Company News for April 24, 2012 - Corporate Summary
24 Aprile 2012 - 11:06AM
Zacks
• Ardea Biosciences, Inc. (NASDAQ:RDEA) gained
51.7% after the company agreed to be purchased by the AstraZeneca
plc (NYSE:AZN) at a price of $1.26 billion
• Shares of Helix Energy Solutions Group Inc.
(NYSE:HLX) soared 6.7% after the company reported
better-than-expected first quarter earnings per share of $0.73,
surpassing the Zacks Consensus Estimate of $0.44
• Kellogg Company (NYSE:K) lost 6.1% after the
cereal and snacks maker said its actual full year earnings will be
less than expected due to weakness in its European business and low
volumes in some U.S. operations, as well as investment plans
related to future growth
• Shares of Otelco, Inc. (NASDAQ:OTT) declined
44.6% after one of its largest clients, Time Warner Cable Inc
(NYSE:TWC), hinted that it may not renew its contract to acquire
Otelco’s wholesale network connections
• STMicroelectronics N.V. (NYSE:STM) fell 9.6%
after ST-Ericsson, its joint venture with Ericsson (NASDAQ:ERIC)
announced it was laying off 1,700 workers as part of a
restructuring exercise
• Wal-Mart Stores, Inc. (NYSE:WMT) dropped 4.7%
after the blue-chip discount retailer disclosed it was
investigating of its Mexico subsidiary as it has violated a U.S.
law that prohibits bribery in foreign countries
ASTRAZENECA PLC (AZN): Free Stock Analysis Report
ERICSSON LM ADR (ERIC): Free Stock Analysis Report
HELIX EGY SOLUT (HLX): Free Stock Analysis Report
KELLOGG CO (K): Free Stock Analysis Report
OTELCO INC-IDS (OTT): Free Stock Analysis Report
ARDEA BIOSCIENC (RDEA): Free Stock Analysis Report
STMICROELECTRON (STM): Free Stock Analysis Report
TIME WARNER CAB (TWC): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
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