Company News for June 24, 2011 - Corporate Summary
June 24 2011 - 5:10AM
Zacks
• ConAgra Foods (NYSE:CAG) posted adjusted Q4 EPS
of $0.47, lower than the Zacks Consensus Estimate of $0.48 per
share. Revenues for the quarter rose 5.3% year-over-year to $3.21
billion
• Oracle Corporation (NASDAQ:ORCL) posted Q4 EPS
of $0.75, surpassing the Zacks Consensus Estimate of $0.69 per
share. Revenues for the quarter grew 13% year-over-year to $10.78
billion
• Herman Miller Inc's (NASDAQ:MLHR) shares
rocketed up 11.46% after the furniture maker reported a sharp spike
in its fourth quarter earnings results. The fourth quarter profit
of the company increased to $17.1 million from $2.1 million
reported in the previous year
• According to a report by TechCrunch, Videogame
makers Electronic Arts Inc. (NASDAQ:ERTS) is set to buy PopCap
Games in a deal valued at more than the $1 billion
• Shares of Steelcase Inc. (NYSE:SCS) increased
7.31% to close at $11.16 after the office furniture company posted
first quarter earnings figures that came in above expectations
• Macquarie Capital initiated coverage on shares
of Research In Motion Ltd. (NASDAQ:RIMM) with an "Outperform"
rating
• Jim Cramer, host of the CNBC “Mad Money”
included hard disk manufacturer Western Digital Corp. (NYSE:WDC) in
the “competitors to watch” section as a part of the Stock Picks for
June 21
• Analysts at Weeden downgraded land driller
contractor Nabors Industries (NYSE:NBR), to "Hold" rating from
"Buy" rating ,cutting the target price $34 to $28
CONAGRA FOODS (CAG): Free Stock Analysis Report
ELECTR ARTS INC (ERTS): Free Stock Analysis Report
HERMAN MILLER (MLHR): Free Stock Analysis Report
NABORS IND (NBR): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
RESEARCH IN MOT (RIMM): Free Stock Analysis Report
STEELCASE INC (SCS): Free Stock Analysis Report
WESTERN DIGITAL (WDC): Free Stock Analysis Report
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