Company News for August 3, 2011 - Corporate Summary
August 03 2011 - 5:10AM
Zacks
• Westlake Chemical
Corporation (NYSE:WLK) posted Q2 EPS of $1.21, beating analysts’
estimates of $1.19 per share. Revenues rose 13% year-over-year to
$925.0 million
• Engineering company Foster Wheeler AG’s
(NASDAQ:FWLT) shares rose 2.12% to close at $27.02 after the
company posted second-quarter earnings that came in above the
Street's expectations
• Share prices of Herbalife Ltd. (NYSE:HLF)
increased 5.69% after the nutritional-supplement seller forecasted
third-quarter earnings beating analysts’ estimates
• Pfizer (NYSE:PFE) reported adjusted Q2 EPS of
$0.60, marginally ahead of the Zacks Consensus Estimate of $0.59
per share. Revenues for the quarter fell 1% to $17.0 billion, in
line with the Zacks Consensus Estimate
• General Cable Corp.’s (NYSE:BGC) share
prices declined by 17.67% after the wire maker's second quarter
profit and revenue figures came in behind estimates
• Share prices of drug developer II-VI, Inc.’s
(NASDAQ:IIVI) fell 12.64% to $22.02 after the company issued its
guidance for the first quarter below expectations
• Benchmark downgraded shares of eResearch
Technology, Inc. (NYSE:ERT) to "Hold" rating from "Buy" rating and
also lowering the target price to $6.50
• Shares of Wal-Mart Stores, Inc. (NYSE:WMT) were
downgraded by Goldman Sachs (NYSE:GS) analysts to “Hold” rating.
The analysts also set a target price of $56.00 on the share prices
of the retailer
• Analysts at JP Morgan (NYSE:JPM) downgraded
shares of Shire Plc. (ADR) (NASDAQ:SHPGY) to “Neutral” rating from
“Overweight” rating
GENL CABLE CORP (BGC): Free Stock Analysis Report
ERESEARCH TECH (ERT): Free Stock Analysis Report
FOSTER WHELR AG (FWLT): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
HERBALIFE LTD (HLF): Free Stock Analysis Report
II-VI INCORP (IIVI): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
PFIZER INC (PFE): Free Stock Analysis Report
SHIRE PLC-ADR (SHPGY): Free Stock Analysis Report
WESTLAKE CHEM (WLK): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
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