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Del Monte's Top-Line Declines - Analyst Blog
Thursday, December 2, 2010 - 5:30pm | 360Del Monte Foods Co. (DLM), producer, distributor and marketer of branded pet products and food products posted results for the second-quarter of 2011, a 13-week quarter ending on October 31, 2010. Quarterly Details San Francisco-based Del Monte's earnings grew 32.2% year over year to 41 cents...
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Some Long Positions May Need to Marry Puts 12-02-2010
Thursday, December 2, 2010 - 3:48pm | 1003Cusick's Corner The market continues to chug along and the Finance sector, XLF, continues to be the offensive leader. While the underlying action has been quite bullish, the option activity has been shifting to a 50/50 puts to calls positioning. What is notable and worth discussing again is that...
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For Peet's Sake (PEET, SBUX)
Thursday, December 2, 2010 - 2:52pm | 461Starbucks (NYSE: SBUX) appears bitterly determined to end its failing distribution relationship with Kraft Foods (NYSE: KFT); perhaps they've been drinking too much of their own dark roast? Yesterday, the specialty coffee giant said that it wants to end its 12-year distribution deal because of...
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Market Roundup (DLM, JCP, AAPL, GOOG, MSFT, MU, SKS)
Thursday, December 2, 2010 - 1:41pm | 238Shares of Del Monte Foods Co (NYSE: DLM) rose about 0.16% after the company reported upbeat FQ2 earnings. The company's earnings came in at $0.41 per share, up from $0.31 per share, in the year-ago quarter. The company's sales dropped to $941 million from $959 million. However, analysts expected...
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Top Narrow Based Indexes For December 2 (WBD, FNSR, SXCI)
Thursday, December 2, 2010 - 12:09pm | 209By 11:05 am, the Dow Jones Industrial Average was up 83.21 points, or 0.74%, to 11,338.99, while the broader Standard & Poor's 500 index had gained 10.83 points, or 0.90%. The NASDAQ composite index rose 18.79 points, or 0.74%. Some of the narrow based indexes that are driving the markets are...
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Del Monte's Top-Line Declines - Analyst Blog
Thursday, December 2, 2010 - 12:00pm | 360Del Monte Foods Co. (DLM), producer, distributor and marketer of branded pet products and food products posted results for the second-quarter of 2011, a 13-week quarter ending on October 31, 2010. Quarterly Details San Francisco-based Del Monte's earnings grew 32.2% year over year to 41 cents...
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Top Performing Industries For December 2 (WBD, CRH, LOW, SMS)
Thursday, December 2, 2010 - 11:34am | 196At 10:29 am, the Dow gained 0.69% to 11,333.16, the broader Standard & Poor's 500 index moved up 0.80% to 1,215.67 and the NASDAQ composite index rose 0.65% to 2,565.90. The industries that are driving the market today are: Dairy Products: This industry jumped 17.87% by 10:29 am. The top stock...
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Morning Market Movers (WBD, PNS, BNSO, TGIS)
Thursday, December 2, 2010 - 11:08am | 138Wimm-Bill-Dann Foods OJSC (NYSE: WBD) jumped 28.98% to $31.60 at 10:05 am. PepsiCo Inc (NYSE: PEP) announced its plans to buy majority stake in WBD for $3.8 billion. Pinnacle Data Systems Inc (AMEX: PNS) shares surged 25.00% to $1.45. PNS' quarterly earnings jumped 178.23% y/y. Bonso Electronics...
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Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 10:54am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
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Del Monte Foods Profits Rise, Sales Fall (DLM)
Thursday, December 2, 2010 - 9:34am | 169Del Monte Foods Company (NYSE: DLM) on Thursday morning released financial results that beat Wall Street earnings expectations, while missing revenue estimates. Del Monte Foods Company reported that its 2nd quarter net income rose to $81.1 million, or 41 cents per share, up from $62.6 million, or...
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A Peek Into The Market Before The Trading Starts
Thursday, December 2, 2010 - 9:23am | 517Pre-open movers US stock futures are higher, this morning rose as investors awaited economic data. Futures on the Dow Jones Industrial Average rose 45.00 points to 11,278, while S&P 500 index futures gained 5.10 points to 1,210. Nasdaq 100 futures surged 12.50 points to 2,171. A Peek Into...
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Del Monte Foods Company Reports 2011 Second Quarter EPS of $.41
Thursday, December 2, 2010 - 9:04am | 154Del Monte Foods Company (NYSE: DLM): Second quarter net sales declined 1.9%. Pet Products net sales grew ~3%. Consumer Products net sales declined ~5%. Diluted EPS from continuing operations of $0.41 represents a $0.10 year over year increase from Q2 EPS of $0.31 (which included $0.05 of...
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PepsiCo to Acquire 66% of Wimm-Bill-Dann for $3.8B
Thursday, December 2, 2010 - 8:26am | 87PepsiCo (NYSE: PEP) and Wimm-Bill-Dann Foods OJSC (NYSE: WBD) earlier today announced that PepsiCo has agreed to acquire 66% of Wimm-Bill-Dann for $3.8 billion, pending the required government approvals. In connection with this acquisition, PepsiCo will offer to acquire the remaining shares of...
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US Stock Futures Up As Investors Await Economic Data, All Eyes On ECB Meeting
Thursday, December 2, 2010 - 8:14am | 253US stock futures are higher, this morning rose as investors awaited economic data. Futures on the Dow Jones Industrial Average rose 28 points to 11,261.00, while S&P 500 index futures gained 3.80 points to 1,208.30. Nasdaq 100 futures surged 8.50 points to 2,167.00. US stock markets surged...
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Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 5:27am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...