- General Mills (GIS: 35.60 -1.30 -3.52%) raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations. Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion, but were off 2.1% from a year earlier. The company sees 2011 earnings growth of 7-8% to $2.46-$2.48
- A supposedly-erroneous trade triggered the new, single-stock circuit breaker yesterday, halting trading in Citigroup (C: 3.82 +0.09 +2.41%)shares for five minutes
- According to a Bloomberg report, Apple (AAPL: 256.9901 +0.8201 +0.32%)plans to start selling iPhones to Verizon (VZ: 28.30 -0.32 -1.12%) starting in January, terminating AT&T’s (T: 24.30 -0.16 -0.65%) prior exclusive rights to US sales
- 3M (MMM: 79.99 +1.50 +1.91%) anticipates fiscal second quarter sales of $6.6 billion to $6.75 billion and organic sales volume growth of 16-18%
- Boeing (BA: 63.88 +0.84 +1.33%) said it agreed to buy Argon ST (STST: 34.25 +9.82 +40.20%) for $775 million in an all-cash deal valued at $34.50 per share
- FBR upgraded US Bancorp (USB: 22.68 +0.06 +0.27%) from “market weight” to “outperform,” with a $28 price target
- Celgene (CELG: 51.14 -2.10 -3.94%) reported plans to buy Abraxis BioScience (ABII: 74.33 +13.02 +21.24%) in a cash and stock deal valued at $2.9 billion
- Goldman Sachs (GS: 132.85 -0.91 -0.68%) lifted estimates and price targets for Wynn (WYNN: 79.24 +0.69 +0.88%) and Las Vegas Sands (LVS: 22.95 +0.11 +0.48%) on strength in Macau, but maintained “neutral” ratings on the shares
Monsanto (MON: 45.9501 -1.3899 -2.94%) posted fiscal third quarter results of 81 cents, a one-penny beat, on revenues of $2.96 billion, below Zacks estimates of $3.13 billion. However, the firm reaffirmed fiscal 2010 guidance of $2.40-$2.60
No comments:
Post a Comment