Company News for March 10, 2011 - Corporate Summary

• Navistar (NYSE:NAV) reported Q1 EPS of $0.16, ex-items, lower than the Zacks Consensus Estimate of $0.20 per share

• AeroVironment Inc (NASADQ:AVAV), a company which makes remote controlled planes for the military, reported a 76% rise in its quarterly profit

• Retailer American Eagle Outfitters (NYSE:AEO) said its Chief Executive Jim O’Donnell is retiring and also reported an increase in fourth-quarter profit

• Catalyst Health Solutions Inc (NASDAQ:CHSI) announced its plans to buy Walgreen Co.’s (NYSE:WAG) pharmacy-benefit-management subsidiary Walgreens Health Initiatives for $525 million in cash

• Ceramic product maker Ceradyne Inc (NASDAQ:CRDN) lifted its 2011 earnings forecast

• Finisar Corporation (NASDAQ:FNSR), maker of fiber-optic equipment, reported a jump in its quarterly profits but offered a lower forecast below the Street’s expectations mainly because of slowing demand from China

• Money manager Franklin Resources Inc (NYSE:BEN) reported that its total assets climbed to $693.7 billion in February from $681 billion in January

• Stifel Nicolaus upgraded Zions Bancorporation (NASDAQ:ZION) from “Hold” to “Buy” rating

• Texas Instruments Inc (NYSE:TXN) reduced its guidance and suggested a weaker demand for television chips. The company’s earnings target missed the Street’s expectations and the stock declined 3.1% to close at $34.74

Company News for March 10, 2011 – Corporate Summary

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