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Acadia Gets Pimavanserin Back - Analyst Blog
Thursday, October 28, 2010 - 1:03pm | 731This morning, Acadia Pharmaceuticals (ACAD) announced that it has entered into an agreement with Biovail Labs (BLS), a wholly owned subsidiary of Valeant Pharmaceuticals International, to conclude the previously established collaboration to develop and commercialize pimavanserin in the U.S. and...
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Despite Solid Quarter, Citigroup Makes No Changes To Its 2011/2012 Estimates of Visa
Thursday, October 28, 2010 - 10:55am | 92Citigroup reports that Visa, Inc. (NYSE: V) had a solid quarter, particularly given the cost that goes with a large contract renewal. “However, we expect the stock to give back some of the recent gains as the market is use to outsized beats,” Citigroup writes. “We see risk to the stock around the...
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First Data and VeriFone Collaborate on Data Security
Thursday, October 28, 2010 - 10:16am | 165First Data Corporation and VeriFone Systems, Inc. (NYSE: PAY), today announced the companies are working together to offer a VeriFone edition of the First Data® TransArmorSM solution to U.S. multi-lane and petroleum merchants. This will enable businesses using VeriFone's MX 800 series of devices,...
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Company News for October 28, 2010 - Corporate Summary
Thursday, October 28, 2010 - 10:03am | 791• Visa (NYSE: V) posted inline fiscal fourth quarter results of $0.95 on revenues of $2.12 billion up from Zacks projections of $2.08 billion • Las Vegas Sands (NYSE: LVS) reported estimate-topping third quarter results of $0.34, ahead of Zacks estimates of $0.23, on revenues of $1.91 billion that...
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Citigroup Raises Automatic Data Processing Estimates And PT
Thursday, October 28, 2010 - 9:14am | 81Automatic Data Processing, Inc.'s (NASDAQ: ADP) 1Q11 results were “solidly ahead of our estimates,” Citigroup reports. ADP's revenue growth and underlying metrics are improving. “We are raising our estimates and our price target goes to $48. Buy ADP,” Citigroup writes. “ADP's top-line growth has...
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Visa In Line with Zacks Est. - Analyst Blog
Thursday, October 28, 2010 - 9:03am | 1046Yesterday, Visa Inc.'s (V) fiscal fourth quarter 2010 (ended September 30, 2010) operating earnings of 95 cents per Class A common share were in line with the Zacks Consensus Estimate but came in substantially ahead of 74 cents reported the year-ago quarter on lower share count. Visa's GAAP net...
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Genpact Adjusts Costs To Suit Margins
Thursday, October 28, 2010 - 7:43am | 151Genpact Limited (NYSE: G) reported a significant revenue miss in its 3Q and as a result, management has realigned costs to better fit margins, according to Citigroup. In the report, Citigroup writes "Weak Global Client revenue drove a big revenue miss, while GE sales showed solid y/y growth...
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Stocks To Watch For October 28 (LVS, MSFT, V, MOT, MFE)
Thursday, October 28, 2010 - 3:56am | 189Some of the stocks that may grab the investor focus today are: Las Vegas Sands Corp (NYSE: LVS) swung to a quarterly profit of $0.34 per share on an adjusted basis. The company posted upbeat quarterly earnings. LVS shares jumped 10.67% to $45.44 in after-hours trading. Wall Street expects Microsoft...
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Decent 3Q for DST Systems - Analyst Blog
Wednesday, October 27, 2010 - 7:48pm | 932DST Systems Inc. (DST) posted decent third quarter earnings per share (EPS) of $1.03, beating the Zacks Consensus Estimate of $1.01. The quarter's EPS of $1.03 excludes a contract termination payment gain net of related expenses, termination benefit expenses related to a reduction in the...
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Fidelity Beats by a Penny - Analyst Blog
Wednesday, October 27, 2010 - 4:33pm | 923A leading provider of banking and payment technology to financial institutions and government organizations, Fidelity National Information Services Inc. (FIS) reported third quarter 2010 earnings result that beat the Zacks Consensus Estimate of 51 cents by a penny, mainly attributable to growth...
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Visa Falling After Earnings Report (V)
Wednesday, October 27, 2010 - 4:29pm | 86Visa (NYSE: V) released its fourth-quarter earnings results after the closing bell on Wednesday. The company reported adjusted earnings of $695 million, or $0.95 per share, compared to EPS of $0.74 in the year ago period. This compares with Wall Street analysts' consensus EPS estimates of $0.94 per...
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Visa Reports Inline, Raises Dividend And Announced Buyback (V)
Wednesday, October 27, 2010 - 4:09pm | 48Visa, Inc. (NYSE: V) reports Q3 earnings of $0.95 versus consensus of $0.95. Visa, Inc. reports revenues of $2.09 billion versus consensus of $2.09 billion. Visa also raised its dividend by 20%, and announced a $1 billion buyback. Shares are up in after hours trading at $80.51.
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Visa Inc Authorizes New $1 Billion Share Repurchase
Wednesday, October 27, 2010 - 4:07pm | 15Visa Inc. (NYSE: V) announces $100M buyback.
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Visa Inc. Posts Strong Fiscal Fourth Quarter; EPS $.95
Wednesday, October 27, 2010 - 4:06pm | 102Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal fourth quarter and full-year 2010. For the fourth quarter ending September 30, 2010, GAAP net income was $774 million, an increase of 51% over the prior year. Diluted class A common stock earnings per share were $1.06,...
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Western Union Delivers Ahead - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 486Western Union Co.'s (WU) third quarter earnings came in at 37 cents per share, 3 cents ahead of the Zacks Consensus Estimate, benefiting from a strong margin improvement led by its Consumer-to-Consumer (C2C) segment. Earnings also compared favorably with 35 cents in the prior-year quarter....