Broader Markets To Open Higher
Stocks appeared set to open higher
Wednesday.
AT&T
(
T |
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Chart |
News |
PowerRating) announced Q1 earnings
of 6 cents a share, beating analysts’ estimates by 2 cents according to a survey
taken by Multex. Revenues slid to $12.0 billion, or 11.3%, on a year-over-year
basis. Analysts’ consensus was for $12.1 billion.
JP Morgan upgraded Amgen
(
AMGN |
Quote |
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News |
PowerRating)
from Long Term Buy to Buy.
Royal Caribbean
(
RCL |
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News |
PowerRating) reported
earnings for March of 27 cents a share, beating analysts’ estimates by a penny
according to a survey taken by Multex.
Prudential Securities upgraded
AT&T Wireless
(
AWE |
Quote |
Chart |
News |
PowerRating) from Hold to Buy based on valuation and the belief
that the group may be nearing a bottom.
GlaxoSmithKline
(
GSK |
Quote |
Chart |
News |
PowerRating) reported
earnings of 54 cents a share, beating analysts’ consensus by one cent according to
a survey taken by Multex.
First Albany lowered its rating on
Precise Software
(
PRSE |
Quote |
Chart |
News |
PowerRating) from Strong Buy to Buy and put a price target of
$20 on the company. The downgrade came on the heels of PRSE’s earnings
announcement which came in lower than expected.
Skechers USA
(
SKX |
Quote |
Chart |
News |
PowerRating) reported Q1
earnings of 53 cents a share, 10 cents better than analysts’ consensus according
to a survey taken by Multex.
Du Pont Photomask
(
DPMI |
Quote |
Chart |
News |
PowerRating) reported
Q3 earnings of a penny, beating consensus estimates by 4 cents according to a
survey taken by Multex where analysts expected a loss of 3 cents.
PEC Solutions
(
PECS |
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Chart |
News |
PowerRating) was upgraded
by UBS Warburg from Buy to Strong Buy based on valuation.
Credit Suisse First Boston upgraded
PetSmart
(
PETM |
Quote |
Chart |
News |
PowerRating) from Hold to Buy based on the belief that store remodeling
and a renewed focus on customer service will be a driving force to accelerate sales for
the chain.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) reported Q2
earnings of 20 cents a share, in line with analysts’ consensus based on a survey
taken by Multex.
PF Chang’s
(
PFCB |
Quote |
Chart |
News |
PowerRating) reported
earnings for Q1 of 40 cents a share, beating Multex consensus by a penny.