Lower Opening
Stocks appear set to open lower
Thursday.
Panera Bread
(
PNRA |
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Chart |
News |
PowerRating) reported Q1
net earnings of 35 cents a share, beating analysts’ consensus of 32 cents a share
according to a survey taken by Multex.
Merrill Lynch upgraded Omnicom
(
OMC |
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News |
PowerRating)
from Strong Buy to Near Term Buy due to valuation.
Luxury watch maker Movado
(
MOV |
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News |
PowerRating)
reported Q1 net earnings of 3 cents a share, beating Multex’ consensus of 0 cents.
According to a report from Reuters,
Hewlett-Packard
(
HPQ |
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News |
PowerRating) and Sun Micro
(
SUNW |
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PowerRating) will closed down the week of July 4 to
save money.
China Unicom
(
CHU |
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Chart |
News |
PowerRating) was downgraded
at Merrill Lynch from Buy to Near Term Neutral.
Banc of America downgraded AstraZeneca
(
AZN |
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Chart |
News |
PowerRating) from Buy to Market Perform based on current valuation.
Furniture maker La-Z-Boy
(
LZB |
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News |
PowerRating)
reported Q4 net earnings of 50 cents a share, beating previous guidance of
between 42 to 46 cents a share.
Wholesale club Costco
(
COST |
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Chart |
News |
PowerRating)
reported Q3 net earnings of 28 cents a share, beating analysts’ consensus by a
penny. Revenues rose to $8.616 billion, or 11.6%. Consensus estimates were for
$8.613 billion.