Company News for March 02, 2011 - Corporate Summary

• AutoZone (NYSE:AZO) reported Q2 EPS of $3.34, ahead of the Zacks Consensus Estimate of $3.06 per share. Revenues for the quarter rose 10.3% year-over-year to $1.66 billion, above the Zacks Consensus Estimate of $1.631 billion

• TiVO (NASDAQ:TIVO) reported a Q4 loss of $0.30 per share, higher than the Zacks Consensus Estimate for a loss of $0.28 per share. Revenues for the quarter fell 19% year-over-year to $55.8 million, above the Zacks Consensus Estimate of $53.0 million

• Verifone (NYSE:PAY) reported Q1 EPS of $0.43, ahead of the Zacks Consensus Estimate of $0.33 per share. Revenues for the quarter rose 27% year-over-year to $283.8 million, above the Zacks Consensus Estimate of $268.0 million

• Reports of legal losses accounting up to $4.5 billion pulled JP Morgan (NYSE:JPM) down during the day’s trade

• RBC analysts’ upgraded Boston Scientific Corp (NYSE:BSX) to Outperform from Hold rating saying the company’s recent restructuring should help to increase its profit margins

• Lorillard (NYSE:LO), maker of Newport, gained 2% after studies found no significant differences in risk for lung cancer in smokers of menthol cigarettes compared to smokers of non-menthol cigarettes

• According to a report, Carnival Corp’s (NYSE:CCL) COO Howard Frank sold 180,000 shares at $42.60 each in late February, leading to speculation that the stock had reached its peak

• Deutsche Bank (NYSE:DB) removed Eastman Chemical (NYSE:EMN) from its ‘Short-Term’ buy list

• Operator of acute care and behavioral health hospitals Universal Health Services (NYSE:UHS) offered a 2011 outlook that encouraged analysts

Company News for March 02, 2011 – Corporate Summary

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