Investing
Pre-Market Stock News (DECEMBER 19, 2007) (ATU, ADCT, CEM, CSUN, DGIT, ETFC, AMTD, FITB, FRPT, GIS, GOOG, HOV, JOYG, LMC, MS, PALM, PHG, S, VIA, MSFT)
Published:
Below is a summary of many of the top headlines and news bits from individual stocks affecting share prices in pre-market trading this Wednesday:
- Actuant (ATU) $0.52 EPS vs $0.48 estimate.
- ADC Telecom (ADCT) traded down 4% after-hours. It filed a $400 million convertible note offering, and Cramer said it was a safe stock to play for Verizon and AT&T network build-outs.
- Chemtura (CEM) said it will review Strategic Alternatives, including a possible sale of the company.
- China Sunergy (CSUN) named Kenneth Luk as its Chief Financial Officer.
- DG FastChannel (DGIT) shares are up 5% after it raised its 2007 and 2008 guidance.
- E*Trade (ETFC) rose almost 4% in conjunction with
- Fifth Third (FITB) warned of more credit losses but increased its dividend.
- Force Protection (FRPT) traded down over 20% again after lower portion of Mine Resistant Ambush Protected vehicles for U.S. Marines.
- General Mills (GIS) $1.14 EPS vs $1.13 estimates.
- Google (GOOG) said its application to bid for spectrum was accepted by the FCC.
- Hovnanian (HOV) losses reached $7.42 on lower sales and added charges and write-downs.
- Joy Global (JOYG) $0.80 EPS vs $0.75 estimates.
- Lundin Mining (LMC) stock indicated up almost 2% after it said it will repurchase up to 19.6 million shares of common stock.
- Morgan Stanley (MS) posted -$3.61 net but had $5.7 Billion in mortgage write-downs totaling roughly $9 Billion in charges now; it is also in pact with China Investment for $5 billion investment.
- Nike (NKE) reports earnings after the close today.
- Oracle (ORCL) posts earnings after the close today.
- Palm (PALM) lost 9% after wider losses than expected and even lower guidance ahead.
- Philips (PHG) plans a $7.2 Billion share buyback.
- Sprint (S) named Hesse from Embarq as its new CEO.
- TD Ameritrade (AMTD) rose 4% after it raised guidance.
- Viacom (VIA) in long-term digital content and advertising pact with Microsoft.
Jon C. Ogg
December 19, 2007
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