Company News for March 12, 2010 - Corporate Summary
• Aeropostale (NYSE:ARO) posted fourth quarter earnings after the close, which were below Zacks estimates of $1 at 99 cents on a 16.1% rise in revenues to $801 million versus estimates of $794 million. The firm also announced a 3-for-2 stock split and an increase in fiscal first quarter guidance
• National Semiconductor (NYSE:NSM) reported a fiscal third quarter earnings and revenue beat after the close. The company reported earnings of 22 cents, versus Zacks estimates of 18 cents as a 24% revenue gain drove sales to $362 million versus Zacks estimates of to $346 million
• Pall Corp (NYSE:PLL) posted a fiscal first quarter earnings miss after the close Thursday. Earnings of 42 cents were below Zacks estimates of 47 cents, as revenue of $560 million was below Zacks estimates of $592 million. The firm also provided fiscal 2010 earnings guidance
• Societe Generale started coverage of Goldman Sachs (NYSE:GS) with a “buy" rating and a $190 price target and Morgan Stanley (NYSE:MS) with a “hold" rating and a $32 price target
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