Company News: CMCSA, OMX, DELL, APD, ARG, CLF, NTAP, C, FXCM, GFC

By Zacks Investment Research Feb 17, 2011, 9:14 AM Author's Blog  

• Comcast Corp. (NASDAQ:CMCSA) reported Q4 net income of $0.36 per share, slightly ahead of the Zacks Consensus Estimate of $0.34 per share. Revenues for the quarter rose 7.2% year-over-year to $9.72 billion, surpassing the Zacks Consensus Estimate of $9.555 billion

• OfficeMax (NYSE:OMX) reported Q4 EPS of $0.16, lower than the Zacks Consensus Estimate of $0.44 per share. Revenues for the quarter fell 2.4% year-over-year to $1.77 billion, missing the Zacks Consensus Estimate of $1.787 billion

• Dell (NASDAQ:DELL) reported Q4 EPS of $0.53 cents, ahead of the Zacks Consensus Estimate of $0.39 cents. Revenue totaled $15.69 billion ahead of the Zacks Consensus Estimate of $15.49 billion.

• According to Bloomberg, Air Products & Chemicals (NYSE:APD) dropped its $5.9 billion hostile bid for Airgas (NYSE:ARG) after a Delaware judge upheld the company’s main anti-takeover defense

• Cliffs Natural Resources (NYSE:CLF) reported Q4 EPS of $2.82, ahead of the Zacks Consensus Estimate of $2.02 per share. Revenues for the quarter rose to $1.42 billion, matching the Zacks Consensus Estimate

• NetApp (NASDAQ:NTAP) reported Q2 EPS of $0.52, above the Zacks Consensus Estimate of $0.45 per share. Revenues for the quarter rose 25% year-over-year to $1.27 billion, missing the Zacks Consensus Estimate of $1.278 billion

• Citigroup (NYSE:C) downgraded online currency trading-services provider FXCM Inc (NYSE:FXCM) from buy to hold rating

• Reinsurer GEROVA Financial Group Ltd (NYSE:GFC) said Dennis Pelino won’t be the new Chairman as announced on last Thursday

FXCM INC-A (FXCM): Free Stock Analysis Report
NETAPP INC (NTAP): Free Stock Analysis Report

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