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HARMAN Advances Transformation with Divisional Realignment
Wednesday, August 10, 2011 - 7:08am | 59HARMAN (NYSE: HAR), today announced that it was reorganizing its businesses in order to accelerate earnings growth opportunities and better align with consumer lifestyle preferences. While the Company's Professional Division will remain largely unaffected, the Company will reorganize its...
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US Stock Futures Slightly Down; Gold Futures Surge
Wednesday, August 10, 2011 - 5:10am | 555US stock futures are slightly lower this morning, after the Federal Open Markets Committee pledged to keep rates at an all-time low through mid-2013. Futures for the Dow Jones Industrial Average dipped 31 points to 11,163.00 and S&P 500 index futures fell 2.70 points to 1,169.00. Nasdaq 100...
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Earnings Scheduled For August 10
Wednesday, August 10, 2011 - 3:02am | 483Polo Ralph Lauren Corporation (NYSE: RL) is expected to report its Q1 EPS at $1.45 on revenue of $1.43 billion. Macy's Inc (NYSE: M) is estimated to report its Q2 earnings at $0.49 per share on revenue of $5.87 billion. Cisco Systems Inc (NASDAQ: CSCO) is projected to report its Q4 EPS at $0.38...
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Tech Stocks Tank on Economic Crisis, S&P Downgrade
Monday, August 8, 2011 - 2:37pm | 831I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...
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If the "A" in Apple stands for "Awesome," What does the "S" in Sony stand for?
Friday, August 5, 2011 - 11:45am | 908I'll give you a hint. It rhymes with cupid. Sony (NYSE: SNE) has not been having a good year. From quarterly losses to major hackings, the once-powerful electronics manufacturer is taking a beating in virtually every area in which it conducts business. Now, several months after toying with the...
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Deutsche Bank Downgrades Universal Electronics To Hold, Lowers PT To $22
Friday, August 5, 2011 - 7:57am | 28Deutsche Bank has downgraded Universal Electronics (NASDAQ: UEIC) from Buy to Hold and has lowered the price target from $30 to $22.
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PS Vita Not Coming This Year, Will Battle With iPad 3 in 2012
Thursday, August 4, 2011 - 5:27pm | 561From the, “Hey, we don't know what the heck we're doing!” department. Sony (NYSE: SNE) has reportedly confirmed that its next portable game system, PS Vita, will not be released in Europe or the United States in 2011. This follows a previous report claiming that the system would be released this...
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Earnings Roundup
Wednesday, August 3, 2011 - 8:05am | 1603MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...
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Pre-Market Losers
Wednesday, August 3, 2011 - 7:29am | 133MicroStrategy (NASDAQ: MSTR) is trading down over 10% after reporting Q2 earnings. Garmin (NASDAQ: GRMN) is trading down over 9% after reporting Q2 earnings. Sonus Networks (NASDAQ: SONS) is trading down over 8% after reporting Q2 earnings. OpenTable (NASDAQ: OPEN) is trading down over 8% after...
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Benzinga's Top Pre-Market Losers
Wednesday, August 3, 2011 - 7:03am | 123Garmin Ltd (NASDAQ: GRMN) dipped 12.56% to $27.57 in the pre-market session. GRMN reported downbeat Q2 profit. Ford Motor Company (NYSE: F) lost 0.34% to $11.81 in the pre-market session. Ford shares have dropped 8.21% over the past 52 weeks, while the S&P 500 index has gained 11.92% in the...
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UPDATE: Garmin Reports Downbeat Q2 Profit; Shares Tumble In Pre-Market
Wednesday, August 3, 2011 - 6:51am | 97Garmin Ltd (NASDAQ: GRMN) reported a 19% drop in its second-quarter earnings. Garmin reported its quarterly profit at $109.5 million, or $0.56 per share, down from $134.8 million, or $0.67 per share, in the year-ago period. Excluding items, Garmin's earnings came in at $0.63 per share. Its...
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One Phone to Dwarf them All: Sony Ericsson Rumored to be Making a 4.7-inch 3D Device
Tuesday, August 2, 2011 - 1:08pm | 215It's a bird! It's a plane! It's a tablet meets a phone! Word on the street is that Sony Ericsson (NYSE: SNE) is planning to release a 4.7-inch 3D device, presumably one that will be marketed as a phone. This news is currently nothing more than a rumor (picked up by Gizmodo via Android and Me), but...
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Tech Stock; Dramatic Growth Expected in Consumer Electronics Industry
Tuesday, August 2, 2011 - 9:46am | 546NEW YORK, NY - August 2, 2011 (Investorideas.com Tech stocks newswire) - In a report issued earlier this year, MarketResearch.com has estimated that the Consumer Electronics Industry will grow to over $289 billion by 2014. This figure represents an increase of over 14% from 2009. The market will...
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Ninten "D'Oh": Nintendo Giving First 3DS Buyers "Perks"
Monday, August 1, 2011 - 10:04am | 6161 UP for the consumer. Nintendo (NASDAQ: NTDOY) has announced that it will cut the price of its 3DS portable gaming console by $80 to $169.99, and will in fact give the first consumers of the product special updates of downloadable titles. The early adopters, who are being called, "Ambassadors,"...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 9:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...