Company News: GIS, ALOG, OREX, ANR, AAWW, JEF, GS, PACB, WLT

• General Mills (NYSE:GIS) posted Q1 EPS of $0.64, above the Zacks Consensus Estimate of $0.63 per share. Revenues for the quarter rose 9% year-over-year to $3.85 billion

• Share prices of Analogic Corp. (NASDAQ:ALOG) advanced 4.38% after the company reported fourth-quarter earnings that came in above market expectations

• Pharma-company Orexigen Therapeutics Inc.’s (NASDAQ:OREX) shares sky rocketed 48.98% to close at $2.19 after the drug developer announced that it has entered into an agreement with regulators which will enable the company to renew development of its obesity drug

• Share prices of coal producer Alpha Natural Resources Inc. (NYSE:ANR) declined 17.16% a share after the company lowered its shipments outlook for 2011

• SunTrust Robinson Humphrey Inc. downgraded Atlas Air Worldwide Holdings Inc (NASDAQ:AAWW) from “Buy” rating to “Neutral” rating. Following the downgrade, share prices of the freight carrier for airlines fell 13.33% to close at $37.65

• Investment banker Jefferies Group Inc.’s (NYSE:JEF) shares declined 7.89% after analysts at Goldman Sachs (NYSE:GS – Analyst Report) trimmed estimates for third-quarter earnings

• Pacific Biosciences of California (NASDAQ:PACB) announced its decision to reduce its total workforce by 28%. Following this development, the share prices of the company fell down 23.56%

• Shares of Walter Energy, Inc. (NYSE:WLT) fell 11.67% after the coal company projected third-quarter income lower than the Street’s expectations.

Goldman Sachs (GS): 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Your email address will not be published.


*