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Options On Chiquita (CQB) Extremely Strong Ahead Of Earnings
Tuesday, February 23, 2010 - 11:12am | 192According to a report on CNBC, traders have turned bullish on Chiquita Brands (NYSE: CQB). The company is set to report its earnings today after the market closes. According to OptionMonster's tracking systems, while the average daily volume on CQB’s options is 1,500 contracts, a trader had shown...
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Deutsche Bank Lowers Campbell Soup (CPB), Reduces Target Price
Tuesday, February 23, 2010 - 10:18am | 51Deutsche Bank downgraded Campbell Soup (NYSE: CPB) from “buy” to “hold.” The target price for CPB has been reduced from $38 to $35. Deutsche Bank expresses its concern regarding the outlook for CPB’s soup business. CPB’s shares have fallen 1.94% to $32.85 in pre-market trading.
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Company News for February 23, 2010 - Corporate Summary
Tuesday, February 23, 2010 - 10:12am | 285• Home Depot (NYSE:HD) announced its first dividend increase since 2006 after reporting better-than-expected earnings of 24 cents a share, versus Zacks consensus of 16 cents a share, on revenues of $14.57 billion, ahead of Zacks estimates of $14.05 billion. The company said it sees 2010 earnings...
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Energy Transfer Beats, Profit Rises - Analyst Blog
Tuesday, February 23, 2010 - 9:45am | 592Energy Transfer Partners L.P. (ETP), a master limited partnership (MLP), announced better-than-expected fourth quarter results, helped by improved margins at its ‘Intrastate Transportation & Storage’ segment. The pipeline operator’s results were also boosted by a significant enhancement in its...
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Benzinga’s Earnings Roundup (OWW, NRG, SAFM, NM)
Tuesday, February 23, 2010 - 9:25am | 322Orbitz Worldwide, Inc. (NYSE: OWW) reported today a fourth-quarter loss of $18 million, or $0.21 per share, as compared to a profit of $8 million, or $0.10 per share, in the year-ago period. Net revenue fell 3% to $175 million for the quarter. Orbitz Worldwide closed at $7.17 in the previous...
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Sanderson Farms (SAFM) Beats Estimates
Tuesday, February 23, 2010 - 9:10am | 95Sanderson Farms, Inc. (Nasdaq: SAFM) on Tuesday reported that it had swung back to profitability in its first fiscal quarter. Sanderson Farms reported net income of $15.8 million, or 75 cents per share, an improvement on last year's loss of $6.7 million, or 33 cents per share. According to a...
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TC PipeLines Misses the Mark - Analyst Blog
Monday, February 22, 2010 - 5:57pm | 776TC PipeLines L.P. (TCLP), a master limited partnership (MLP), announced weak fourth quarter results, reflecting lower equity income from Northern Border system and higher unit count. This more than offset solid earnings from the Great Lakes system and contributions from the recently acquired North...
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Campbell (CPB) Reports Higher Q2 Profit Despite Lower Sales
Monday, February 22, 2010 - 4:28pm | 102Campbell Soup Co. (NYSE: CPB) reported an 11% increase in Q2 profit to $259 million (74 cents per share) for the three months ended Jan.31. Sales increased 1% to $2.15 billion. Analysts’ had forecast earnings of 73 cents per share on sales of $2.23 billion. The company attributed the higher profit...
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Tyson Downgraded By Davenport
Monday, February 22, 2010 - 12:30pm | 80Davenport has downgraded poultry giant Tyson Foods (NYSE: TSN) to "neutral" from "buy" and suspended its $18 one-year price target on the shares. Davenport said that while it is "impressed" by Tyson's margin guidance for its chicken segment and that it expects increased demand and lower commodities...
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Benzinga’s Earnings Roundup (CPB, LOW, PWR, CEG)
Monday, February 22, 2010 - 9:15am | 335Campbell Soup Company (NYSE: CPB) reported today a second-quarter profit of $259 million, or $0.74 per share, as compared to $233 million, or $0.64 per share, for the same quarter last year. Sales increased 1% to $2.2 billion for the quarter. Analysts had expected CPB to report earnings of $0.73...
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Top 5 Stocks For February 22, 2010 (INTU, TXRH, JWN, LOW, CPB)
Monday, February 22, 2010 - 8:43am | 303Intuit (NASDAQ: INTU) has reported strong earnings for its fiscal second quarter, beating the Wall Street expectations. After gaining 7.92% to close at $32.72, INTU’s shares have lost 0.08% in after hours trading. Read more about this company here. The family dining steak king, Texas Roadhouse Inc...
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Campbell Soup (CPB) Profits Rise, Growth Forecast Lowered
Monday, February 22, 2010 - 8:37am | 91Campbell Soup Co. (NYSE: CPB) reported on Monday that its 2nd quarter profit was $259 million, or 74 cents per share, up from $233 million, or 64 cents per share, during the same quarter a year earlier. The company's sales were up 1% to $2.2 billion. A poll of analysts by FactSet Research showed...
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Campbell Soup (CPB) Meets Earnings Expectations, Falls Short On Revenues In Q2
Monday, February 22, 2010 - 8:19am | 81Campbell Soup (NYSE: CPB) has reported its Q2 EPS at $0.74 as compared to the consensus expectations of $0.74. CPB’s revenues for the quarter stand at $2.15 billion, falling short of the Street view of $2.23 billion. The company has lowered its revenue forecasts for FY10 to 2.5%-3.5% from 4%-5%....
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HRL Beats FQ1 Expectations On Strong Revenue Growth
Friday, February 19, 2010 - 5:15pm | 144Analyst R Moskow of Credit Suisse maintains his "neutral" rating on Hormel Foods (NYSE: HRL), while raising his estimates for the company. The target price for HRL has been raised from $41 to $43. Hormel Foods reported its FQ1 results significantly ahead of the estimates and the consensus, driven...
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Top 5 Stocks In The Consumer Goods Sector With The Highest 5-Y Earnings Growth Estimates (SMP, ARM, ADY, SYUT, BRFS)
Friday, February 19, 2010 - 8:10am | 243Below are the top 5 consumer goods stocks on the NYSE and NASDAQ in terms of 5-year earnings growth estimate. The five-year earnings growth estimate for Standard Motor Products Inc (NYSE: SMP) stands at 222.2%. SMP has a PEG ratio of 0.08. Read more about this company here. The five-year earnings...