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Goldman Sachs Updates Its Estimates On Medtronic
Tuesday, February 8, 2011 - 10:25am | 68Due to lower assumptions on ex-US ICD industry market growth, Goldman Sachs has updated its FY2011-2013 EPS estimates on Medtronic (NYSE: MDT) to $3.38/$3.63/$3.95 from $3.39/$3.63/$3.96. It does not view these changes as material, and there is no change to the investment thesis, rating or price...
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Jefferies Maintaining Buy On Becton, Dickinson (BDX)
Tuesday, February 8, 2011 - 8:20am | 185Jefferies & Co. has a Buy rating and a $96 price target on shares of Becton, Dickinson and Co. (NYSE: BDX) after the company reported better than expected earnings. In a note to investors, Jefferies writes, "1Q11 EPS $0.06 ahead of consensus. BDX's fiscal-1Q11 (Dec) EPS of $1.35 exceeded our...
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Steris Profits Fall, Misses Estimates (STE)
Tuesday, February 8, 2011 - 8:16am | 183Mentor, Ohio-based Steris Corporation (NYSE: STE) released financial results on Tuesday morning that missed Wall Street estimates. Steris Corporation announced that its 3rd quarter net income fell to $34.1 million, or 57 cents per share, down from net income of $41.0 million, or 69 cents per share...
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Steris Reports Q3 EPS of $0.57
Tuesday, February 8, 2011 - 8:07am | 55Steris Corp (NYSE: STE) reports its Q3 EPS at $0.57, versus the consensus of $0.58. STE reports its Q3 revenue at $328.3 million, versus the consensus of $331.02 million. STE shares gained 1.27% to close at $35.75 yesterday. Read more from Benzinga's Company news.
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Mad Money Lightning Round: Cramer Likes Tiffany & Co (VALE, TIF, MOTR, CRUS, ARMH, LVS, DCTH, PCAR, CMI)
Tuesday, February 8, 2011 - 5:30am | 251On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he “really likes Vale (NYSE: VALE).” He added, “I think this is one of the most undervalued commodity play." For Tiffany & Co (NYSE: TIF), he said, "What's there to be a bear about? I think the stock could go substantially...
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Notable Weakness in Small Caps 02-07-2011
Monday, February 7, 2011 - 7:26pm | 884Cusick's Corner This market continued to hold up into the close with most of the major averages closing near the highs. However, there was some notable weakness in the Small Caps, IWM, which is a development to keep an eye on. I have referred to these high beta Small Caps as the proverbial canary...
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BD Reports Q1 EPS of $1.35 vs. $1.29
Monday, February 7, 2011 - 5:19pm | 112BD (Becton, Dickinson and Company) (NYSE: BDX) today reported quarterly revenues of $1.842 billion for the first fiscal quarter ended December 31, 2010, representing a decrease of 1.4 percent from the prior-year period. On a foreign currency-neutral basis, revenue decreased 1.5 percent. The...
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BD to Acquire Accuri Cytometers
Monday, February 7, 2011 - 5:09pm | 66BD (NYSE: BDX) announced today that it signed a definitive agreement to acquire Accuri Cytometers, Inc., an Ann Arbor, Michigan-based company that develops and manufactures personal flow cytometers for researchers. The acquisition is subject to regulatory approvals and is expected to close during...
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BD Announces Results For 2011 First Fiscal Quarter: EPS of $0.07
Monday, February 7, 2011 - 5:08pm | 170BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today reported quarterly revenues of $1.842 billion for the first fiscal quarter ended December 31, 2010, representing a decrease of 1.4 percent from the prior-year period. On a foreign currency-neutral...
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Misonix Completes Product Registrations in Key Latin American Markets
Monday, February 7, 2011 - 4:22pm | 87Misonix, Inc. (Nasdaq: MSON), announced the completion of product registrations in Argentina, Brazil, Colombia and Peru. Open market sales via exclusive distributors have commenced in these Latin American countries. In Argentina, the BoneScalpel™ Ultrasonic Bone Cutting System and the SonaStar®...
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Oil Under Pressure 02-07-2011
Monday, February 7, 2011 - 3:50pm | 936Cusick's Corner What a weekend -- the title is back in the rightful city Green Bay (yes, I am a Packer fan)! There was no denying the 6th seed, they found a way to win on the road against all odds, not listening to the pundits or crying about their injuries (3 starters out in the first half of...
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Puts Purchased on MAKO Surgical Corp. (MAKO)
Monday, February 7, 2011 - 1:46pm | 140Shares of MAKO Surgical Corp. (NASDAQ: MAKO) are higher on the session by 1.84%, currently trading at $16.06. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today....
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Just Another Merger Monday (ESV, PFE, AOL, CTAS, BEC, WSC, BRK-B)
Monday, February 7, 2011 - 12:47pm | 570Merger Monday's like today are what propel the equity markets higher. The flurry of action we've seen today show that corporate deal making is alive and well, despite most of us having a hangover from our Super Bowl parties last night. Precisely at 12:01 a.m. this morning, AOL (NYSE: AOL)...
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Options Brief: Baxter International Inc. (BAX)
Monday, February 7, 2011 - 11:47am | 87Shares of Baxter International Inc. (NYSE: BAX) are higher on the session by 0.80%, trading at $48.91. Overall call volume is now running at 7.04x the daily average, with 21% of all calls traded being purchases on the offer. 26,822 contracts have traded on the session so far. Baxter International...
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Benzinga's Volume Movers (DBLE, CCME, ARAY, SGI)
Monday, February 7, 2011 - 11:36am | 166Double Eagle Petroleum Company (NASDAQ: DBLE) shares moved up 8.25% to $11.41 at 10:35 am. The volume of DBLE shares traded was 761% higher than normal. DBLE's shares have surged 148.59% over the past 52 weeks, while the S&P 500 index has gained 22.95% in the same period. China MediaExpress...