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Benzinga's Volume Movers
Thursday, June 16, 2011 - 10:19am | 202MediaMind Technologies Inc (NASDAQ: MDMD) shares surged 38.33% to $22.05 at 10:17 am. The volume of MDMD shares traded was 8943% higher than normal. DG FastChannel Inc (NASDAQ: DGIT) announced its plans to acquire MDMD for around $418 million in an all-cash deal. RIT Technologies Ltd (NASDAQ:...
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Kroger Reports First Quarter 2011 Results
Thursday, June 16, 2011 - 9:35am | 108The Kroger Co. (NYSE: KR) today reported total sales, including fuel, increased 11.0% to $27.5 billion in the first quarter of fiscal 2011 compared with $24.7 billion for the same period last year. In the first quarter, which ended May 21, 2011, total sales, excluding fuel, increased 4.8% over the...
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Kroger Trading Over 4% Higher After Reporting Quarterly Results and Upping Guidance
Thursday, June 16, 2011 - 9:33am | 59Kroger (NYSE: KR) updated its identical supermarket sales and earnings guidance for fiscal 2011. The company now expects identical supermarket sales growth, excluding fuel, of 3.5% to 4.5% for the year. The previous guidance range was 3% to 4%. Read more here.
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UPDATE: Kroger Increases Fiscal 2011 EPS Guidance
Thursday, June 16, 2011 - 8:48am | 100Kroger (NYSE: KR) updated its identical supermarket sales and earnings guidance for fiscal 2011. The company now expects identical supermarket sales growth, excluding fuel, of 3.5% to 4.5% for the year. The previous guidance range was 3% to 4%. For the full year, Kroger increased its earnings...
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Oppenheimer Comments On Synutra Earnings Review
Thursday, June 16, 2011 - 8:44am | 109According Oppenheimer, Synutra International (NASDAQ: SYUT) 4Q11 results showed SYUT's operations are on a recovery track: revenue of $79.3M (+79% qoq) was significantly higher than Street consensus of $58.4M and our estimate of $52.1M. Oppenheimer said that EPS of ($0.15) beat Street's ($0.17)....
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News Summary for June 16, 2011
Thursday, June 16, 2011 - 8:22am | 302This is your Benzinga news summary and traders' outlook for Thursday, June 16, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after the markets posted over a 1.5% loss yesterday. The U.S. dollar...
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Deutsche Bank Reports On Volatility For LO This Week
Thursday, June 16, 2011 - 8:17am | 151Deutsche Bank is maintaining its $98 price target and its Hold rating on Lorillard (NYSE: LO) following the company's recent volatility due to a TPSAC flare-up. According to Deutsche Bank, “TPSAC is expected to post a revised menthol report by June 22, to be discussed at July 21 meeting… Revisions...
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Benzinga's Top Downgrades
Thursday, June 16, 2011 - 8:16am | 137Analysts at Robert W. Baird downgraded Korn/Ferry International (NYSE: KFY) from “outperform” to “neutral.” KFY's shares closed at $22.95 yesterday. Korn/Ferry's PEG ratio is 1.25. Analysts at FBR Capital downgraded Intel Corporation (NASDAQ: INTC) from “outperform” to “market perform.” Intel's...
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Goldman Sachs Previews WAG's May Quarter
Thursday, June 16, 2011 - 7:55am | 188Goldman Sachs maintains its Buy rating and its $48 price target on Walgreen Company (NYSE: WAG) as the company prepares to release its quarter results, due next Tuesday. In the report, Goldman Sachs writes, “For WAG's May quarter results, due out on June 21, we expect EPS of $0.63, vs. $0.52 a...
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UPDATE: Goldman Sachs Downgrades General Mills to Neutral
Thursday, June 16, 2011 - 7:52am | 92Goldman Sachs is out with its report today on General Mills (NYSE: GIS), downgrading GIS from Buy to Neutral. In a note to clients, Goldman Sachs writes, "We are downgrading General Mills to Neutral from Buy and lowering our 12-month price target by $2 to $42. Our downgrade reflects our view that...
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Goldman Sachs Updates EPS Estimates on Darling International
Thursday, June 16, 2011 - 7:49am | 90Goldman Sachs is out with its report today on Darling International (NYSE: DAR), updating EPS estimates. In a note to clients, Goldman Sachs writes, "We have updated 2Q11-4Q11 EPS estimates to $0.43/$0.36/$0.34 from $0.34/$0.36/$0.42, but maintain our FY11-FY13 EPS estimates of $1.55/$1.42/$1.38....
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Goldman Sachs Downgrades General Mills To Neutral, Lowers PT To $42
Thursday, June 16, 2011 - 6:57am | 28Goldman Sachs has downgraded General Mills (NYSE: GIS) from Buy to Neutral and has lowered the price target from $44 to $42.
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Citigroup Raises PT On Walgreen Company To $48
Thursday, June 16, 2011 - 6:39am | 25Citigroup has raised the price target on Walgreen (NYSE: WAG) from $43 to $48 and maintains its Hold rating.
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Earnings Scheduled For June 16
Thursday, June 16, 2011 - 1:03am | 261Research In Motion Limited (NASDAQ: RIMM) is expected to post its Q1 EPS at $1.32 on revenue of $5.15 billion. Winnebago Industries Inc (NYSE: WGO) is projected to report its Q3 EPS at $0.13 on revenue of $151.43 million. Smithfield Foods Inc (NYSE: SFD) is expected to report its Q4 earnings at $...