Stocks Setting To Open Mixed To Lower
A mixed to lower opening appears to be setting up
for stocks on Thursday.
Corning
(
GLW |
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PowerRating) reported earnings
after the bell. GLW reportedly earned 9 cents a share for Q2. Earnings were 50%
less than what analysts expected, according to a survey taken by Thomson
Financial/First Call.
Electronic Data Systems
(
EDS |
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News |
PowerRating)
earned 62 cents per share for Q2, meeting analysts’ expectations. The company’s
sales increased 9% for the quarter and EDS reaffirmed second-half numbers.
WorldCom Group
(
WCOM |
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Chart |
News |
PowerRating) announced a
decrease in Q2 profits. The telecom company said profits fell due to increased
competition. The company posted earnings of 20 cents, missing analysts’ expectations
by a penny according to Thomson Financial/First Call.
Long distance provider, MCI Group
(
MCIT |
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News |
PowerRating)
posted Q2 loss of 25 cents a share.
Varian Medical Systems
(
VAR |
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News |
PowerRating)
reported Q3 earnings of 56 cents a share, beating analysts’ consensus by 6 cents
a share, according to a poll taken by Thomson Financial/First Call.
Oil services company Haliburton
(
HAL |
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Chart |
News |
PowerRating)
beat Wall Street’s Q2 views by 3 cents. The company earned 33 cents as profits
rose 175%.
Homestore Com
(
HOMS |
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Chart |
News |
PowerRating) earned 13
cents for Q2, beating average consensus of 11 cents based on information
collected by Thomson Financial/First Call.
Exxon Mobil
(
XOM |
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Chart |
News |
PowerRating) announced that
Chairman and CEO L.R. Raymond will extend his plans for retirement.
Cell Therapeutics
(
CTIC |
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News |
PowerRating) said Q2
losses increased, citing the rise in research expenses. The biotech company
posted a loss of 47 cents, in line with analysts’ expectations, according to
Thomson Financial/First Call.
The home of the "Slurpee,"
7-Eleven
(
SE |
Quote |
Chart |
News |
PowerRating) reported profits fell 15% for Q2. The convenience store said
earnings came in at 28 cents a share, in line with analysts’ expectations.
ABN Amro reiterated their Hold rating
on Openwave
(
OPWV |
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Chart |
News |
PowerRating).
Foundry Networks
(
FDRY |
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News |
PowerRating) was
upgraded by First Union to Buy from Market Perform.
Medical diagnostics firm CYTYC Corp
(
CYTC |
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Chart |
News |
PowerRating) was upgraded by Robertson Stephens from Buy to Strong Buy.
Credit Suisse First Boston downgraded
New Focus
(
NUFO |
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News |
PowerRating) to Hold from Buy.
Netegrity
(
NETE |
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News |
PowerRating) was upgraded to
Strong Buy from Buy by Robertson Stephens.
ABN Amro upgraded Charter
Communications
(
CHTR |
Quote |
Chart |
News |
PowerRating) to Add from Hold and set a 12-month price target of
$25.
Texan Lance Armstrong is leading the
pack in the Tour de France with a five-minute lead and four legs to go!