Stocks To Open Lower
Stocks appear set to open lower
Thursday.
Ann Taylor
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ANN |
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PowerRating) raised Q1
guidance to come in between 60 cents and 62 cents a share, consensus was for 53
cents, and raised Q2 earnings to come in between 34 cents and 36 cents a share,
consensus is for 33 cents. In addition, the company has declared a 3-for-2 stock
split.
Talbots
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TLB |
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PowerRating) lowered estimates
for Q1 from prior guidance of between 63 cents and 65 cents, to come in the range
of 53 cents to 55 cents. Analysts’ consensus is for 64 cents a share.
Invision Technologies
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INVN |
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PowerRating) said
its has received $6.3 million of new orders.
Yahoo!
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YHOO |
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PowerRating) was downgraded by
Merrill Lynch from Buy to Near Term Neutral after the company reported Q1
results.
Verizon Communications
(
VZ |
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PowerRating) was
downgraded by Merrill Lynch from Strong Buy to Near Term Neutral based on
valuation worries.
Technitrol
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TNL |
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PowerRating) has priced a
follow-on offering at $22.50. TNL closed at $22.87 on Wednesday.
Yankee Candle
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YCC |
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PowerRating), the maker of
fragrant candles and potpourri, said it plans a secondary offering of 12.5
million shares which will be priced at $21.25.
UBS Warburg upgraded Delta Airlines
(
DAL |
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PowerRating)
from Hold to Buy based on valuation.
Pier 1 Imports
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PIR |
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PowerRating) posted Q4 net
earnings of 51 cents a share, in line with analysts’ consensus, and raised guidance
for Q2.
Apple Computer
(
AAPL |
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PowerRating) was
upgraded by UBS Warburg to Strong Buy from Hold, citing strong new products.
Network Associates
(
NET |
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PowerRating) reported
a Q1 pro forma net of 9 cents a share, beating analysts’ consensus by 2 cents. The
company posted revenues of $201.9 million vs. consensus of $201.1 million.
Herbalife International
(
HERBA |
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PowerRating)
has agreed to be acquired by private equity firms Whitney & Co and Golden
Gate Capital for $19.50 a share.
Jobless claims for the week of 4/6
fell 55,000 to 438,000.