Company News for May 16, 2011 - Corporate Summary

• Agilent Technologies’ (NYSE:A) Q2 EPS of $0.74, ex-items, topped the Zacks Consensus Estimates of $0.65 per share

• Nvidia’s (NASDAQ:NVDA) Q1 EPS of $0.27 topped the Zacks Consensus Estimate of $0.19 per share

• Alibaba Group restructured the ownership of Alipay without informing Yahoo Inc (Nasdaq:YHOO) and Softbank and shares of Yahoo fell subsequently

• CA Technologies (NASDAQ:CA) reported fourth quarter 2011 adjusted earnings per share of $0.46, in line the Zacks Consensus Estimate. Results were driven by growing demand for the company’s products, partially offset by weakness in Europe

• Nordstrom Inc. (NYSE:JWN) posted earnings growth of 32.7% to reach $0.69 per share in the first quarter of fiscal 2011 from $0.52 per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of $0.67 cents a share

• The International Trade Commission ruled that Eastman Kodak Co.’s (NYSE:EK) digital imaging technology is not infringing the patents held by Apple Inc. (NASDAQ:AAPL)

• Wells Fargo (NYSE:WFC) upgraded American International (NYSE:AIG) from Underperform to Market Perform

• Think Equity downgraded SunPower Corporation (NASDAQ:SPWRA) from Buy to Hold

Company News for May 16, 2011 – Corporate Summary

SIGN UP TO NEWSLETTER

Free E-Book

Recent Posts