• Joy Global JOYG reported fiscal third quarter earnings ten cents higher than estimated at $1.13, on a 11.1% revenue decline to $850 million, off projections of $877 million
• PerkinElmer PKI agreed to sell its illumination and detection solutions business to a private equity firm for about $500 million, adding 19-21 cents to third quarter operation results. The company also approved an increase in its share buyback program to 13 million
• HJ Heinz HNZ posted fiscal first quarter results of 75 cents, up from consensus estimates of 73 cents, on revenues of $2.48 billion that missed estimates of $2.53 million
• HSBC HBC upgraded both Arch Coal ACI and Massey Energy MEE to "overweight" from "neutral"
• Kaufman initiated coverage of Veeco VECO with a "buy" rating and a price target of $56
• Piper Jaffray PJC maintained an "overweight" rating on Netflix NFLX with a $140 price target
• Burger King BKC is reportedly in talks with several private equity firms on its possible sale
• Barclays BCS initiated coverage of CIT CIT at "overweight" with a price target of $46
ARCH COAL INC (ACI): Free Stock Analysis Report
BARCLAY PLC-ADR (BCS): Free Stock Analysis Report
BURGER KING HLD (BKC): Free Stock Analysis Report
HSBC HOLDINGS (HBC): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
JOY GLOBAL INC (JOYG): Free Stock Analysis Report
MASSEY EGY CPY (MEE): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
PIPER JAFFRAY (PJC): Free Stock Analysis Report
PERKINELMER INC (PKI): Free Stock Analysis Report
VEECO INSTRS-DE (VECO): Free Stock Analysis Report
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
