Company News for November 17, 2011 - Corporate Summary
November 17 2011 - 4:05AM
Zacks
• Target
(NYSE:TGT) posted Q3 EPS of $0.82, surpassing the Zacks Consensus
Estimate of $0.74per share. Revenues for the quarter increased 5%
to $16.1 billion
• NetApp (NASDAQ:NTAP) posted Q2 EPS of $0.63,
beating the Zacks Consensus Estimate of $0.49 per share. Revenues
for the quarter rose 20.5% to $1.51 billion
• Share prices of Rambus Inc. (NASDAQ:RMBS)
plummeted 60.59% to close at $7.11 after the technology licensing
company lost a long drawn legal anti-trust case against Hynix
Semiconductor and Micron Technology (NYSE:MU)
• Office suppliers OfficeMax Inc (NYSE:OMX) has
entered into an agreement with RadioShack (NYSE:RSH). The agreement
will allow OfficeMax to pilot the RadioShack Mobile offering in San
Francisco market
• Shares of Western Digital Corp (NYSE:WDC)
gained 7.07% after the company said it has signed a business
agreement with a subsidiary of TDK, SAE Magnetics
• PC maker Hewlett-Packard (NYSE:HPQ) unveiled
its first business Ultrabook, which is thin as well as light, has
strong security options and a responsive solid-state hard drive
• According to a Reuters, coffee roaster
Starbucks Corp (NASDAQ:SBUX) increased prices of some of its
fdrinks in major markets like Southern California, Chicago,
Washington, Oregon, and Hawaii
• Retailer Abercrombie & Fitch Co.’s
(NYSE:ANF) shares fell 13.64% after the company's third-quarter
earnings results came in below the Street’s expectations
• Share prices of Tessera Technologies Inc.
(NASDAQ:TSRA) rose 20.39% to close at $17.42 after the developer of
chip technology announced that Samsung Electronics has renewed its
licensing deal till 2017
• SunTrust downgraded shares of Crawford &
Company (NYSE:CRD.B) to "Neutral" rating from "Buy" rating
• Wunderlich Securities downgraded shares of
Chimera Investment Corporation (NYSE:CIM) by two notches from
"Hold" rating to "Sell" rating
ABERCROMBIE (ANF): Free Stock Analysis Report
CHIMERA INVEST (CIM): Free Stock Analysis Report
CRAWFORD & CO B (CRD.B): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
NETAPP INC (NTAP): Free Stock Analysis Report
OFFICEMAX INC (OMX): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
RADIOSHACK CORP (RSH): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
TESSERA TEC INC (TSRA): Free Stock Analysis Report
WESTERN DIGITAL (WDC): Free Stock Analysis Report
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