Stocks Appear To Open Higher
Stocks appear set to open slightly higher
Wednesday.
Metro One Telecom
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MTON |
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PowerRating) reported
earnings of 31 cents a share for Q2. Earnings increased 343% and exceeded Wall
Street’s forecasts by 2 cents a share.
American Medical Systems
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AMMD |
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PowerRating)
announced earnings of 5 cents for Q2 .
Retailer Dollar Tree Stores
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DLTR |
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PowerRating)Â
earned 19 cents a share for Q2 beating analysts’ estimates by a penny.
Choicepoint
(
CPS |
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PowerRating) earned 31 cents
a share meeting analysts’ expectations for the second quarter.
Microsemi
(
MSCC |
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PowerRating) reported Q3
earnings of 33 cents a share, beating Wall Street’s estimates by a penny. However
the company warned that sales will be flat for Q4 compared to the third quarter.
Pactiv
(
PTV |
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PowerRating) reported Q2 earnings
of 28 cents a share. Analysts polled by Thomson Financial/First Call were
looking for a mean of 27 cents. The maker of Hefty storage bags said earnings
from continuing operations increased by 15.4%.
Chemical producer Cambrex
(
CBM |
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PowerRating)
said earnings for Q2 were 56 cents a share, 2 cents shy of analysts’
expectations. Sales for the quarter slid 4%.
SBC Communications
(
SBC |
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PowerRating) reported
earnings of 61 cents a share for Q2. According to Thomson Financial/First Call,
analysts polled, on average, expected earnings to be 57 cents a share.
Goldman Sachs raised the ratings of
retailer Talbots
(
TLB |
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PowerRating) and American Standard
(
ASD |
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PowerRating) to the Recommended
List.
UBS Warburg lowered their rating on
power company Southern Co.
(
SO |
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PowerRating) from Buy to Hold.
Prologis Trust
(
PLD |
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PowerRating) was
downgraded from a Buy to Hold by Credit Suisse First Boston.
Martha Stewart Living Omnimedia
(
MSO |
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PowerRating)
announced Q2 earning fell 13% from the same quarter one year ago and warned on
full-year profits. The company earned 11 cents a share, in line with analysts’
expectations according to the research firm Thomson Financial/First Call.
Xerox
(
XRX |
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PowerRating), the office equipment
maker, reported a Q2 loss of $281 million. The company lost 10 cents a share in
line with analysts’ estimates based on a poll taken by Thomson Financial/First
Call.