Company News: BA, TMO, MT, JNPR, IACI, KEYN, QCOR, PCX, LPS, RRC, SBGI, JPM

• Boeing (NYSE:BA) reported Q2 EPS of $1.25, beating the Zacks Consensus Estimate of $0.97 per share. Revenues for the quarter rose 6.2% year-over-year to $ 16.5 billion

• Thermo Fisher (NYSE:TMO) reported Q2 EPS of $0.99, ahead of the Zacks Consensus Estimate of $0.98 per share. Revenues for the quarter rose 11.5% year-over-year to $2.90 billion, exceeding the Zacks Consensus Estimate of $2.81 billion

• Arcelor Mittal (NYSE:MT) reported Q2 EPS of $0.99, surpassing the Zacks Consensus Estimate of $0.94 per share. Revenues for the quarter rose 24.7% year-over-year to $25.13 billion, lower than the Zacks Consensus Estimate of $25.3 billion

• Shares of Juniper Networks, Inc. (NYSE:JNPR) plunged 20.89% after the Internet networking equipment provider’s sales and profit for the second quarter came in below estimates

• Online media company IAC/Interactive Corp.’s (NASDAQ:IACI) shares gained 11.25% after the company posted better than expected quarterly earnings figures

• Shares of cloud-computing solutions provider Keynote Systems, Inc. (NASDAQ:KEYN) gained 10.61% after the company reported strong third quarter results and projected fourth quarter earnings above the Street’s estimates

• Share prices of pharma-company Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) gained 24.81% after the company posted second-quarter earnings that came in above expectations

• Analysts at Howard Weil downgraded Patriot Coal Corp (NYSE:PCX) to “Market Perform” rating from “Outperform” rating, reducing the target price to $26.00 from $33.00

• Analysts at Barclays Capital downgraded Lender Processing Services Incorporated (NYSE:LPS) from “Overweight” rating to “Equal Weight” rating with a target price of $20.00 on the stock

• Shares of Range Resources (NYSE:RRC) were downgraded by analysts of Keybanc from “Buy” rating to “Hold” rating

• Shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI) were downgraded by JPMorgan Chase & Co. (NYSE:JPM) from “Overweight” rating to “Neutral” rating.

Patriot Coal Corp (PCX): Free Stock Analysis Report

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