compared to $12.8 million, or 57 cents per ...
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Upgrades: PRU, AYI, TLAB
