-
Gridlock Continues 07-28-2011
Thursday, July 28, 2011 - 2:52pm | 1096Cusick Corner Gridlock continues and hedging was the name of the game. This will be short because this budget impasse makes trading or investing dicey at best. If we go into the weekend with no resolution and more politicking, volatility will continue to grow and further uncertainty will turn into...
-
Archer Daniels Midland Earnings Preview: Analysts Expect Rising Revenue Over Previous Quarter
Thursday, July 28, 2011 - 2:38pm | 574Archer Daniels Midland (NYSE: ADM) unveils its next round of earnings this Tuesday, August 2, 2011. Here's Benzinga's advanced look at Archer Daniels Midland's fourth quarter earnings report. Earnings and Revenue: Analysts are looking ahead to a positive EPS of 86 cents per share and revenues...
-
Green Mountain Coffee Roasters up 18% on Upbeat Earnings
Thursday, July 28, 2011 - 9:57am | 43Green Mountain Coffee Roasters (NASDAQ: GMCR) is up 18% on upbeat earnings. The company reported yesterday Q3 EPS of $0.49 vs. $0.37 Est; Revenues $717.2M vs. $606.76M. Green Mountain Coffee is currently trading at $104.33, a gain of $16.22 or 18.41%.
-
Bank of America Raises PO On Green Mountain Coffee To $120
Thursday, July 28, 2011 - 8:50am | 30Bank of America has raised the price objective on Green Mountain Coffee Roasters (NASDAQ: GMCR) from $105 to $120 and maintains its Buy rating.
-
Earnings Roundup
Thursday, July 28, 2011 - 8:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
-
Rite Aid July Same Store Sales +1.9%
Thursday, July 28, 2011 - 8:33am | 109Rite Aid Corporation (NYSE: RAD) today announced sales results for July. For the four weeks ended July 23, 2011, same store sales increased 1.9 percent over the prior-year period. July front-end same store sales increased 3.1 percent while pharmacy same store sales, which included an approximate...
-
UPDATE: J.P. Morgan Raises PT on Energizer Holdings to $95
Thursday, July 28, 2011 - 8:27am | 77J.P. Morgan is out with its report today on Energizer Holdings (NYSE: ENR), raising its PT from $84 to $95. In its report, J.P. Morgan writes, "We rate ENR OW. Valuation should continue to improve for ENR due to stronger top line results and margin expansion. We are establishing a year end 2012...
-
UPDATE: Kellogg Reports 14% Rise In Q2 Profit
Thursday, July 28, 2011 - 8:24am | 64Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $...
-
EARNINGS WATCH
Thursday, July 28, 2011 - 8:12am | 53Kellogg Company (K): Q2 EPS of $0.94 beats by $0.03. Revenue of $3.39B (+10.6% Y/Y) beats by $100M. Reaffirms FY'11 EPS guidance of $3.33-3.40. BASF Sees Slowdown Germany's BASF, the world's largest chemicals company by sales, said it expects growth to [...]
-
Citi Reiterates Hold and PT of $23 on Safeway
Thursday, July 28, 2011 - 8:08am | 46Citi reiterated its Hold rating on Safeway (NYSE: SWY). At the same time, the rating agency left its price target on the company's stock unchanged at $23. On Wednesday, SWY lost 0.59% of its value to end the day at $20.33.
-
News Summary for July 28, 2011
Thursday, July 28, 2011 - 7:53am | 584This is your Benzinga news summary and traders' outlook for Thursday, July 28, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat as traders wait for the decision on the debt ceiling and the weekly...
-
UPDATE: Colgate-Palmolive Reports 3% Rise In Q2 Profit
Thursday, July 28, 2011 - 7:30am | 61Colgate-Palmolive Co (NYSE: CL) reported a 3% rise in its second-quarter profit. Colgate-Palmolive reported its quarterly profit at $622 million, or $1.26 per share, up from $603 million, or $1.17 per share, in the year-earlier period. Its revenue climbed 9.5% to $4.19 billion. However, analysts...
-
Piper Jaffray Reiterates Overweight on Green Mountain Coffee, Raises PT to $117
Thursday, July 28, 2011 - 7:14am | 64Piper Jaffray reiterated its Overweight rating on Green Mountain Coffee (NASDAQ: GMCR). At the same time, the rating agency raised its price target on the company's stock from $95 to $117. On Wednesday, GMCR lost 4.29% of its value to finish the day at $88.11. Its shares are making a breath-taking...
-
UPDATE: Bunge Reports Q2 Profit of $316M
Thursday, July 28, 2011 - 7:11am | 76Bunge Ltd (NYSE: BG) released its results for the second quarter on Thursday. Bunge's quarterly net income dropped to $316 million, or $2.02 per share, from $1.8 billion, or $11.15 per share, in the year-ago period. Excluding items, Bunge's net profit came in at $1.78 per share. Its sales climbed...
-
JP Morgan Raises PT On Energizer Holdings To $95
Thursday, July 28, 2011 - 7:08am | 27JP Morgan has raised the price target on Energizer Holdings (NYSE: ENR) from $84 to $95 and maintains its Overweight rating.