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J.M. Smucker Reports 2Q Earnings Beat
Friday, November 19, 2010 - 10:35am | 159JP Morgan has published a research report on the J.M. Smucker Company (NYSE: SJM) after the company reported 2Q earnings yesterday. In the report, JP Morgan writes "Smucker reported pro forma 2Q11 (Oct.) EPS yesterday of $1.38, a nickel above consensus. Earnings would have been four pennies higher...
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News Summary
Friday, November 19, 2010 - 10:32am | 178Shares of Ann Taylor Stores Corp (NYSE: ANN) surged about 9.5% after the company posted upbeat FQ3 results. The company's profit came in at $0.41 per share, up from $0.03 per share, in the year-earlier period. Excluding one-time items, the company posted its earnings at $0.42 per share. The...
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Flowers Foods Declares Dividend of $.20
Friday, November 19, 2010 - 10:07am | 45The board of directors of Flowers Foods (NYSE: FLO) today announced a quarterly dividend of $.20 per share. This action renews the annual dividend rate of $.80. The dividend is payable on December 17, 2010, to shareholders of record on December 3, 2010.
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Company News for November 19, 2010 - Corporate Summary
Friday, November 19, 2010 - 10:03am | 809• After the close, Dell (NASDAQ: DELL) reported EPS of $0.45, up from estimates of $0.32 for the third quarter, on a 19.4% revenue climb to $15.39 billion, just below estimates of $15.74 billion. The firm expects the increase in full-year revenues to fall in the middle of its 14-19% range made...
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Who Else Loves Del Monte? (DLM)
Friday, November 19, 2010 - 9:39am | 147Del Monte Foods Co. (NYSE: DLM) is skyrocketing in pre-market trading on reports that KKR (NYSE: KKR) is in advanced talks to buy the canned fruits and vegetables company. The private equity firm, named after Jerome Kohlberg, Jr., and Henry Kravis and George R. Roberts, reportedly offered $18.50...
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Goldman Sachs Remains Neutral on The J.M. Smucker Company
Friday, November 19, 2010 - 9:31am | 96Goldman Sachs has published its research report on the J.M. Smucker Company (NYSE: SJM) following reported 2Q 2011 EPS of $1.38. Goldman Sachs writes, "We are raising our FY 2011 EPS estimate to $4.69 from $4.66 based on $0.07 of upside to our 2Q estimate offset by lower sales and margin...
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Benzinga's Top Downgrades (LTD, VRGY, WFMI, THS)
Friday, November 19, 2010 - 9:03am | 151Limited Brands Inc (NYSE: LTD) was downgraded by BMO Capital from "outperform" to "market perform." LTD's shares closed at $33.26 yesterday. Limited Brands' earnings have fallen by 1.42% in the past 5 years. Verigy Ltd (NASDAQ: VRGY) was downgraded by Citigroup from "buy" to "hold." VRGY's stock...
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Feihe International, Inc. Announces Resignation of CFO
Friday, November 19, 2010 - 9:01am | 70Feihe International, Inc. (NYSE: ADY)today announced that Jonathan Chou, Chief Financial Officer, is resigning from his position at the company to move to Singapore for personal reasons, effective November 16, 2010. Mr. Liu Hua, the Company's Vice Chairman, Secretary, Treasurer and director will...
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A Peek Into The Market Before The Trading Starts
Friday, November 19, 2010 - 8:43am | 496Pre-open movers US stock futures are lower this morning, as China lifted the reserve requirement ratio for banks by 50 basis points. Futures on the Dow Jones Industrial Average declined 33 points to 11,143.00, while S&P 500 index futures lost 3.70 points to 1,194.00. Nasdaq 100 futures dropped...
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Heinz Reports EPS of $0.78
Friday, November 19, 2010 - 8:35am | 73H.J. Heinz Company (NYSE: HNZ) today reported second-quarter operating income, net income and earnings per share. In the second quarter ended October 27, reported sales declined 1.2% to $2.61 billion as a result of currency translation. Operating income grew 2.1% to $417 million. Net income from...
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US Stock Futures Down As China Hikes Reserve Requirement Ratio
Friday, November 19, 2010 - 8:04am | 269US stock futures are lower this morning, as China lifted the reserve requirement ratio for banks by 50 basis points. Futures on the Dow Jones Industrial Average declined 33 points to 11,143.00, while S&P 500 index futures lost 3.70 points to 1,194.00. Nasdaq 100 futures dropped 6.50 points to 2...
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Company News for November 19, 2010 - Corporate Summary
Friday, November 19, 2010 - 4:58am | 809• After the close, Dell (NASDAQ: DELL) reported EPS of $0.45, up from estimates of $0.32 for the third quarter, on a 19.4% revenue climb to $15.39 billion, just below estimates of $15.74 billion. The firm expects the increase in full-year revenues to fall in the middle of its 14-19% range made...
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Earnings Scheduled For November 19 (HNZ, CPWM, ANN, CRMT, KIRK, MENT)
Friday, November 19, 2010 - 4:11am | 168HJ Heinz Co (NYSE: HNZ) is estimated to report its Q2 EPS at $0.76 on revenue of $2.67 billion. Cost Plus (NASDAQ: CPWM) may report a loss of $0.44 per share on revenue of $189.00 million in the third quarter. AnnTaylor Stores Corp (NYSE: ANN) is expected to post its EPS at $0.34 on revenue of $492...
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Stocks To Watch For November 19 (DELL, HNZ, FL, ANN, INTU)
Friday, November 19, 2010 - 4:10am | 239Some of the stocks that may grab the investor focus today are: Dell Inc (NASDAQ: DELL) reported its Q3 income at $0.42 per share, up from $0.17 per share, in the year-ago period. DELL's adjusted income came in at $0.45 per share. The company's revenue increased to $15.4 billion from $12.9 billion....
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Stuffing the Turkey with Data - Earnings Preview
Thursday, November 18, 2010 - 8:00pm | 4934Earnings Preview 11/19/10 The third quarter earnings season is now almost over; just a handful of stragglers, mostly October fiscal ends, are left to report. Next week only 81 firms will report, but 9 of those will be S&P 500 firms, including Hewlett Packard (HPQ), Analog Devices (ADI), ...