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Top Narrow Based Indexes For June 23
Thursday, June 23, 2011 - 10:35am | 184By 10:33 am, the Dow Jones Industrial Average was down 195.60 points, or 1.62%, to 11,914.07, while the broader Standard & Poor's 500 index had dipped 19.31 points, or 1.50%. The NASDAQ composite index fell 27.31 points, or 1.02%. Some of the narrow based indexes that are still afloat in the...
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Benzinga's Volume Movers
Thursday, June 23, 2011 - 10:22am | 155Coffee Holding Co Inc (NASDAQ: JVA) shares surged 5.02% to $16.12 at 10:22 am. The volume of JVA shares traded was 245% higher than normal. JVA shares have jumped 209.48% over the past 52 weeks, while the S&P 500 index has gained 17.87% in the same period. Bed Bath & Beyond Inc (NASDAQ:...
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Morning Market Losers
Thursday, June 23, 2011 - 10:02am | 103Flow International Corporation (NASDAQ: FLOW) dipped 24.20% to $3.07 at 10:00 am. FLOW reported a 22% y/y rise in its Q4 consolidated revenue. Zion Oil & Gas Inc (NASDAQ: ZNWAW) shares dropped 22.84% to $3.04. Rainmaker Systems Inc (NASDAQ: RMKR) shares moved down 16.00% to $1.05. RMKR...
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TreeHouse Foods Down Over 13% on Lower Guidance
Thursday, June 23, 2011 - 9:51am | 62TreeHouse Foods (NYSE: THS) is down over 13% on the session after lowering its EPS guidance last night. The company cut its full year 2011 adjusted earnings per share guidance to a range of $2.90 to $3.00 with the second quarter results expected to be between $0.42 and $0.44 per share. TreeHouse...
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Stifel Nicolaus Maintains Hold on TreeHouse
Thursday, June 23, 2011 - 9:32am | 87Stifel Nicolaus is out with its report today on TreeHouse Foods (NYSE: THS), maintaining Hold. In a note to clients, Stifel Nicolaus writes, "We continue with our Hold rating as we maintain a cautious view of the EPS guidance for the full year and as we believe the multiple attached to the shares...
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News Summary
Thursday, June 23, 2011 - 9:31am | 239Shares of Lennar Corp (NYSE: LEN) gained about 1.8% after the company reported a 65% drop in its fiscal second-quarter net profit. Lennar's quarterly net profit fell to $13.8 million, or $0.07 per share, from $39.7 million, or $0.21 per share, in the year-earlier period. Its revenue declined 6% to...
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Rite Aid Trading Over 3.5% Higher after Quarterly Results
Thursday, June 23, 2011 - 9:24am | 90Rite Aid Corporation (NYSE: RAD) today reported financial results for the first quarter ended May 28, 2011. The company reported revenues of $6.4 billion, a net loss of $63.1 million or $0.07 per diluted share and Adjusted EBITDA of $262.9 million or 4.1 percent of revenues. Results benefited from...
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ConAgra Foods Down 3% Pre-Market After Reporting Earnings
Thursday, June 23, 2011 - 9:24am | 40ConAgra Foods (NYSE: CAG) is down 3% in pre-market after reporting earnings. The company reported EPS of $0.47 vs. $0.48 estimate and revenues of $3.21B vs. $3.19B estimate. The company is trading at $24.60 in pre-market.
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Deutsche Bank Maintains Buy on General Mills
Thursday, June 23, 2011 - 8:51am | 101Deutsche Bank is out with its report today on General Mills (NYSE: GIS), maintaining Buy. In a note to clients, Deutsche Bank writes, "Our BUY opinion is based on leading share in many U.S. categories (cereal, refgd. dough, yogurt, cake mix), strong new products, LT productivity efforts, solid FCF...
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Bank of America Provides Color on Tobacco Industry
Thursday, June 23, 2011 - 8:34am | 471Bank of America provided color on the tobacco industry. In a research report published today, Bank of America commented on the Master Settlement Agreement payments. In the report, Bank of America states, "According to the Wall Street Journal, major cigarette manufacturers, including Altria,...
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UPDATE: ConAgra Reports Downbeat FQ4 Earnings
Thursday, June 23, 2011 - 8:05am | 108ConAgra Foods Inc (NYSE: CAG) reported a strong year-over-year rise in its fiscal fourth-quarter net income on Thursday. ConAgra's earnings surged to $254.9 million, or $0.62 per share, from $90.6 million, or $0.20 per share, in the year-earlier period. Its adjusted earnings came in at $0.47 per...
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UPDATE: Rite Aid Reports Narrower-Than-Expected Q1 Loss; Shares Rise In Pre-Market Trading
Thursday, June 23, 2011 - 7:56am | 99Rite Aid Corp (NYSE: RAD) reported narrower-than-expected first-quarter loss on Thursday. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion. However, analysts were expecting a...
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UPDATE: Rite Aid Reports First Quarter Fiscal 2012 Results
Thursday, June 23, 2011 - 7:40am | 182Rite Aid Corporation (NYSE: RAD) today reported financial results for the first quarter ended May 28, 2011. The company reported revenues of $6.4 billion, a net loss of $63.1 million or $0.07 per diluted share and Adjusted EBITDA of $262.9 million or 4.1 percent of revenues. Results benefited...
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UPDATE: ConAgra Foods Reports Fourth-Quarter Earnings
Thursday, June 23, 2011 - 7:38am | 85ConAgra Foods (NYSE: CAG) today reported results for the fiscal 2011 fourth quarter, which ended May 29, 2011. As reported, diluted EPS from continuing operations was $0.62, 130% above the $0.27 earned in the year-ago period. Results include $0.15 of net benefit in the current quarter and $0.11...
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 6:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...