Stocks Looking To Open In The Green
Stocks appeared set to open up on
Thursday after Greenspan’s testimony to Congress yesterday.
Cell phone equipment maker
Nokia
(
NOK |
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Chart |
News |
PowerRating) reported earnings of 15 cents a share for Q2, ahead of the
company’s guidance of 13 to 14 cents a share.
Sprint PCS
(
PCS |
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News |
PowerRating) has filed a shelf
registration with the SEC to sell up to $4 billion of securities.
On the IPO front, Accenture
(
ACN |
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News |
PowerRating)
shares have been priced at $14.50. The consulting firm announced the pricing of
the 115 million shares this morning.
Conmed
(
CNMD |
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News |
PowerRating) reported Q2
earnings of 37 cents per share. The medical technology company’s earnings rose due
to strong sales of their orthopedic products.
ITT Industries
(
ITT |
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News |
PowerRating) said earnings
for Q2 came in at 84 cents per share. Analysts polled by Thomson Financial/First
Call were expecting a mean of 83 cents.
PepsiCo
(
PEP |
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Chart |
News |
PowerRating) reported Q2 profits
increased by 16%. The company earned 44 cents a share beating analysts’ consensus
of 43 cents according to a survey taken by Thomson Financial/First Call.
Retailer Office Depot
(
ODP |
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Chart |
News |
PowerRating)
announced that Q2 income dropped 27%. The company reported earnings of 18 cents.
Wall Street analysts were expecting Q2 earnings to come in between 10 to 14 cents
with a consensus of 12 cents according to Thomson Financial/First Call.
Bausche & Lomb
(
BOL |
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News |
PowerRating) said Q2
profits fell 80%. The company cited slower sales as the cause.
Allstate
(
ALL |
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Chart |
News |
PowerRating) said Q2 profits
slipped 47% after the company paid out nearly a half a billion dollars in storm-related claims. Earnings were 31 cents and came in at the low end of analysts’
forecasts. According to Thomson Financial/First Call, Wall Street expected
earnings between 32 to 55 cents with an average of 44 cents a share.
ArvinMeritor
(
ARM |
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News |
PowerRating) said Q3
earnings were slashed 65% as the auto parts supplier cited softness in the truck
and light-vehicle markets.
Astec Industries
(
ASTE |
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Chart |
News |
PowerRating) reported
Q2 earning were off by 60% due to a weakening economy. Earnings came in at
25 cents below analysts’ estimates of 30 cents as reported by Thomson
Financial/First Call.
IBM
(
IBM |
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Chart |
News |
PowerRating) said Q2 profits
increased 5% over the same period one year ago. Q2 revenues came in at $21.6
billion, shy of analysts’ expectations of $22.5 billion according to Thomson
Financial/First Call.
Have a great trading day,