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Initiating Spherix: Outperform - Analyst Blog
Tuesday, February 9, 2010 - 12:51pm | 884We are initiating coverage of Spherix, Inc. (SPEX) with an Outperform rating and price target of $3.50 per share. We are optimistic about D-tagatose, a functional sweetener and a naturally occurring L-epimer of D-Fructose currently under phase III development for the treatment of type 2 diabetes. D...
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Benzinga’s Top Upgrades (IR, ADCT, UPS, CSX, SWIR, SE)
Tuesday, February 9, 2010 - 10:54am | 206Ingersoll-Rand (NYSE: IR) has been upgraded by Morgan Stanley from “underweight” to “equal weight.” IR’s last close was at $32.88, while its 52-week range is $11.46 - $37.86. Analysts at CL King upgraded ADC Telecomm (NASDAQ: ADCT) from “accumulate” to “strong buy.” ADCT’s stock has jumped 52.84%...
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Benzinga’s Volume Movers (SIRO, CFSG, RVBD, OPNT, CAGC)
Monday, February 8, 2010 - 4:06pm | 222Sirona Dental Systems, Inc (NASDAQ: SIRO) shares climbed 8.39% to $34.22. The volume of SIRO shares traded was 427% higher than normal. SIRO posted impressive profits for 1Q. China Fire & Security Group, Inc (NASDAQ: CFSG) shares jumped 20.65% to $14.55. The volume of CFSG shares traded was 410...
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Benzinga’s Top Pre-Market Gainers (SNA, BKC, HDNG, AFFX, CYCC, KLIC, ENTG)
Thursday, February 4, 2010 - 9:32am | 516Snap-on Incorporated (NYSE: SNA) increased 4.82% to $45 in the pre-market session. Snap-on Incorporated reported today a fourth-quarter net earnings of $36.6 million, or $0.63 per share, as compared to $58.6 million, or $1.01 per share, in the year-ago period. Net sales declined to $618.1 million...
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Benzinga’s Earnings Roundup (WWW, TMO, TWX, IP, AOL, PFE, ITT, BDK)
Wednesday, February 3, 2010 - 9:07am | 654Wolverine World Wide, Inc. (NYSE: WWW) reported today a fourth-quarter net profit of $16.7 million, or $0.33 per share, as compared to $24.1 million, or $0.49 per share, for the same quarter last year. Revenue declined 9.7% to $312.5 million for the quarter. Analysts had expected Wolverine World...
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Earnings Round-Up for Companies Reporting Before The Bell on February 3 (BDK, CSL, PFE, CMCSA, ENB, HNI, ITT, IP, LAZ, RL, TWX, UMC)
Wednesday, February 3, 2010 - 5:44am | 457Black & Decker (NYSE: BDK): The power tools manufacturer is seen posting $0.76 in EPS on revenues of $1.2 billion. The consensus represents a year-over-year decline in earnings and revenues. Carlisle Companies (NYSE: CSL): Wall Street expects the construction materials manufacturer to earn $0....
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Earnings Preview: ITT Corporation (ITT)
Wednesday, February 3, 2010 - 3:28am | 64ITT Corporation (NYSE: ITT) will report fourth quarter (2009) earnings at noon EST on Wednesday. The consensus EPS estimate is a profit of $0.93, up somewhat from the profit of $0.82 per share in the same quarter a year earlier. ITT Corporation has topped estimates in each of its last four quarters...
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Dower Corp. (DOV) Beats Street Estimates In Topline And Bottomline
Friday, January 29, 2010 - 2:59pm | 86Dower Corp. (NYSE: DOV) posted fourth quarter net earnings at $99 million or $0.53 per share, much better than analyst estimates of $0.49. On a year on year basis, profit was down from $120.7 million or $0.65 per share. Revenue from continuing operation at $1.5 billion also beat analyst estimates...
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Company News for January 29, 2010 - Corporate Summary
Friday, January 29, 2010 - 10:28am | 172• Honeywell (NYSE:HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40 • Dover (NYSE:DOV) reported estimate-topping fourth quarter earnings of 55...
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Benzinga’s Earnings Roundup (NWL, ALV, MAT, HON, DOV)
Friday, January 29, 2010 - 8:53am | 389Newell Rubbermaid Inc. (NYSE: NWL) reported today a fourth-quarter profit of $60.6 million, or $0.20 per share, from a loss of $256.7 million in the year ago period. Sales declined 2% to $1.42 billion. Newell Rubbermaid expects 2010 earnings per share to be in the range of $1.35 - $1.45. Analysts...
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Earnings Roundup of Companies Reporting Today (CVX, FO, HON, MAT, NWL, DOV)
Friday, January 29, 2010 - 7:44am | 310The companies reporting before the bell are: Chevron (NYSE: CVX): Analysts forecast the energy company to post earnings of $1.70 a share on revenues of $40.45 billion. This reflects an 11% downturn in revenues from the year-ago period. Read more about this company here. Fortune Brands (NYSE:...
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Benzinga’s Top Upgrades (BA, CME, NBR, NFLX, ITW)
Thursday, January 28, 2010 - 10:41am | 275The Boeing Company (NYSE: BA) was upgraded today by Broadpoint AmTech Research from Neutral to Buy with a price target of $76. The Boeing Company is now trading at $61.70, 0.40% down in the morning trading hours. The Boeing closed at $61.93 in the previous trading session. In the last year, BA has...
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Barclays Gives Equal Weight To ITW
Thursday, January 28, 2010 - 10:18am | 37Barclays upgraded Illinois Tool Works (NYSE: ITW) from “underweight” to “equal weight.” The target price for ITW is set to $48. ITW was trading at $43.99 at yesterday’s closing time.
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CMCO to post inline results for 3Q10
Wednesday, January 27, 2010 - 1:23pm | 168Analysts at CL King maintain their "accumulate" rating on Columbus McKinnon Corporation (NASDAQ: CMCO). The target price for CMCO is set to $18. Columbus McKinnon is scheduled to report its 3Q10 earnings on January 18. “We expect CMCO to report adjusted EPS, excluding restructuring charges, of $0....
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Benzinga’s Top Upgrades (LTD, ETN, NVLS, DIOD, STT)
Tuesday, January 26, 2010 - 10:23am | 282Limited Brands, Inc. (NYSE: LTD) was upgraded today by BMO Capital Markets from Market Perform to Outperform with a price target of $25. Limited Brands closed at $18.60 in the previous trading session. In the last year, LTD has gained over 117%. The 52 week trading range for LTD is $5.98 - $20.90...