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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 9:06am | 1234Read More...On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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Constellation Brands Sours on Wine Sales
Thursday, January 6, 2011 - 3:34pm | 89Read More...Constellation Brands (NYSE: STZ) shares fell sharply Thursday as the wine company booked sluggish quarterly sales. The distributor of Robert Mondavi wine, Svedka vodka and Corona beer posted net income of $139.3 million, or 65 cents per share, more than tripling year-earlier profits of $44.1...
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Constellation Brands Beats - Analyst Blog
Thursday, January 6, 2011 - 2:33pm | 421Read More...Constellation Brands (STZ) net income soared to $139.3 million in the third quarter of fiscal 2011, compared to $44.1 million the prior-year quarter. Excluding special items, adjusted earnings per share came in at 66 cents per share, surpassing both the Zacks Consensus Estimate of 62 cents and...
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Constellation Brands Beats - Analyst Blog
Thursday, January 6, 2011 - 2:12pm | 421Read More...Constellation Brands (STZ) net income soared to $139.3 million in the third quarter of fiscal 2011, compared to $44.1 million the prior-year quarter. Excluding special items, adjusted earnings per share came in at 66 cents per share, surpassing both the Zacks Consensus Estimate of 62 cents and...
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Market Roundup (STZ, ROST, DAL, AMR, JBLU, LUV, MON)
Thursday, January 6, 2011 - 11:59am | 334Read More...Shares of Constellation Brands (NYSE: STZ) lost about 4.8% after the company reported its FQ3 earnings at $0.65 per share, up from $0.20 per share, in the year-ago period. Excluding costs from a cider business sale, the company reported earnings at $0.66 per share. However, analysts were expecting...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 9:33am | 719Read More...• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 9:19am | 719Read More...• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Goldman Sachs Views STZ Quarter As Weaker Than Expected
Thursday, January 6, 2011 - 9:07am | 129Read More...Constellation Brands, Inc.'s (NYSE: STZ) 3QFY11 EPS of $0.66 was above “our estimate of $0.64 and the consensus of $0.62,” Goldman Sachs reports. “However, operating performance came in weaker than expected, as operating income was $0.09 below our estimate on softer sales and margins, partly offset...
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US Stock Futures Up As Investors Await Jobless-Claims Data
Thursday, January 6, 2011 - 6:39am | 266Read More...US stock futures are higher this morning as investors are awaiting weekly jobless-claims data. Futures on the Dow Jones Industrial Average rose 32 points to 11,696.00 and S&P 500 index futures gained 3.90 points to 1,275.70. Nasdaq 100 futures gained 6.75 points to 2,276.50. The blue-chip Dow...
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Citigroup Opens DEO With Buy
Thursday, January 6, 2011 - 5:48am | 41Read More...Analysts at Citigroup initiate coverage of Diageo plc (NYSE: DEO) with a “buy” rating. DEO shares fell 0.24% to close at $74.65 yesterday. More Analyst Ratings here
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Earnings Scheduled For January 6 (DMAN, MON, GPN, LWSN, HIS, BLUD, SHAW, STZ, XRTX, PENX, SABA)
Thursday, January 6, 2011 - 4:00am | 290Read More...DemandTec Inc (NASDAQ: DMAN) is expected to report its FQ3 EPS at $0.03 on revenue of $21.26 million. Monsanto (NYSE: MON) is forecast to post its earnings at $0.02 per share on revenue of $1.80 billion in the fiscal first-quarter. Global Payments Inc (NYSE: GPN) is projected to post its Q2...
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Stocks To Watch For January 6 (HOTT, STZ, RT, MON, ZUMZ)
Thursday, January 6, 2011 - 3:52am | 236Read More...Some of the stocks that may grab investor focus today are: Hot Topic Inc (NASDAQ: HOTT) reported a decline of 1.7% in its December sales at stores open at least one year. However, analysts were expecting same-store sales to drop 2.2%. HOTT shares gained 0.67% to $5.99 in after-hours trading. Wall...
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Earnings Season Kicks Off
Tuesday, January 4, 2011 - 11:32am | 686Read More...By Josh Lipton The next few weeks will see the first few companies reporting earnings for the final quarter of 2010 and, while analysts predict another impressive period of profit growth, expectations for the year ahead remain decidedly more muted. This week, investors will hear the latest...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Baidu (AXL, F, GM, LLY, BIDU, DEO)
Tuesday, January 4, 2011 - 3:58am | 188Read More...On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he is a “huge believer in American Axle (NYSE: AXL). I think there will be a big build of autos. Ford Motor (NYSE: F) is breaking out, General Motors (NYSE: GM) is breaking out and I think it would be dangerous to short this stock...
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Morgan Stanley Downgrades STZ To EW
Monday, January 3, 2011 - 10:53am | 101Read More...Morgan Stanley is downgrading Constellation Brands, Inc. (NYSE: STZ) to EW, “given we believe valuation is now reasonable after recent stock outperformance.” “STZ is now trading slightly above our prior $21 price target after a large 39% jump in the stock in 2010 (vs. a 13% S&P 500 increase),”...
