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Benzinga's Volume Movers (SNCR, XIDE, HAIN, IPHS)
Tuesday, February 8, 2011 - 11:36am | 149Synchronoss Technologies Inc (NASDAQ: SNCR) shares moved up 11.72% to $34.80 at 10:35 am. The volume of SNCR shares traded was 1031% higher than normal. SNCR reported upbeat Q4 earnings. Exide Technologies (NASDAQ: XIDE) shares rose 14.16% to $11.93. The volume of XIDE shares traded was 1009%...
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Sara Lee CEO Says No Restrictions if Someone Wants to Buy the Company Prior to Spin-off
Tuesday, February 8, 2011 - 11:29am | 31Sara Lee (NYSE: SLE) CEO says there are no restrictions, if someone wants to buy the whole company prior to the planned spin-off.
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News Summary
Tuesday, February 8, 2011 - 10:33am | 281Shares of Sara Lee Corp (NYSE: SLE) dropped about 0.7% after the company reported its fiscal second-quarter results. SLE's earnings came in at $1.37 per share, up from $0.53 per share, in the year-earlier period. The company's sales dropped to $2.35 billion from $2.36 billion. On an adjusted basis...
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Flowers Foods Reports Slight 4Q EPS Miss, Deutsche Bank Maintains Hold
Tuesday, February 8, 2011 - 9:57am | 231Deutsche Bank has published a research report on Flowers Foods, Inc. (NYSE: FLO) after the company reported 4Q EPS slightly below analyst estimates. In the report, Deutsche Bank writes "Flowers reported opr. 4Q10 EPS of $0.34 vs. our $0.38 est and consensus of $0.39. There were no one-time items in...
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The J. M. Smucker Company Announces 10% Increase in Coffee Price
Tuesday, February 8, 2011 - 9:07am | 128The J. M. Smucker Company (NYSE: SJM) announced today that it increased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers® and Dunkin' Donuts® brand names. Prices will increase an average of 10 percent on impacted...
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Sara Lee More Than Doubles Profit But Misses Estimates (SLE)
Tuesday, February 8, 2011 - 8:55am | 177Downers Grove, Illinois-based Sara Lee Corporation (NYSE: SLE) on Tuesday morning released financial results. Sara Lee Corporation reported that its 2nd quarter net income climbed to $880 million, or $1.37 per share, up from $371 million, or 53 cents per share, a year earlier. The company reported...
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Jefferies Raises PT On Hain Celestial To $33
Tuesday, February 8, 2011 - 8:46am | 27Jefferies & Company has raised the price target on Hain Celestial (NASDAQ: HAIN) from $30 to $33 and maintains its Buy rating.
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Sara Lee to Pay $3 Special Dividend
Tuesday, February 8, 2011 - 8:34am | 54In conjunction with the planned separation, Sara Lee (NYSE: SLE) board of directors intends to declare a $3.00 per share special dividend on the company's common stock, the majority of which will be funded with proceeds from the sale of the company's North American Fresh Bakery business.
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Sara Lee Reports Q2 EPS of $.24 vs. $.25
Tuesday, February 8, 2011 - 8:31am | 74Sara Lee Corp. (NYSE: SLE): Adjusted net sales1 up 1.8% in the quarter, driven by top-line improvement in the two growth businesses- North American Retail and International Beverage; reported net sales essentially flat Diluted EPS as reported of $1.37 compared to $0.53 in year-ago period...
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Flowers Foods Reports Q4 EPS of $.34 vs. $.39
Tuesday, February 8, 2011 - 8:21am | 67Flowers Foods, Inc. (NYSE: FLO), earlier today reported results for its fourth quarter and fiscal year ended January 1, 2011. Fourth quarter sales decreased .6% to $573.1 million from the $576.8 million reported for last year's fourth quarter. Reported diluted earnings per share of $.34 for the...
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US Stock Futures Flat As China's Central Bank Lifts Interest Rates
Tuesday, February 8, 2011 - 7:27am | 329US stock futures are flat this morning after China's central bank raised interest rates. Futures on the Dow Jones Industrial Average rose 5 points to 12,113.00 and S&P 500 futures dropped 0.20 point to 1,315.60. Nasdaq 100 futures gained 0.50 point to 2,345.50. US stocks closed higher, with...
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Earnings Scheduled For February 8 (CVH, DIS, MNI, MFE, TEVA, PBI, AVP, SLE, ETR, TTWO)
Tuesday, February 8, 2011 - 5:31am | 270Coventry Health Care Inc (NYSE: CVH) is expected to post its Q4 earnings at $0.88 per share on revenue of $3.01 billion. Walt Disney (NYSE: DIS) is projected to report its earnings at $0.56 per share on revenue of $10.52 billion in first quarter. McClatchy Co (NYSE: MNI) is expected to post its Q4...
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Stocks To Watch For February 8 (MFE, IT, DIS, GLUU, SLE)
Tuesday, February 8, 2011 - 5:06am | 238Some of the stocks that may grab investor focus today are: Wall Street expects McAfee Inc (NYSE: MFE) to report its Q4 EPS at $0.69 on revenue of $545.28 million. MFE shares fell 0.10% to close at $47.90 yesterday. Gartner Inc (NYSE: IT) reported its Q4 profit at $36.7 million, or $0.37 per share,...
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Nobody Likes Sara Lee's Board (SLE)
Monday, February 7, 2011 - 3:16pm | 464That's what some are asking, after Sara Lee (NYSE: SLE) decided to break itself up, instead of selling itself as a whole. The board of directors has had three chances to sell itself in the past year, and all of them have come up fruitless. Bids from Brazilian food company JBS, KKR (NYSE: KKR) and...
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Puts Purchased on Dean Foods Company (DF)
Monday, February 7, 2011 - 12:54pm | 152Shares of Dean Foods Company (NYSE: DF) are higher on the session by 0.39%, currently trading at $10.40. The stock has been moving largely higher over the past two months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...