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Company News for May 14, 2010 - Corporate Summary
Friday, May 14, 2010 - 9:39am | 146• Shares in Sony (NYSE:SNE) dropped 6.8% in overnight trading after the company forecast profits of $1.7 billion for the year, which fell short of Street estimates • Nordstrom (NYSE:JWN) posted first quarter earnings of 52 cents a share, three cents below Zacks estimates, on inline revenues of $2...
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Sony Corp.’s (SNE) Quarterly Loss Narrows
Thursday, May 13, 2010 - 10:34am | 165With its fourth quarter net loss going down by two-thirds from last year’s level, Sony Corp. (ADR) (NYSE: SNE), the Japanese consumer-electronics and entertainment giant, forecast Thursday, a return to profit in the current fiscal year. Sony has high hopes of improving its bottom-line in part from...
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Sony Loss Shrinks
Thursday, May 13, 2010 - 2:21am | 71Sony (NYSE: SNE), the Japanese entertainment giant, said its loss for the fiscal year that ended March 31 shrank to $439 million from about $976 million a year earlier, helped by cost-cutting and improved sales of consumer electronics. The company is forecasting a fiscal 2011 profit of about $537...
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Garmin Ltd. (GRMN) Misses Estimates, Shares Fall
Wednesday, May 5, 2010 - 2:00pm | 184Garmin Ltd.’s (NASDAQ: GRMN) quarterly profits disappointed markets by being far below estimates. This led to its shares falling by 14 percent. First-quarter net income fell to $37.3 million or 19 cents a share, from $48.5 million, or 24 cents a share, a year earlier. Excluding items, earnings were...
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Stock Market News for May 5, 2010 - Market News
Wednesday, May 5, 2010 - 9:30am | 460Spreading concerns about European finances roiled global markets Tuesday, sending every major index from Australia to United States sharply lower even as speculation grew that financially strapped Spain would be the next to need a bailout. Concerns that Beijing was moving too fast to contain the...
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Company News for May 5, 2010 - Corporate Summary
Wednesday, May 5, 2010 - 9:30am | 164• Goldman Sachs (NYSE:GS) removed Merck (NYSE:MRK) from its Conviction Buy List, cutting its rating to "neutral," and lowering the price target from $46 to $42 • Time Warner (NYSE:TWX) reported better-than-expected first quarter earnings of 61 cents a share, ahead of Zacks estimates of 48 cents on...
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GRMN Misses Q1 Earnings Estimates, Shares Suffer
Wednesday, May 5, 2010 - 9:01am | 107The No. 1 U.S. portable navigation device maker, Garmin Ltd (NASDAQ: GRMN), announced its Q1 results on Wednesday. Profits are down to $37 million, or $0.19 a share, from last year’s $48.5 million, or $0.24 a share. Revenue too is down 1% from $437 million in Q1 2009 to $431 million this year. GRMN...
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Benzinga’s Top Pre-Market Losers (ITMN, MYGN, GRMN, AVNR, MPEL)
Wednesday, May 5, 2010 - 8:55am | 189InterMune Inc (NASDAQ: ITMN) plunged 78.10% to $9.95 in the pre-market session. Analysts at Wells Fargo downgrade ITMN from “outperform” to “market perform.” Myriad Genetics Inc (NASDAQ: MYGN) tumbled 24.34% to $18.22 in the pre-market session. MYGN had issued its 2010 guidance below analyst...
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High Cash No Debt High Yield Stocks
Wednesday, May 5, 2010 - 2:22am | 411Anyone who has read many of my articles know that I am a big fan of stocks that don't have any debt. I am also a fan of stocks that pay high dividends. When you look at these two criteria and add a third, lots of cash, you come up with an interesting list of stocks. WallStreetNewsNetwork.com just...
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MKM Partners Rates Garmin (GRMN) Neutral
Friday, April 30, 2010 - 9:54am | 186MKM Partners analysts Pablo A. Perez-Fernandez and Tero Kuittinen maintained their Neutral rating for shares of Garmin Ltd. (Nasdaq: GRMN), with a price target of $36. The analysts said that because it was "a conglomerate of distinct entities," they valued it as a sum of all its parts. They said...
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Harman Upgraded At RW Baird
Friday, April 30, 2010 - 9:42am | 51Analysts at RW Baird upgrade Harman (NYSE: HAR) from "underperform" to "neutral." The target price for HAR is set to $45. Shares of HAR traded at $40.04, up 0.15% in the after hours session. More Analyst Ratings here.
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Top 5 NYSE Large-Cap Stocks In The Consumer Goods Sector With The Highest Cash (TM, F, PC, HMC, KO)
Friday, April 30, 2010 - 6:54am | 167Below are the top 5 large-cap consumer goods stocks on the NYSE in terms of cash. Toyota Motor Corp (NYSE: TM) had $43.48 billion cash in the latest quarter, while its debt liabilities stood at $136.04 billion. Ford Motor Company (NYSE: F) had $31.70 billion cash in the latest quarter, while its...
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“How To Train Your Dragon” Is Back As Weekend’s No.1 Movie (DWA, LGF, NWSA, SNE, TWX)
Monday, April 19, 2010 - 5:58pm | 348According to a report by Bloomberg, in a statement yesterday, Hollywood.com Box- Office said that “How to Train Your Dragon” was the top film in U.S. and Canadian theaters this weekend, having grossed $20 million in ticket sales for Dream Works Animation SKG Inc. (NASDAQ: DWA) “Kick Ass” took the...
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EURUSD Driven Higher As Sentiment Improves, Industrial Production Surges
Wednesday, April 14, 2010 - 1:54pm | 587G10 Advancers and Decliners vs USD GBP 0.74 EUR 0.62 CHF 0.39 JPY 0.29 EURUSD has traded higher today, as the effect of overnight USDSGD intervention (weakening the USD) and excellent European data in the morning session was enough to keep EURUSD buoyed despite strong USD...
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EURUSD Driven Higher As Sentiment Improves, Industrial Production Surges
Wednesday, April 14, 2010 - 1:54pm | 587G10 Advancers and Decliners vs USD GBP 0.74 EUR 0.62 CHF 0.39 JPY 0.29 EURUSD has traded higher today, as the effect of overnight USDSGD intervention (weakening the USD) and excellent European data in the morning session was enough to keep EURUSD buoyed despite strong USD...