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Stocks To Watch For May 26
Thursday, May 26, 2011 - 12:13am | 293Some of the stocks that may grab investor focus today are: Wall Street expects Tiffany & Co (NYSE: TIF) to report its Q1 EPS at $0.57 on revenue of $703.32 million. TIF shares surged 4.23% to $73.00 in after-hours trading. Guess? Inc (NYSE: GES) reported upbeat results for its fiscal first-...
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Computer Sciences Corporation Dives in the After-Hours
Wednesday, May 25, 2011 - 4:18pm | 206Shares of Computer Sciences Corporation (NYSE: CSC) are falling in the after-hours trade following the release of its preliminary Q4 earnings results. Currently, shares are lower by 5.62%, trading at $41.61; they closed the regular session higher by 1.36%, at $44.09. Computer Sciences Corporation...
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Fiserv Announces New Share Repurchase Authorization of 7.5M Shares
Wednesday, May 25, 2011 - 4:17pm | 40Fiserv, Inc. (NASDAQ: FISV) today announced that its Board of Directors has authorized it to repurchase up to 7.5 million shares of the company's common stock, or approximately 5 percent of its outstanding shares.
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UPDATE: SEC Seeks Additional Information Regarding Accounting Errors with Computer Sciences
Wednesday, May 25, 2011 - 4:14pm | 24Computer Sciences (NASDAQ: CSC) has delayed its 10-K filing, in part, due to the government probe.
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Authority Market Sentiment Survey Demonstrates Independent Business Owners Have a Lack of Understanding of Cloud Computing Benefits
Wednesday, May 25, 2011 - 9:44am | 295Newtek Business Services, (NASDAQ: NEWT) announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of approximately 1,800 respondents, one of the key findings from May's survey was small business...
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Earnings Roundup For May 25
Wednesday, May 25, 2011 - 8:54am | 863Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion...
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UPDATE: Suntech Reports 54% Rise In Q1 Profit, Lowers Revenue Forecast
Wednesday, May 25, 2011 - 7:05am | 103Suntech Power Holdings Co Ltd (NYSE: STP) reported a 54% surge in its first-quarter profit, but lowered its full-year revenue projections. STP reported its quarterly net income at $31.9 million, or $0.17 per American Depository Share (ADS), up from $20.7 million, or $0.11 per ADS, in the year-ago...
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US Stock Futures Slightly Down Ahead Of Durable-Goods Data, Applied Materials Shares Down In Pre-Market Trading
Wednesday, May 25, 2011 - 6:27am | 583US stock futures are slightly lower this morning, as investors are awaiting durable-goods data. Shares of Applied Materials Inc (NASDAQ: AMAT) dropped in pre-market trading after the company issued a disappointing forecast. Futures on the Dow Jones Industrial Average dropped 14 points to 12,313.00...
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Earnings Scheduled For May 25
Wednesday, May 25, 2011 - 1:29am | 424Polo Ralph Lauren Corp (NYSE: RL) is expected to post its Q4 earnings at $0.79 per share on revenue of $1.39 billion. Hormel Foods Corp (NYSE: HRL) is estimated to report its Q2 earnings at $0.40 per share on revenue of $1.82 billion. Netapp Inc (NASDAQ: NTAP) is estimated to post its Q4 EPS at...
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VeriFone to Acquire Destiny Electronic Commerce; Terms Not Disclosed
Tuesday, May 24, 2011 - 4:02pm | 39VeriFone Systems, Inc. (NYSE: PAY), today announced it has reached a definitive agreement to acquire Destiny Electronic Commerce Ltd., a South Africa-based electronic payments solutions provider. Financial terms were not disclosed.
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Credit Card Stocks Mixed As Late Payments Continue To Drop
Tuesday, May 24, 2011 - 1:26pm | 143According to TransUnion, the credit reporting agency, late payments on credit cards are the lowest they have been since last century. Despite this seemingly good news, credit card stocks are mixed. Payments that were 90 days or more past due fell bank-issued cards, and dropped to 0.74%, after...
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Computer Sciences Earnings Preview
Tuesday, May 24, 2011 - 9:19am | 294Computer Sciences (NYSE: CSC) will be reporting its fiscal fourth-quarter 2011 results Wednesday, May 25, after the closing bell. Analysts are looking for the technology services provider to post earnings of $1.16 per share on revenue of $4.2 billion. That compares to $1.66 per share and $4.2...
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Morgan Stanley Overweight On Visa
Tuesday, May 24, 2011 - 7:43am | 149Morgan Stanley has an Overweight rating and a $105 price target on shares of Visa (NYSE: V). In a note to clients, Morgan Stanley writes, "We recently had several meetings with V's senior management team, which reinforced our conviction that it remains unwavering in its commitment to tackle...
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Alliance Data Signs Long-Term Extension Agreement With Limited Brands' Victoria's Secret
Tuesday, May 24, 2011 - 7:30am | 49Alliance Data Systems Corporation (NYSE: ADS) today announced it has signed a long-term extension agreement with Victoria's Secret, a subsidiary of Limited Brands, Inc. (NYSE: LTD) , to provide private label credit card services.
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Square Launches Cash Register Killer
Monday, May 23, 2011 - 1:33pm | 164At TechCrunch Disrupt, payments processor Square has just announced what many are calling the "cash register killer." The company, led by CEO Jack Dorsey, just announced Square Register, which will replace those bulky and expense cash registers and point of sale terminals. The company is also...