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MORNING COFFEE

146 views  2012-07-20 07:44

Google Beats Wall Street EPS Estimates. Google (GOOG) reported EPS of $10.12 versus $8.74 for the same period a year ago beating analysts’ estimates of $10.09. Revenues at the company rose 21% to $8.36 billion, slightly missed consensus. Google site and ad-network revenue posted nice gains.  Ad-click prices fell16%. Motorola lost $233 million on sales of $1.25 billion. Pre-market: 608.34 +15.28 (2.58%)

Upgrades

Stanley Black & Decker (SWK): KeyBanc Capital Markets raised their rating from Hold to Buy and placed a target price of $80.00 on the company. Pre-Market: 65.96 -0.13 (-0.20%)

Downgrades

Snap-On (SNA): Barrington Research lowered their rating from Outperform to Market Perform. Pre-market: 67.11 -0.13 (-0.20%)

Coverage Initiated

Microsoft (MSFT): Griffin Securities initiated coverage with a Buy rating and target price of $38.00.

Coverage Reiterated/Price Target Changed 

Union Pacific (UNP): Dahlman Rose reiterated their Buy rating and raised their target price from $126.00 to $132.00. Pre-market: 122.75 -0.02 (-0.02%)

Google (GOOG): The Benchmark Company reiterated their Hold rating and raised their target price from $615.00 to $625.00. Pre-market: 608.34 +15.28 (2.58%)

Nike (NKE): HSBC Securities reiterated their Neutral rating and raised their target price from $96.00.00 to $101.00.

Earning Reports

Advanced Micro (AMD): Reported EPS of $0.06 missing estimates by -$0.01. Pre-market: 4.65 -0.21 (-4.32%)

Forward Air (FWRD): Reported EPS of $0.48 beating estimates by +$0.02.

Google (GOOG): Reported EPS of $10.12 beating estimates by +$0.03. Pre-market: 608.34 +15.28 (2.58%) 

Microsoft (MSFT): Reported EPS of $0.73 beating estimates by +$0.11. Pre-market: 31.08 +0.41 (1.35%)

General Electric (GE): Reported EPS of $0.38 beating estimates by +$0.01. Pre-market: 19.89 +0.09 (0.45%)

Ingersoll-Rand (IR): Reported EPS of $1.00 beating estimates by +$0.09.

Schlumberger (SLB): Reported EPS of $1.05 beating estimates by +$0.05.

Markets: 
Futures at 9:00: Dow -0.47%. S&P -0.58%. Nasdaq -0.23%. Crude -1.67% to $91.11. Gold -0.21% to $1577.00.

Europe: London -0.81%. Paris -1.72%. Frankfurt -1.10%. 

Asia: Japan -1.43%. Hong Kong +0.42%. China -0.74%. India -0.70%. 

 

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