Mixed Open For The Broader Markets
Stocks appear set to open mixed
Monday.
Orbotech
(
ORBK |
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PowerRating) posted a Q1 loss
of 5 cents a share, in line with analysts’ consensus according to a survey taken
by Multex.
According to Banc of America, it
believes that Express Scripts
(
ESRX |
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PowerRating) is not the target of an investigation
by the U.S Attorney’s Office in Boston. ESRX apparently received word from the
office citing the latter.
Helen of Troy
(
HELE |
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PowerRating) reported Q4
earnings of 15 cents a share, a penny worse than expected according to a survey
taken by Multex.
Lehman Brothers downgraded Pemstar
(
PMTR |
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News |
PowerRating)
from Strong Buy to Buy after the company warned that Q4 revenues would be $145
million and earnings would be a loss of between 22 cents to 32 cents a share.
Estimates were for $156 million in revenues and earnings of 6 cents a share.
Peregrine
Systems
(
PRGN |
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Chart |
News |
PowerRating)
announced that its board of directors has authorized an internal investigation
of its accounting practices due to issues brought about by an audit committee
headed by KPMG. Arthur Anderson use to be the firm’s auditors. In addition, the
board of directors announced that its Chief Executive Officer, Steve Gardner and
Chief Financial Officer Matt Glass have resigned.
Marvel’s
(
MVL |
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News |
PowerRating)
“Spiderman” topped
the box office this weekend, earning $114 million.
Berkshire Hathaway
(
BRK |
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News |
PowerRating) said
it sees the insurance business returning to profit over the next few years.