Company News: IR, ORN, WYNN, MU, C, AL, GPN, HPY, WFR

• Lower-than-expected demand for residential and commercial security systems in North America led to Ingersoll-Rand Plc (NYSE:IR) reducing its third-quarter and full-year guidance

• Orion Marine Group, Inc (NYSE:ORN) said that it expects its profit margins to be adversely impacted by weak economic conditions and delays in federal government spending

• Concerns about slower Chinese economic growth is expected to affect Wynn Resorts Ltd’s (NASDAQ:WYNN) operations in Macau

• Micron Technology Inc. (NASDAQ:MU) posted adjusted fourth quarter fiscal 2011 loss per share of $0.14, against the Zacks Consensus earnings estimate of $0.01 per share

• Citigroup, Inc. (NYSE:C) initiated coverage on Air Lease Corporation (NYSE:AL) with a “Buy” rating

• Stifel Nicolaus initiated coverage on Global Payments Inc. (NYSE:GPN) with a “Buy” rating

• Stifel Nicolaus initiated coverage on Heartland Payment Systems, Inc. (NYSE:HPY) with a “Hold” rating

• Piper Jaffray initiated coverage on MEMC Electronic Materials Inc. (NYSE:WFR) with a “Neutral” rating.

Global Payments (GPN): 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.


Be the first to comment

Leave a Reply

Your email address will not be published.