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US Stock Futures Flat; Amazon Shares Rise In Pre-Market Trading
Wednesday, July 27, 2011 - 5:12am | 505US stock futures are flat this morning, amid concerns over sovereign debt. Shares of Amazon.com Inc (NASDAQ: AMZN) surged about 6% in pre-market trading after the company reported upbeat quarterly results. Futures for the Dow Jones Industrial Average gained 11 points to 12,443.00 and S&P 500...
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Earnings Scheduled For July 27
Wednesday, July 27, 2011 - 3:43am | 515Symantec Corporation (NASDAQ: SYMC) is expected to report its Q1 EPS at $0.37 on revenue of $1.59 billion. Corning Incorporated (NYSE: GLW) is projected to report its Q2 EPS at $0.47 on revenue of $1.96 billion. Visa Inc (NYSE: V) is projected to report its FQ3 EPS at $1.23 on revenue of $2.30...
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Options Brief: Solutia
Tuesday, July 26, 2011 - 9:13am | 105Shares of Solutia (NYSE: SOA) are higher on the session by 1.24%, trading at $22.10. Overall put volume is now running at 3.14x the daily average, with 7% of all puts traded being purchases on the offer. 2,114 contracts have traded on the session so far. Solutia Inc. is a global manufacturer of...
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Jefferies Comments On Solutia Q2 EPS
Tuesday, July 26, 2011 - 7:17am | 57According to Jefferies, Solutia (NYSE: SOA) adjusted Q2 EPS of $0.57 was $0.01 above consensus and $0.02 above estimate. Jefferies said that adjusted EBITDA of $141m, up 5% YoY, was $0.01/share below the forecast. “Solutia maintained its 2011 EPS range of $2.10-$2.25, including an $0.08 headwind...
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Final Countdown... 07-25-2011
Monday, July 25, 2011 - 5:52pm | 906Cusick's Corner Just like the infamous lyrics from the rock band Europe, "we are in the Final Countdown" and we have republicans and democrats making loop de loops while the Fed prepares to miss a payment, and at whose expense? Ours? Washington has one shot to get this right before they form a...
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Earnings Preview: Analysts Expect E.I. du Pont de Nemours & Company Revenue, Earnings to Dip from Previous Quarter
Monday, July 25, 2011 - 12:49pm | 581E.I. du Pont de Nemours & Company (NYSE: DD) releases its next round of earnings this Thursday, July 28, 2011. Here is Benzinga's everything-that-matters guide for this Thursday's second quarter earnings announcement. Earnings and Revenue: Analysts are predicting an EPS reading of $1.33...
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Puts Purchased on Solutia
Monday, July 25, 2011 - 9:34am | 142Shares of Solutia (NYSE: SOA) are lower on the session by 2.65%, currently trading at $22.00. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...
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DuPont Expands in Solar Energy with Acquisition of Innovalight
Monday, July 25, 2011 - 9:00am | 293DuPont (NYSE: DD) today announced that it has acquired Innovalight, Inc., a company specializing in advanced silicon inks and process technologies that increase the efficiency of crystalline silicon solar cells. The acquisition further strengthens DuPont's position as a clear leader in materials...
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Cabot to Expand Fumed Silica Capacity in Europe
Monday, July 25, 2011 - 8:08am | 93Cabot Corp. (NYSE: CBT) will expand production capacity by 25 percent at its fumed silica facility in Barry, Wales, company officials said today. The expansion is expected to be completed in 2012 and is part of a three-year plan to increase Cabot's global fumed metal oxide capacity by 35 to 40...
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Dow Chemical, Saudi Aramco Agree on Joint Venture
Monday, July 25, 2011 - 6:43am | 87Dow Chemical (NYSE: DOW) and the Saudi Arabian Oil Company have agreed to set up a joint venture to build a massive $20 billion chemical complex in the desert kingdom. The companies said Monday that work on the long-awaited Sadara Chemical Company venture will begin immediately. It should start...
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 8:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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Earnings Preview: Dow Chemical Company Revenue Expected to Rise from Previous Quarter
Friday, July 22, 2011 - 11:40am | 594Dow Chemical Company (NYSE: DOW) announces its next round of earnings this Wednesday, July 27, 2011. Here is Benzinga's everything-that-matters guide for this Wednesday's second quarter earnings announcement. Earnings and Revenue: Wall Street expects a EPS of 80 cents per share and revenues of $...
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Corning Earnings Preview: Analysts Expect Flat EPS, Rising Revenue Over Previous Quarter
Friday, July 22, 2011 - 11:40am | 574Corning (NYSE: GLW) announces its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's essential guide to Corning's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of 47 cents per share and revenues of $1.97 billion. Wall Street will be looking...
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Companies Trading Lower After Releasing Earnings
Friday, July 22, 2011 - 10:18am | 116Avid Tech (NASDAQ: AVID) is trading down over 20% after releasing Q2 earnings. StanCorp Financial Group (NYSE: SFG) is trading down over 14% after releasing Q2 earnings. AMCOL International (NYSE: ACO) is trading down nearly 13% after releasing Q2 earnings. Healthways (NASDAQ: HWAY) is trading...
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Bank of America Raises PO On PPG Industries To $109
Friday, July 22, 2011 - 5:58am | 28Bank of America has raised the price objective on PPG Industries (NYSE: PPG) from $108 to $109 and maintains its Neutral rating.