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Insider Weekends - July 30, 2010
Monday, August 2, 2010 - 2:49pm | 1152Welcome to the eighth edition of Insider Weekends. Insider buying rebounded last week with insiders purchasing $13.42 million of their stock last week when compared to just $3.4 million in the week prior. Selling picked up pace with insiders selling $498.22 million worth of stock. Sell/Buy Ratio:...
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Citigroup Maintains Buy Rating On AMP
Monday, August 2, 2010 - 9:57am | 82Analysts at Citigroup reiterated their Buy rating on shares of Ameriprise Financial (AMP) and kept the $50 price target intact. After a positive earnings report, Citigroup stated that "Improved earnings outlook reflects growing confidence in management’s ability to successfully leverage recent...
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Allianceberstein Misses Estimates (AB)
Monday, August 2, 2010 - 8:16am | 260Allianceberstein Holding L.P. (NYSE: AB) announced on Monday morning that it missed consensus Wall Street earnings and revenue estimates. Allianceberstein Holding L.P. (AB) reported that its 2nd quarter net income fell to $32.3 million, or 31 cents per share, down from $38.3 million, or 41 cents...
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State Street: Earnings Scorecard - Analyst Blog
Friday, July 30, 2010 - 6:42pm | 893State Street Corporation (STT) reported its second-quarter 2010 results on July 20. Operating earnings for the reported quarter were in line with the Zacks Consensus Estimate. However, investors were clearly not buoyant with these results. As a result, the share price plummeted following the...
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Ameriprise Financial Reports Strong Results (AMP)
Wednesday, July 28, 2010 - 4:19pm | 32Ameriprise Financial Inc. (NYSE: AMP) reports Q2 earnings of $0.98 versus estimates of $0.77. Ameriprise Financial Inc. reports Q2 revenues of $2.58 billion versus estimates of $2.32 billion.
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Ameriprise Financial Moving Higher After Earnings (AMP)
Wednesday, July 28, 2010 - 4:14pm | 136Ameriprise Financial (NYSE: AMP) reported net income of $259 million for the second quarter of 2010 compared to $95 million for the second quarter of 2009. Net income per diluted share for the second quarter of 2010 was $0.98 compared to $0.41 a year ago. This compares to Wall Street estimates of $...
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Cephalon Looks Cheap After Today's Sell Off (CEPH)
Wednesday, July 28, 2010 - 4:01pm | 130Yesterday after the close of trading, Cephalon (NASDAQ: CEPH) released its quarterly earnings numbers. The report was quite strong, except for Q3 revenue guidance was on the light side. It appears that this is the reason investors are selling the stock today. CEPH has fallen 8.52% to $57.54 on...
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Affiliated Managers’ 2011 EPS Guidance Seems Low
Wednesday, July 28, 2010 - 10:47am | 157Analysts at Citi maintain their “buy” rating on Affiliated Managers Group (NYSE: AMG). The target price for AMG is set to $100. AMG posted its Q2 EPS ahead of the estimates and the consensus primarily due to higher-than-anticipated performance fees. According to Citi, “2010 guidance cut from prior...
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News Summary (AAPL, SLM, GS)
Wednesday, July 28, 2010 - 10:39am | 226HTC has announced that it will soon introduce four smartphone models under its own name in China. The company aims to establish its brand in the world’s largest mobile market. Analysts feel that HTC is the prime beneficiary of the sluggish approach showed by Apple (NASDAQ: AAPL) in launching its...
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Strong Quarter for Cephalon - Analyst Blog
Wednesday, July 28, 2010 - 10:01am | 1172Cephalon Inc. (CEPH) delivered another strong quarter with second quarter earnings coming in at $2.05 per share, six cents above the Zacks Consensus Estimate and well above the year-ago earnings of $1.44 per share. We note that the Zacks Consensus Estimate had been revised recently following...
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Lundbeck Extends Enterprise Contract with Medidata Solutions
Wednesday, July 28, 2010 - 8:52am | 98Medidata Solutions (Nasdaq: MDSO) today announced that Denmark-based H. Lundbeck A/S has extended its agreement to use the Medidata Rave(R) electronic data capture (EDC) and clinical data management (CDM) platform for another multi-year period, building on the success of the relationship in the...
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Legg Mason’s Flow Trends Mixed, Restructuring On Track
Tuesday, July 27, 2010 - 10:27am | 191Analysts at Sterne Agee reiterate their "neutral" rating on Legg Mason Inc (NYSE: LM), while raising their estimates for the company. The target price for LM is set to $34. LM reported its Q1 earnings short of the estimates. Sterne Agee says, “Excluding closed end fund issuance costs and...
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LM Missed EPS Forecast Due To Higher Compensation Expense
Tuesday, July 27, 2010 - 10:25am | 103Analysts at Keefe Bruyette maintain their "outperform" rating on Legg Mason Inc (NYSE: LM), while reducing their estimates for the company. The target price for LM has been reduced to $37. According to Keefe Bruyette, “While revenues were slightly above forecast operating earnings below mainly due...
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Pritchard Equity Research Lowers Rating On EnerNoc To Neutral, Keeps Price Target (ENOC)
Tuesday, July 27, 2010 - 9:43am | 183Pritchard Equity Research is lowering its rating on EnerNoc, Inc (NASDAQ: ENOC) to Neutral after the company reported Q2 earnings yesterday. In the report, Pritchard Equity writes, "We believe weakness in the small commercial and industrial (C&I) customer base in eastern PJM will likely result...
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Legg Mason Shares Fall 3.2% After Hours (LM)
Monday, July 26, 2010 - 5:30pm | 151Baltimore, Maryland based asset management firm Legg Mason, Inc. (NYSE: LM) announced on Monday after the market closed that it missed consensus Wall Street earnings estimates, while beating revenue expectations. Legg Mason, Inc. (LM) reported that its fiscal 1st quarter net income fell 4% to $47.9...