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Heinz (HNZ) Reports Higher Q3 Sales
Thursday, February 25, 2010 - 6:05pm | 77Heinz (NYSE: HNZ) reported a 12.6% jump in Q3 sales to $2.68 billion. The company posted a Q3 profit of $231.1 million (72 cents per share), compared with $242.3 million (76 cents a share) in Q3 2008. Income from continuing operations rose to 83 cents per share from 76 cents per share. Heinz...
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Company News for February 25, 2010 - Corporate Summary
Thursday, February 25, 2010 - 10:42am | 173• HJ Heinz (NYSE:HNZ) beat Zacks estimates with fiscal third quarter results of 83 cents, ahead of Zacks estimates of 80 cents, on inline revenues of $2.68 billion • Newmont Mining (NYSE:NEM) sharply beat estimates with fourth quarter results of $1.13, well ahead of Zacks projections of 76 cents...
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Stock Market News for February 25, 2010 - Market News
Thursday, February 25, 2010 - 10:40am | 491It was a Bernanke-based rally on the Wall Street Wednesday. Comments from the Federal Reserve Chairman in his semi-annual testimony before Congress drew widespread applause from investors and helped stocks end a two-day losing streak. The Fed chairman noted the economy still needed “accommodative...
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HGSI Pipeline Bigger than Earnings - Analyst Blog
Thursday, February 25, 2010 - 10:05am | 693Human Genome Sciences, Inc. (HGSI) is expected to report fourth quarter as well as fiscal 2009 results shortly. We expect that the company will report a loss of 10 cents per share for the fourth quarter of 2009 and 4 cents for fiscal 2009. However, we believe that the earnings report is basically a...
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Top 5 Stocks For February 25, 2010 (BX, DPS, HNZ, KSS, GPS)
Thursday, February 25, 2010 - 9:03am | 253Some of the companies that may come into the limelight today are those that are reporting their results. While Blackstone Group (NYSE: BX), Dr. Pepper Snapple (NYSE: DPS), Heinz (NYSE: HNZ) and Kohl's (NYSE: KSS) are declaring their results before the bell, Gap (NYSE: GPS), Live Nation (NYSE: LYV...
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Coca Cola Company (KO) In Talks To Buyout Coca Cola Enterprises, Inc.’s (CCE) North America Operations
Thursday, February 25, 2010 - 8:03am | 141The Coca Cola Company (NYSE: K), the world’s biggest soda maker, is in talks to buyout bottler Coca Cola Enterprises, Inc.’s (NYSE: CCE) North American operations. The deal will be worth $15 billion, including debt. According to people close to situations, the deal could come through in the next...
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Heinz Earnings Preview (HNZ)
Wednesday, February 24, 2010 - 8:51pm | 105H.J. Heinz Company will be reporting their quarterly earnings numbers before the opening bell tomorrow morning. Wall Street analysts are expecting that the company will report earnings per share of $0.76, which is identical to the figure that Heinz (HNZ) reported in the year ago period. During...
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Smucker Reports Record Q3 Results (SJM)
Wednesday, February 24, 2010 - 4:27pm | 125J.M. Smucker (NYSE: SJM) posted a sharp increase in its quarterly profit. The increase is mainly due to higher margins and lower costs. Smucker (SJM) recorded a 2 percent increase in its revenue to reach $1.2 billion. It also reported a 4 percent increase in its total volume. Smucker’s gross profit...
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Green Mountain Coffee And J.M. Smucker Sign Deal (GMCR, SJM)
Wednesday, February 24, 2010 - 3:35pm | 98Green Mountain Coffee Roasters (NASDAQ: GMCR) and J.M. Smucker (NYSE: SJM) have announced a multi-year deal under which GMCR will manufacture Smucker coffee brands including Foldgers and Millstone in single-serve K-Cup portions for Keurig Single Cup Brewers. Green Mountain will be the exclusive...
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NYSE New 52 Week Highs (HD, THS)
Wednesday, February 24, 2010 - 2:33pm | 114Among the notable names that have made new 52 week highs today on the New York Stock Exchange are the Home Depot (NYSE: HD) and TreeHouse Foods (NYSE: THS). Home Depot (HD) reported strong earnings yesterday and has gained 1.84% to $31.33. TreeHouse Foods (THS) has risen 1.06% today and is...
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Company News for February 24, 2010 - Corporate Summary
Wednesday, February 24, 2010 - 10:01am | 140• Garmin (NASDAQ: GRMN) posted quarterly earnings of $1.43 per share, up from estimates of 95 cents, on revenues of $1.06 billion, ahead of $956 million projections. The company said it sees full-year earnings of $2.75 to $3.15 a share • Nicor Gas (NYSE:GAS) reported fourth quarter earnings of $1....
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Top 5 Stocks For February 24, 2010 (GIS, BBI, TOL, TA, SKS)
Wednesday, February 24, 2010 - 9:38am | 238Some of the stocks that are likely to remain in focus today are: General Mills (NYSE: GIS) is set to report its results for the latest quarter after the markets close. GIS is expected to post its earnings at $0.93 per share. GIS gained 0.56% to $72.28 in after hours trading. Wall Street analysts...
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Benzinga’s Earnings Roundup (SJM, CHS, GRMN, TRI)
Wednesday, February 24, 2010 - 9:15am | 324The J.M. Smucker Company (NYSE: SJM) reported today a third-quarter net income of $135.5 million, or $1.14 per share, from $77.9 million, or $0.68 per share, for the same quarter last year. Sales climbed 2% to $1.2 billion for the quarter. Analysts expected SJM to report earnings of $1.04 per share...
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Kraft Foods Gets ‘Overweight’ Rating (KFT, CS, CBY)
Tuesday, February 23, 2010 - 6:34pm | 168Credit Suisse (NYSE: CS) has restored the coverage of Kraft Foods (NYSE: KFT). According to a report released by Credit Suisse (CS), the firm is likely to attract investors after its seamless integration with Cadbury's (NYSE: CBY) assets. Credit Suisse has said that Kraft Foods (KFT) now has an...
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DMND Marketing Spending To Help Emerald Snack Nut Brand
Tuesday, February 23, 2010 - 11:50am | 131Analysts at KeyBanc Capital Markets maintain their "buy" rating on Diamond Foods Inc (NASDAQ: DMND). The target price for DMND has been raised from $38 to $45. According to KeyBanc Capital Markets, Diamond Foods’ recent marketing spending would help its Emerald snack nut brand grow profitably. “...