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UPDATE: J.P. Morgan Raising Price Target On MasterCard (MA)
Wednesday, May 4, 2011 - 8:52am | 134J.P. Morgan Chase & Co. is raising its price target on shares of MasterCard (NYSE: MA) to $330 from $285, and it has a Overweight rating on shares. In a note to investors, J.P. Morgan writes, "Yesterday, MasterCard reported strong, clean 1Q11 results of $4.29, exceeding JPM/Street estimates of...
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JP Morgan Comments On CSG Systems Following Recent Earnings Release
Wednesday, May 4, 2011 - 8:23am | 223CSG Systems (NASDAQ: CSGS) reported Revenue/ Non-GAAP EPS of $183.1M/$0.54 compared to JP Morgan's estimates of $181.3M/$0.54 and consensus of $186.4M/$0.54. The quarter had two months of the new pricing for Dish. Dish was 13% of total revenue or about $23.8M down from $26.4M last quarter. JP...
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JP Morgan Raises PT On MasterCard To $330
Wednesday, May 4, 2011 - 7:48am | 26JP Morgan has raised the price target on MasterCard (NYSE: MA) from $285 to $330 and maintains its Overweight rating.
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Wright Express Guides FY 2011 EPS $3.40-$3.60 (WSX)
Wednesday, May 4, 2011 - 7:38am | 16Wright Express (NYSE: WXS) Guides FY 2011 EPS $3.40-$3.60
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Wright Express Reports EPS of $0.75 vs. $0.69 Estimate; Revenues $120.1M vs. $117M Estimate
Wednesday, May 4, 2011 - 7:35am | 22Wright Express (NYSE: WXS) Reports EPS of $0.75 vs. $0.69 Estimate; Revenues $120.1M vs. $117M Estimate
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Heartland Payment Systems Reports EPS of $0.20 vs. $0.15 Estimate; Revenues $467.6M vs. $110.8M Estimate (HPY)
Wednesday, May 4, 2011 - 7:34am | 23Heartland Payment Systems (NYSE: HPY) Reports EPS of $0.20 vs. $0.15 Estimate; Revenues $467.6M vs. $110.8M Estimate
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US Stock Futures Up As Investors Await Time Warner, Kellogg Earnings; Las Vegas Sands Shares Drop In Pre-Market Trading
Wednesday, May 4, 2011 - 6:21am | 635US stock futures are slightly higher this morning, as investors are awaiting earnings reports from Time Warner Inc (NYSE: TWX) and Kellogg Co (NYSE: K). Futures on the Dow Jones Industrial Average gained 20 points to 12,769.00 and futures on the S&P 500 stock index rose 1.80 points to 1,353.90...
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Earnings Scheduled For May 4 (PCG, WFMI, TWX, BUD, MET, MGM, ERTS, AOL, RIG, AGN, JDSU, NWSA, TSLA, ACE, GG, CSC, K, KKR, BMC, MMC, PRU, RRD, VG)
Wednesday, May 4, 2011 - 2:20am | 597PG&E Corp (NYSE: PCG) is expected to post its Q1 earnings at $0.81 per share on revenue of $3.59 billion. Whole Foods Market Inc (NASDAQ: WFMI) is estimated to post its Q2 EPS at $0.46 on revenue of $2.37 billion. Time Warner Inc (NYSE: TWX) is projected to report its Q1 EPS at $0.57 on...
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Convergys Corp Reports EPS of $0.24 vs. $0.24 Estimate; Revenues $545M vs. $546.74M Estimate
Tuesday, May 3, 2011 - 4:27pm | 22Convergys Corp (NYSE: CVG) Reports EPS of $0.24 vs. $0.24 Estimate; Revenues $545M vs. $546.74M Estimate
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CSG Systems Reports EPS of $0.54 vs. $0.54 Estimate; Revenues $183.1M vs. $186.39M Estimate (CSGS)
Tuesday, May 3, 2011 - 4:06pm | 22CSG Systems (NASDAQ: CSGS) Reports EPS of $0.54 vs. $0.54 Estimate; Revenues $183.1M vs. $186.39M Estimate
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Paychex Acquires ePlan Services
Tuesday, May 3, 2011 - 11:15am | 50Paychex, Inc. (NASDAQ: PAYX) today announced it has completed the acquisition of ePlan Services, Inc., a provider of recordkeeping and administrative solutions to the defined contribution marketplace. ePlan Services, a privately held company founded in 1999, serves nearly 4,000 401(k) plans in all...
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Morning Market Losers (PRXL, CSC, RIC, PFED)
Tuesday, May 3, 2011 - 10:01am | 110PAREXEL International Corporation (NASDAQ: PRXL) fell 17.69% to $22.24 at 10:00 am. PRXL lowered its profit and revenue guidance for fiscal 2011. Computer Sciences Corporation (NYSE: CSC) shares dropped 13.57% to $43.69. CSC lowered its 2011 profit projections for the second time in three months...
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J.P. Morgan Maintains Overweight on MasterCard (MA)
Tuesday, May 3, 2011 - 9:29am | 100J.P. Morgan is out with its report today on MasterCard (NYSE: MA), maintaining Overweight. In a note to clients, J.P. Morgan writes, "This morning, MasterCard reported strong 1Q11 results of $4.29, exceeding JPM/Street estimates of $4.09 on revenue upside. EPS upside versus our model, as expected...
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TSYS Expands Share Repurchase Plan to up to 15M Shares
Tuesday, May 3, 2011 - 9:18am | 100TSYS (NYSE: TSS) today announced that its Board of Directors has approved increasing the number of shares that may be repurchased under its current share repurchase plan from up to 10 million shares to up to 15 million shares. With the increase, TSYS has 9.9 million shares available to be...
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JP Morgan Comments On Computer Sciences Following Negative Earnings Preannouncement
Tuesday, May 3, 2011 - 8:54am | 200JP Morgan continues to on the sidelines with a Neutral rating. Computer Sciences (NYSE: CSC) preannounced its FY11 results, with all headline numbers now expected to be lower than the company's previous estimate. It expects a negative stock price reaction in mid-single digits, but it hoping the...