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Company News for February 02, 2011 - Corporate Summary
Wednesday, February 2, 2011 - 10:52am | 797• Corinthian Colleges (NASDAQ:COCO) reported Q2 EPS of $0.23, missing the Zacks Consensus Estimate by a penny. Revenues for the quarter rose 16.5% year-over-year to $482.8 million, well ahead of the Zacks Consensus Estimate of $463 million • Cummins (NYSE:CMI) reported Q4 EPS of $1.84, above the...
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Stock Market News for Feb 02, 2011 - Market News
Wednesday, February 2, 2011 - 10:52am | 1424Markets rose to fresh new highs as positive economic data and strong earnings results from energy stocks led the rally. The Dow closed above the 12,000 mark for the first time since June 2008 thanks to strong gains by Exxon Mobil (NYSE:XOM), Alcoa (NYSE:AA) and Pfizer (NYSE:PFE). The blue-chip...
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Stock Market News for Feb 02, 2011 - Market News
Wednesday, February 2, 2011 - 10:22am | 1424Markets rose to fresh new highs as positive economic data and strong earnings results from energy stocks led the rally. The Dow closed above the 12,000 mark for the first time since June 2008 thanks to strong gains by Exxon Mobil (NYSE:XOM), Alcoa (NYSE:AA) and Pfizer (NYSE:PFE). The blue-chip...
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Company News for February 02, 2011 - Corporate Summary
Wednesday, February 2, 2011 - 10:15am | 797• Corinthian Colleges (NASDAQ:COCO) reported Q2 EPS of $0.23, missing the Zacks Consensus Estimate by a penny. Revenues for the quarter rose 16.5% year-over-year to $482.8 million, well ahead of the Zacks Consensus Estimate of $463 million • Cummins (NYSE:CMI) reported Q4 EPS of $1.84, above the...
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J.P. Morgan Maintains MEMC Electronic Materials Underweight Rating, $9.50 PT (WFR)
Wednesday, February 2, 2011 - 9:48am | 191J.P. Morgan maintained its MEMC Electronic Materials (NYSE: WFR) Underweight rating at $9.50 price target in a research report published today. In the report, J.P. Morgan states, "Despite better than expected volumes, we believe MEMC will continue to see meaningful margin headwinds in 2011,...
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MEMC Electronic Material Still Atop Citi's Top Picks List Following Earnings Results
Wednesday, February 2, 2011 - 8:52am | 214Since the addition to Citi's Top Picks Live, Citi has been building a case that 2011 would be the first year where MEMC Electronic Material's (NYSE: WFR) estimate revisions finally start moving higher. While this remains a complex model and CQ4 headline EPS was lower than expected due to pricing on...
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ATMI Reports Mixed Results (ATMI)
Wednesday, February 2, 2011 - 8:07am | 168Danbury, Connecticut-based ATMI Inc. (Nasdaq: ATMI) released financial results on Wednesday morning. ATMI Inc announced that its 4th quarter net income climbed to $13.8 million, or 43 cents per share, up from $7.0 million, or 22 cents per share, a year earlier. Excluding special items, the company...
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Needham Ups LTXC To Buy
Wednesday, February 2, 2011 - 7:53am | 47Analysts at Needham upgrade LTX-Credence Corporation (NASDAQ: LTXC) from “hold” to “buy.” The target price for LTXC is set to $12. LTXC shares gained 2.88% to close at $9.12 yesterday. More Analyst Ratings here
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Varian Beats on Revenue Growth - Analyst Blog
Tuesday, February 1, 2011 - 7:01pm | 655Varian Semiconductor Inc. (VSEA) reported first quarter 2011 earnings per share (EPS) of 95 cents, fairly beating the Zacks Consensus Estimate of 87 cents. The quarter's results were significantly higher than the year-ago quarter and the company's guided range of 84–89 cents, attributable to...
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Benzinga's Top ETF Decliners, February 1st (SOXS, EDZ, DPK, TZA)
Tuesday, February 1, 2011 - 6:40pm | 195Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) fell 7.52% today, and closed at $11.48. In the semiconductor space, Novellus Systems, Inc. (NASDAQ: NVLS) gained 5.74%, and closed at $38.14. Direxion Daily Emerging Markets Bear 3x Shares (ETF) (NYSE: EDZ) dropped 7.34%, and closed at $20.83...
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Benzinga's Top ETF Gainers, February 1st (SOXL, TNA, EDC, CZM)
Tuesday, February 1, 2011 - 6:27pm | 222Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) jumped 7.24% on Tuesday, as Advanced Micro Devices, Inc. (NYSE: AMD) gained 4.98%. Novellus Systems, Inc. (NASDAQ: NVLS) spiked 5.74%, and Texas Instruments Incorporated (NYSE: TXN) added 3.21%. Direxion Daily Small Cap Bull 3X Shares(ETF) (...
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Varian Beats on Revenue Growth - Analyst Blog
Tuesday, February 1, 2011 - 6:15pm | 655Varian Semiconductor Inc. (VSEA) reported first quarter 2011 earnings per share (EPS) of 95 cents, fairly beating the Zacks Consensus Estimate of 87 cents. The quarter's results were significantly higher than the year-ago quarter and the company's guided range of 84–89 cents, attributable to...
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Amtech to Acquire Controlling Interest in Ion Implant Technology Company Based in China
Tuesday, February 1, 2011 - 5:45pm | 54Amtech Systems, Inc. (NASDAQ: ASYS) today announced it has entered into an agreement to acquire a controlling interest in a China-based ion implant technology company located in Shanghai, China. The acquisition is expected to close in February 2011, subject to compliance with formal Hong Kong...
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MEMC Reports Q4 EPS of $.25 vs. $.32
Tuesday, February 1, 2011 - 5:44pm | 152MEMC Electronic Materials, Inc. (NYSE: WFR) today announced financial results for the fourth quarter and full year 2010. GAAP net sales for the quarter were $850.1 million, an increase of 69% from $503.1 million in the third quarter of 2010 and an increase of 138% from $356.7 million in the...
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PEG Ratio vs. P/E - Screen of the Week
Tuesday, February 1, 2011 - 2:31pm | 229Kevin Matras talks about the PEG Ratio and explains how to use it for finding undervalued companies. Highlighted stocks include AVT, BTU, CSX, SOL and TD. AVNET (AVT): Free Stock Analysis Report PEABODY ENERGY (BTU): Free Stock Analysis Report CSX CORP (CSX): Free Stock Analysis Report RENESOLA LT-...