Company News for December 9, 2011 - Corporate Summary
December 09 2011 - 4:00AM
Zacks
• G-III Apparel Group Ltd.’s (NASDAQ:GIII)
shares jumped 17.98% a day after the clothing maker's third-quarter
profit topped Street’s expectations
• Share prices of teen-apparel retailer Pacific
Sunwear of California Inc. (NASDAQ:PSUN) surged 10.37% to $1.49
following the retailer’s announcement to shut down nearly a quarter
of its total stores
• Invacare Corp.’s (NYSE:IVC) shares lost 28.57%
to close at $14.70 after U.S. Food and Drug Administration
suggested the medical-equipment maker to suspend operations at some
of its facilities
• Share prices of video-game publisher THQ
Inc.(NASDAQ:THQI) plummeted 38.34% a day after the company said its
revenue for the third quarter would be lower than estimated
• Costco Wholesale Corp. (NYSE:COST) reported Q1
EPS of $0.73 lower than the Zacks Consensus Estimate of $0.80 per
share. Revenues for the quarter rose 12% to come in at $21.63
billion
• Ciena (NASDAQ:CIEN) reported its Q4 results,
posting an EPS of $0.03 which came in higher than the Zacks
Consensus Estimate for a loss of $0.03 per share. Revenue rose 9.1%
on year-over-year basis to $455.5 million
• International Business Machines Corp.
(NYSE:IBM) agreed to buy DemandTec Inc (NASDAQ:DMAN), the web-based
software provider, in an all cash transaction worth $440 million.
Reacting to the event, the share prices of the DemandTec rose
55.59% to close at $13.15 a piece
CIENA CORP (CIEN): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
G-III APPAREL (GIII): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
INVACARE CORP (IVC): Free Stock Analysis Report
PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report
THQ INC (THQI): Free Stock Analysis Report
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