Financial Breakfast: Morning News Summary for July 30, 2012

Benzinga's Top News

Roper Industries ROP Reported Q2 EPS $1.15 vs $1.15 Est; Revenues $724.9M vs $746.97M Est

Armstrong World Industries AWI Reported Q2 EPS $0.71 vs $0.78 Est; Revenues $709.9M vs $762.39M Est

Roper Industries ROP to Acquire Sunquest Information Systems for $1.415B; Raises Guidance

Domestic Pre-Market Trading

• U.S. Equity Markets trade down as Dow futures trade lower about 18 points.
• U.S. Dollar trades about 0.11% higher.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.53%, Germany's DAX gained 0.78% and France's CAC 40 advanced 0.50% on the session.
• Asian stocks ended the session mixed. China's Shanghai fell 0.89%, Japan's Nikkei 225 added 0.80%, and the Hong Kong's Hang Seng Market gained 1.61%.

Upgrades/Downgrades

• Global Hunter Securities Upgrades Arch Coal ACI from Neutral to Buy

• Jefferies & Company Downgrades Eli Lilly LLY from Hold to Underperform, Lowers PT from $37 to $35

On the Economic Calendar

• 10:30 ET - Dallas Fed Mfg Business Index
• 11:30 - 3-Month Bill Auction
• 11:30 - 6-Month Bill Auction

Earnings

• Roper Industries ROP Reported Q2 EPS $1.15 vs $1.15 Est; Revenues $724.9M vs $746.97M Est
• Armstrong World Industries AWI Reported Q2 EPS $0.71 vs $0.78 Est; Revenues $709.9M vs $762.39M Est

Corporate News

• Roper Industries ROP to Acquire Sunquest Information Systems for $1.415B; Raises Guidance
• Sykes Enterprises SYKE to Acquire Alpine Access for $150M; Raises Q2 EPS Guidance, Cuts 2012 EPS, Rev Guidance
• Friday, Salix SLXP and Progenics PGNX Receive CRL from FDA for RELISTOR sNDA; FDA Requests More Data
• Chevron CVX to Expand Bangladesh Natural Gas Project
• OCZ Technology OCZ Rises 24% Pre-Market Ahead of Earnings After the Close, Rumored Seagate Takeover Announcement

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.02%
• Energy futures are trading lower, with crude oil posting early losses of about 0.04%
• Natural Gas futures are trading up about 2.06% and copper is trading down by about 0.18%

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