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Company News for August 16, 2010 - Corporate Summary
Tuesday, August 17, 2010 - 10:43am | 504• Dell (NASDAQ: DELL) said it will buy Fremont, California-based storage company 3Par (NYSE: PAR) in an all-cash deal valued at $18 per share, representing an 86% premium over its Friday close • Lowe's (NYSE: LOW) reported second-quarter earnings of $0.58 per share, on revenues of $14.4 billion, vs...
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Home Depot: August Trending Better Than July (HD)
Tuesday, August 17, 2010 - 10:22am | 59Seabreeze Partners president Doug Kass just tweeted that he is on the Home Depot (NYSE: HD) conference call. On the call, the home improvement retailer is saying that August is trending better than July. Shares of Home Depot are up 63 cents, or 2.30% to $28.01.
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HD Raises Full Year Sales Guidance
Tuesday, August 17, 2010 - 10:16am | 115According to Citigroup, “Home Depot Inc (NYSE: HD) reported 2Q10 EPS of $0.72, above our $0.69 estimate, above consensus of $0.71, and vs. adjusted EPS of $0.64 last year. The company reported better-than-expected SSS, strong gross margin expansion, and impressive expense control. While the company...
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Home Depot Beats Zacks Estimate - Analyst Blog
Tuesday, August 17, 2010 - 9:43am | 487The Home Depot Inc. (HD) posted second-quarter 2010 earnings of 72 cents per share, beating the Zacks Consensus Estimate by a penny and up 7.5% from 67 cents last year. The prior-year quarter excludes one-time items. Home Depot, the world’s largest improvement retailer, now expects fiscal 2010...
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Stock Market News for August 17, 2010 - Market News
Tuesday, August 17, 2010 - 9:43am | 1071With the U.S. economic outlook pretty much uncertain investors wondered if it is the right time to buy stocks. However, they found little reason to pick up shares and chose to remain on the sidelines, sending trading volume to its lowest of the year. The Dow industrials failed to snap their four-...
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Company News for August 17, 2010 - Corporate Summary
Tuesday, August 17, 2010 - 9:43am | 597• BHP Billiton (NYSE: BHP) confirmed a bid for Potash (NYSE: POT), valued at $130 per share, or $38.5 billion. • Home Depot (NYSE: HD) announced second quarter results of 72 cents a share, one cent above Zacks estimates, and up from 66 cents a year ago; however, sales up 1.8% to $19.41 billion...
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Jefferies Has Buy Rating On Lowe's After Quarterly Results (LOW)
Tuesday, August 17, 2010 - 9:06am | 132Jefferies & Co. has a Buy rating and $24 price target on Lowe's Cos. (NYSE: LOW) after the home improvement company reported quarterly earnings. In the report Jefferies writes, "This is still a macro driven story and there is uncertainty in the data, but low rates and loosening credit are still...
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Goldman Sachs Reiterates Neutral on Lowe’s (LOW)
Tuesday, August 17, 2010 - 9:05am | 138Goldman Sachs is out with a research report this morning, where it reiterates its Neutral rating on Lowe’s Companies Inc. (NYSE: LOW); it has a $24 price target on the stock. The GS analysts said that, while the company’s recent earnings report disappointed, it did not miss by much. They believe...
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Lowe's Misses Zacks Estimate - Analyst Blog
Tuesday, August 17, 2010 - 8:38am | 409Lowe’s Companies, Inc. (LOW) recently posted lower-than-expected second-quarter 2010 results. Quarterly earnings of 58 cents per share missed the Zacks Consensus Estimate by a penny but rose 13.7% from 51 cents in the prior-year quarter. The growth in the top-line and cost containment effort aided...
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Futures Climb After Home Depot Results
Tuesday, August 17, 2010 - 7:47am | 163Stock futures pointed toward a strong open for Tuesday's trading session following positive results out of the retail giants Wal-Mart (NYSE: WMT) and Home Depot (NYSE: HD) and potential M&A activity in the mining sector. As of 7:20 a.m. in New York, the Dow Jones Industrial Average futures...
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US Stock Futures Rise: Retail Giants To Post Earnings
Tuesday, August 17, 2010 - 7:24am | 254Stock futures point to a higher opening on Tuesday, ahead of earnings reports from Wal-Mart Stores (NYSE: WMT) and Saks Inc. (NYSE: SKS), as well as US industrial production data. The Dow futures are up 65 points to 10,338, NASDAQ 100 futures are up 11.75 points to 1,831.75 and the S&P 500...
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Home Depot Posts Higher-Than-Expected Q2 Earnings, Revenue Falls Short Of Expectations
Tuesday, August 17, 2010 - 6:53am | 237Home Depot Inc (NYSE: HD) reported better-than-expected Q2 profits, driven by tighter cost controls. However, the company failed to meet the revenue estimates. Home Depot posted its Q2 net income at $1.2 billion, or $0.72 per share, as compared to $1.1 billion, or $0.66 per share, in the year-ago...
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Home Depot Q2 Earnings Beat The Street View, Revenue Misses
Tuesday, August 17, 2010 - 6:17am | 61Home Depot Inc (NYSE: HD) reports its Q2 EPS at $0.72, beating the consensus of $0.71. HD’s Q2 revenue came in at $19.41 billion, versus the target of $19.59 billion. HD’s shares moved up 0.26% to $27.45 in the after-hours trading session. Read more from Benzinga's Company news.
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Earnings Scheduled For August 17 (HD, WMT. SKS, ADI, TJX, ANF)
Tuesday, August 17, 2010 - 5:40am | 169Home Depot Inc (NYSE: HD) is likely to post its Q2 earnings at $0.71 per share on $19.59 billion in revenue. Wal-Mart Stores Inc (NYSE: WMT) may report its Q2 EPS of $0.96 on revenue of $105.63 billion. Saks Inc (NYSE: SKS) is expected to post its Q2 loss at $0.17 per share on $583.91 million in...
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ETFs To Watch August 17, 2010 (GLD
Tuesday, August 17, 2010 - 3:54am | 224Here is the ETF Professor's ETF Watch List for Tuesday August 17, 2010. Play Home Depot (NYSE: HD) with the Consumer Discret Select Sector SPDR (NYSE: XLY). Play rising gold prices with the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX). Silver will also be worth a...