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Staples In-Line with Estimates - Analyst Blog
Thursday, August 19, 2010 - 2:13pm | 883Staples, Inc. (SPLS), a global leader in the supply of office products, posted second-quarter 2010 results this morning. The quarterly earnings of 20 cents a share was in line with the Zacks Consensus Estimate and rose 25% from 16 cents earned in the prior-year quarter. On a reported basis,...
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Stock Market News for August 19, 2010 - Market News
Thursday, August 19, 2010 - 1:34pm | 1252Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...
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Company News for August 19, 2010 - Corporate Summary
Thursday, August 19, 2010 - 1:34pm | 771• Sears Holdings (NASDAQ: SHLD) posted a second quarter loss of 19 cents per share, one cent above Zacks estimates, on revenues of $10.5 billion, below Zacks estimates of $10.6 billion • Staples (NASDAQ: SPLS) posted in-line second quarter earnings of 20 cents a share; however, revenues of $5.5...
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Goldman Sachs Raises Estimates, Price Target On PetSmart (PETM)
Thursday, August 19, 2010 - 1:05pm | 187In a company update released by Golman Sachs (NYSE: GS) today, the firm's analysts said that they are raising estimates and their price target on PetSmart (NASDAQ: PETM) after the company's earnings release yesterday. PETM reported earnings per share of $0.41, which exceeded Goldman and the Street'...
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Benzinga’s Volume Movers (OTEX, SYMC, PETM, NTAP)
Thursday, August 19, 2010 - 12:07pm | 161Open Text Corporation (NASDAQ: OTEX) shares moved up 13.42% to $42.25 at 11:52 am. The volume of OTEX shares traded was 1040% higher than normal. OTEX has reported upbeat Q4 earnings, driven by strong revenue growth and cost controls. Symantec Corporation (NASDAQ: SYMC) shares rose 3.34% to $13.01...
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Afternoon Market Update (EBAY, INTC, MFE, PETM)
Thursday, August 19, 2010 - 11:10am | 227Moody's Investors Service has raised the issuer rating of eBay Inc (NASDAQ: EBAY) from “A3” to “A2” to reflect the company's strong performance and credit metrics through the period of economic downturn. Moody's said, "The upgrade reflects eBay's solid debt protection measures that are derived from...
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Gloomy Data Spook Stocks; Dow Falls 100
Thursday, August 19, 2010 - 10:53am | 319Wall Street's double-dip fears were revived Thursday morning as the Dow dropped 150 points in the wake of a nine-month high for weekly jobless claims and a surprisingly gloomy regional manufacturing report. Today’s Markets As of 10:15 a.m. ET, the Dow Jones Industrial Average fell 118.82 points,...
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Deutsche Bank Reiterates Hold Rating on PetSmart (PETM)
Thursday, August 19, 2010 - 9:27am | 163Deutsche Bank is out with a research report this morning, where it reiterates its Hold rating on PetSmart Inc. (NASDAQ: PETM); it has a $36.00 price target on the stock. The DB analysts cited the company’s recent earnings report, which was better than expected on better gross margins and higher...
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Wells Fargo Likes PetSmart After Strong Earnings (PETM)
Thursday, August 19, 2010 - 9:17am | 253Wells Fargo Securities likes PetSmart, Inc. (NASDAQ: PETM) after the company reported a solid quarter and beat earnings expectations. It has a $35-$37 price target on shares of PetSmart. It rates shares at Outperform. In the research report Wells Fargo writes, "PetSmart delivered a nice earnings...
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Futures Move Lower As Jobless Claims Rise
Thursday, August 19, 2010 - 9:13am | 312Stock futures reversed course and moved into negative territory ahead of Thursday's trading session after the Labor Department reported that first-time unemployment claims jumped unexpectedly. As of 8:55 a.m. in New York, the Dow Jones Industrial Average futures fell 2 points, or 0.02%, to 10350,...
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DKS Reports Better-Than-Expected Q2 Results
Thursday, August 19, 2010 - 7:53am | 57Dick's Sporting Goods Inc (NYSE: DKS) reports its Q2 EPS at $0.43, beating the consensus of $0.41. DKS reports its Q2 revenue at $1.23 billion, versus the target of $1.22 billion. DKS’ shares gained 1.41% to close at $27.32 yesterday. Read more from Benzinga's Company news.
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US Stock Futures Up Ahead Of Major Earnings, US Jobs Data
Thursday, August 19, 2010 - 7:03am | 330US stock futures for the NASDAQ are up 7.25 points to 1,850.8; for S&P 500 is up 5.1 points to 1,094.16; for DOW is up 41.00 points to 10,415.54 on Wednesday 6.27 AM EST. At 8:30 AM EST, the US Department of Labor will release first-time claims for jobless benefits for the week ended August 14...
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Staples Posts In-Line Q2 Earnings
Thursday, August 19, 2010 - 6:28am | 59Staples (NASDAQ: SPLS) reports its Q2 adjusted EPS at $0.20, in-line with the consensus of $0.20. SPLS reports its Q2 revenue at $5.5 billion, as compared to the Street view of $5.64 billion. SPLS’ shares fell 0.15% to $19.62 in after-hours trading. Read more from Benzinga's Company news.
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PetSmart Beats on Top Line; Revs In-Line (PETM)
Wednesday, August 18, 2010 - 4:16pm | 123PetSmart, Inc. (NASDAQ: PETM) reports Q2 EPS of $0.41 versus estimates of $0.36. PetSmart, Inc. reports revenues of $1.39 billion versus estimates of $1.39 billion. Revenues increased 6.2% year over year. Comp store sales increased 4.6% in Q2. Service sales increased by 7.2% to $165 million. "We...
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PetSmart Reports Second Quarter Results
Wednesday, August 18, 2010 - 4:15pm | 98PetSmart, Inc. (NASDAQ: PETM) today reported earnings of $0.41 per share, up 32% compared to $0.31 per share in the second quarter of 2009. Net income totaled $48.4 million in the second quarter of 2010, compared to $39.0 million in the second quarter of 2009. Total sales for the second quarter of...