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Benzinga’s Earnings Roundup (PIR, GIS, WGO, SCHL, RAD, FDX)
Thursday, December 17, 2009 - 9:03am | 414Pier 1 Imports, Inc. (NYSE: PIR) today reported third-quarter profit of $38.8 million or $0.37 a share as compared to a loss of $36.9 million or $0.41 a share in the year ago period. Sales increased to $327.1 million against $300.9 million from the same quarter last year. Pier 1 Imports fell by 0....
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General Mills Tops Estimates
Thursday, December 17, 2009 - 8:20am | 36General Mills (NYSE: GIS)(FREE stock trend analysis) reports Q2 EPS of $1.54 vs $1.45 estimated. GIS reports Q2 revenues of $4.08 billion vs $4.07 billion estimated.
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Campbell (CPB) Prices Aggressively To Regain Market Share
Wednesday, December 16, 2009 - 2:23pm | 75JPMorgan has noted that the Campbell Soup Company (NYSE: CPB)(FREE stock trend analysis) is heavily levered to the more discretionary microwaveable segment and has suffered losses in RTS. Campbell has taken an aggressive pricing posture recently to stem its decline in the market share but JPMorgan...
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Benzinga’s Top Gainers (DPTR, ACHN, CZZ, ING, FBP, TWTC)
Wednesday, December 16, 2009 - 12:36pm | 342Delta Petroleum Corp. (NASDAQ: DPTR)(FREE stock trend analysis) has soared 30% to $1.38 on 21 million shares. In the past five trading sessions, DPTR has moved up over 59% after a credit rating upgraded at S&P. So far this year, DPTR is down over 71%. Achillion Pharmaceuticals, Inc. (NASDAQ:...
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More Clarity Expected Over The Kraft (KFT) – Cadbury Deal In Early 2010
Tuesday, December 15, 2009 - 4:53pm | 80Barclays noted that Kraft Foods Inc. (NYSE: KFT)(FREE stock trend analysis) is the cheapest name in the large-cap Food group, trading at 10% discount to its peers, owing to the lack of clarity surrounding the Cadbury deal. Barclays has given a price target of $33 for Kraft Foods Inc and believes...
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Kraft Foods Inc. (KFT) Questions Cadbury Inc.’s (CBY) Forecasts
Tuesday, December 15, 2009 - 3:15pm | 124Kraft Foods Inc. (NYSE: KFT), which has made a hostile 10.4 billion-pound ($17 billion) bid for Cadbury Plc. (NYSE: CBY), questioned how the chocolatier can meet the raised targets and said it would maintain a “disciplined approach” in the battle. Kraft Foods Inc., which will become the world’s...
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Morgan Stanley (MS) Positive On General Mills (GIS) Momentum
Tuesday, December 15, 2009 - 1:32pm | 144Morgan Stanley (NYSE: MS)(FREE stock trend analysis) has raised its EPS estimates for General Mills (NYSE: GIS)(FREE stock trend analysis) from $1.41 to $1.45. It is expected that General Mills’ guidance will prove conservative and this view is supposed by IRI data. Though Morgan Stanley is...
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Cadbury (CBY) Dismisses Bid From Kraft (KFT)
Monday, December 14, 2009 - 11:51am | 162Stepping up its efforts to fend off a hostile takeover bid, Cadbury (NYSE: CBY)(FREE stock trend analysis) increased its operating margin target to 16 percent and 18 percent by the end of 2013 and said Kraft’s (NYSE: KFT)(FREE stock trend analysis) offer for the British chocolate and candy maker...
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Procter & Gamble Buys Sara Lee’s Ambi Pur
Friday, December 11, 2009 - 3:57pm | 151Procter & Gamble (NYSE: PG)(FREE stock trend analysis) is to buy Sara Lee’s (NYSE: SLE)(FREE stock trend analysis) Ambi Pur air freshener line. The deal is worth 320 million euros ($470 million). With Ambi Pur, PG will now have a strong product line in the air freshener segment, particularly in...
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Benzinga’s Top Downgrades (HNT, SAFM, BNI, CIG, MIPI, BRO, FFIV)
Friday, December 11, 2009 - 10:36am | 365Health Net, Inc. (NYSE: HNT)(FREE stock trend analysis) has declined 0.61% to $23.61 in the morning trading hours after Credit Suisse reiterated Health Net to Neutral and price target set to $25 from $20. The 52-week trading range for HNT is $9.87 - $23.79. Sanderson Farms, Inc. (NASDAQ: SAFM)(...
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Jim Cramer Is Bullish On UBSI, TRA, NITE, PFE, THS, JPM, BMY
Thursday, December 10, 2009 - 3:59pm | 292CNBC's Mad Money Jim Cramer said on Wednesday, in the segment of his show called Lightning Round, that United Bankshares, Inc. (NASDAQ: UBSI)(FREE stock trend analysis) is a buy. He finds that United Bankshares (UBSI)(FREE stock trend analysis) is a strong bank. UPSI is up 1.19% today. Cramer also...
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Company News for December 10, 2009 - Corporate Summary
Thursday, December 10, 2009 - 10:26am | 255• Costco (NASDAQ:COST) reported inline earnings and revenue results this morning. The company reported first-quarter earnings of 60 cents a share, inline with analysts' consensus views as well as prior year results, despite the 1% increase in outstanding shares. Revenues climbed 5.5% to $17.3...
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Benzinga's Earnings Preview (SFD, CPII, NSM, CIEN, ESL, WEDC)
Thursday, December 10, 2009 - 5:46am | 185Smithfield Foods, Inc. (NYSE: SFD) is expected to report fourth-quarter loss of 39 cents a share on revenue of $2.71 billion. Wednesday, SFD closed at $16.86. CPI International, Inc. (NASDAQ: CPII) is projected to report fiscal fourth-quarter earnings of 26 cents a share on $87.23 million of...
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Hershey Close To Decision On Cadbury Bid
Thursday, December 10, 2009 - 3:21am | 127Hershey (NYSE: HSY) is close to making a decision on whether to make a competing bid to Kraft's (NYSE: KFT) $16.5 billion offer for Cadbury (NYSE: CBY), according to a report in the Wall Street Journal. The key issue appears to be Hershey's credit rating, which S&P currently rates as investment...
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Sanderson Farms (SAFM) Shows Impressive Growth
Wednesday, December 9, 2009 - 11:46am | 165Sanderson Farms (NASDAQ: SAFM) posted a robust Q4Y09 earnings report. It beat the Bloomberg consensus estimate by $0.04 at $0.96. Consequently, JPMorgan (NYSE: JPM) has raised its target price for Sanderson Farms to $49 from $45. Stock reacted well to this news and gained 3.4%. However, JPM still...