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Morning News Summary for May 6, 2011
Friday, May 6, 2011 - 9:05am | 270Volatility in the commodities markets has taken center-stage in recent trading. A recent $5 drop in oil prices extended a 10% crash on speculation that global economic recovery will lower safe-haven demand. The improving economic outlook has pushed some investors to take profits in some of their...
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Benzinga's Top Pre-Market NASDAQ Losers (OMPI, TITN, PCLN, VOD)
Friday, May 6, 2011 - 8:21am | 133Obagi Medical Products Inc (NASDAQ: OMPI) dipped 27.13% to $9.40 in the pre-market session. On a GAAP basis, OMPI reported a Q1 net loss at $2.4 million, versus a net income of $1.9 million, in the year-ago period. Titan Machinery Inc (NASDAQ: TITN) fell 2.23% to $29.77 in the pre-market session....
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United States Cellular Reports EPS of $0.40 vs. $0.41 Estimate; Revenues $985.1M vs. $1.05B Estimate
Friday, May 6, 2011 - 8:09am | 23United States Cellular (NYSE: USM) Reports EPS of $0.40 vs. $0.41 Estimate; Revenues $985.1M vs. $1.05B Estimate
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Telephone & Data Systems Reports EPS of $0.40 vs. $0.39 Estimate; Revenues $1.26B vs. $1.24B Estimate
Friday, May 6, 2011 - 8:08am | 23Telephone & Data Systems (NYSE: TDS) Reports EPS of $0.40 vs. $0.39 Estimate; Revenues $1.26B vs. $1.24B Estimate
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Deutsche Bank Upgrades PT On Leap Wireless To $18, Maintains Hold (LEAP)
Friday, May 6, 2011 - 7:57am | 172Deutsche Bank upgraded its price target on Leap Wireless (NASDAQ: LEAP) from $14 to $18. In a research report published today, Deutsche Bank named strong Q1 results as a reason for the price target upgrade. It also stressed the presence of some risks for Leap, prompting it to leave its rating at...
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Deutsche Bank Raises PT On LEAP To $18
Friday, May 6, 2011 - 6:10am | 27Deutsche Bank has raised the price target on Leap Wireless (NASDAQ: LEAP) from $14 to $18 and maintains its Hold rating.
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Deutsche Bank Reiterates Hold On Leap Wireless (LEAP)
Thursday, May 5, 2011 - 1:24pm | 117Deutsche Bank reiterated its Hold rating on Leap Wireless (NASDAQ: LEAP) in a research report published today. In the report, Deutsche Bank states, "Leap Wireless (LEAP) reported 1Q11 results featuring beats to net adds, churn, ARPU and EBITDA margin. The company's 2Q outlook includes sequential...
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Citi Has Buy Rating On Leap Wireless Following Earnings (LEAP)
Thursday, May 5, 2011 - 9:01am | 133Citi Investment Research has a Buy rating and a $19 price target on shares of Leap Wireless International Inc (NASDAQ: LEAP) following earnings. In a note to investors, Citi writes, "Leap reported solid 1Q results that showed progress at transitioning its customers to higher ARPU Smartphones...
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Morgan Stanley Comments On Leap Wireless' 1Q Results
Thursday, May 5, 2011 - 8:07am | 183According to Morgan Stanley, Leap Wireless (NASDAQ: LEAP) pre-announced 1Q results including ~300k net adds, Q/Q ARPU growth, less than 3.5% churn and for “EBITDA to reflect strong customer activity.” Morgan Stanley said that accordingly, higher smartphone upgrades drove EBITDA margin 130 and 101...
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Clearwire Reports Q1 EPS of $(0.91) May Not be Comparable to $(0.52) Estimate; Revenues $258.1 vs. $238.58M Estimate
Wednesday, May 4, 2011 - 4:28pm | 25Clearwire (NASDAQ: CLWR) Reports Q1 EPS of $(0.91) May Not be Comparable to $(0.52) Estimate; Revenues $258.1 vs. $238.58M Estimate.
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Clearwire Pops on Record Results (CLWR)
Wednesday, May 4, 2011 - 4:16pm | 146Shares of Clearwire Corporation (NASDAQ: CLWR) are popping in the after-hours trade following the release of its Q1 earnings results. Currently shares are higher by 1.95%, trading at $5.22. The company reported a Q1 EPS loss of $0.93 on revenues of $242 million, as well as record quarterly net...
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Leap Wireless Reports EPS of $(1.26) vs. $(1.06) Estimate; Revenues $779.9M vs. $737.7M Estimate
Wednesday, May 4, 2011 - 4:06pm | 22Leap Wireless (NASDAQ: LEAP) Reports EPS of $(1.26) vs. $(1.06) Estimate; Revenues $779.9M vs. $737.7M Estimate
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Dendreon Corporation (DNDN) Citibank is Expecting -16% Downside From Here
Wednesday, May 4, 2011 - 3:37pm | 598Citibank believe a Speculative (S) risk rating for Dendreon is appropriate, given the price volatility and the risk associated with PROVENGE launch. As with any development-stage biopharmaceutical company, investing in Dendreon involves many commercial, intellectual property (IP) and...
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Deutsche Bank Reiterates Buy Rating On American Tower Corp
Wednesday, May 4, 2011 - 9:09am | 115According to Deutsche Bank, American Tower (NYSE: AMT) Buy rating is reiterated. Deutsche Bank said that AMT reported solid 1Q11 results that beat ests on all key metrics and increased its outlook to reflect an additional 1,500+ international tower acquisitions. “We expect guidance to continue...
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Deutsche Bank Reiterates Buy Rating On MetroPCS
Wednesday, May 4, 2011 - 9:03am | 123According to Deutsche Bank, MetroPCS (NYSE: PCS) 1Q11 results highlight sustained momentum in all key operating trends. Deutsche Bank said that, “We reiterate BUY on MetroPCS (PCS) and increase our price target to $23 (27% pot'l upside) following strong 1Q11 results that featured beats to all key...