By stockOzone team
Shares of following companies are expected to see active trade in Thursday's session.
Early on Thursday, Wal-Mart Stores Inc. (NYSE: WMT) reported that its third-quarter profit climbed 3.2%,to $3.24 billion, or 84 cents a share, from $3.14 billion, or 80 cents a share, in the eyar-ago period. Revenue including membership income increased 1.1% to $99.4 billion from $98.3 billion. The retail giant expects to report fourth quarter earnings in the range of of $1.08 to $1.12 a share. Wal-Mart also lifted its full-year outlook to $3.57 to $3.61 a share from a prior forecast in the range of $3.50 to $3.60 a share.
Kohl's Corp. (NYSE: KSS) said Thursday that its third-quarter net income jumped 20% to $193 million, or 63 cents a share, from $160 million, or 52 cents a share, in the comparable period last year. Revenue increased 6.5% to $4.1 billion.
Late on Wednesday, Applied Materials (NASDAQ: AMAT) reported a fiscal fourth-quarter profit of $138 million, or 10 cents a share, compared with a profit of $231 million, or 17 cents a share, in the year-earlier period. Revenue plunged to $1.53 billionfrom $2.04 billion for the same quarter last year. Adjusted income was 13 cents a share.
United Technologies Corp. (NYSE: UTX) announced Thursday that it has agreed to acquire the security business of General Electric Co. (NYSE: GE) for $1.8 billion.
Hewlett-Packard Co. (NYSE: HPQ) announced late Wednesday that it has agreed to acquire networking software and equipment maker 3Com Corp. (NASDAQ: COMS) for $2.7 billion or $7.90 a share. HP expects the deal to close during the first half of 2010. Separately, H-P also reported preliminary fiscal fourth-quarter earnings of 99 cents a share on revenue of $30.8 billion. On an adjusted basis, the pc maker earned $1.14 a share.During the same period a year ago, H-P earned 84 cents a share on $33.6 billion in sales.
Disclosure: Author does not own any of the stocks discussed here.
Thursday, November 12, 2009
By stockOzone team