Company News: HNZ, BIG, NWSA, CVH, GTEC, PCS, TDC, MMI, AAPL, OPK

• H.J. Heinz Company (NYSE:HNZ) reported Q3 EPS of $0.85, ahead of the Zacks Consensus Estimate of $0.81 per share

• Big Lots Inc (NYSE:BIG) reported Q4 EPS of $1.46, above the Zacks Consensus Estimate of $1.37 per share

• Global news giant News Corp (NASDAQ:NWSA) won approval from the U.K. government for its $12.7 billion bid to take full control of British Sky Broadcasting Group

• Stifel Nicolaus upgraded health insurer Coventry Health Care (NYSE:CVH) from hold to buy rating, saying Coventry’s 2011 outlook is probably understating its potential for the year

• On Thursday government contractors Global Defense Technology & Systems Inc. (NASDAQ:GTEC) shares rose 51% to $24.25 after the company reported that it would be acquired for $24.25 per share by an affiliate of Ares Management LLC

• Wireless provider MetroPCS Communications Inc. (NYSE:PCS) shares rose 5.2% after the company amended its $1.6 billion credit facility

• Data storage company Teradata Corp (NYSE:TDC) said it would buy the remaining portion of Aster Data Systems which it doesn’t own for $263 million

• Cowen & Co downgraded Motorola Mobility Holdings Inc. (NYSE:MMI) from outperform to neutral rating on concerns that Apple Inc.’s (NASDAQ:AAPL) newly-launched iPad 2 would be a hurdle for Motorola’s Xoom tablet

• Drug manufacturer Opko Health Inc. (AMEX:OPK) announced its plans to sell $100 million in stock

HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
TERADATA CORP (TDC): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*