(BSX) Company News for July 29, 2011 – Corporate Summary

•    Credit Suisse (NYSE:CS) announced that it will cut 2,000 jobs worldwide after the banking giant was hit by a decline in second quarter profits and an appreciating Swiss franc

•    A report from Sky News said that banking major HSBC (NYSE:HBC) may soon axe 10,000 of its employees as part of a cost reduction exercise

•    Tyco International (NYSE:TYC) posted Q3 EPS of $0.85, surpassing the Zacks Consensus Estimate of $0.72 per share. Revenue for the quarter rose 0.4% year-over-year to $4.29 billion, beating the Zacks Consensus Estimate of $4.222 billion

•    Starwood Hotels (NYSE:HOT) posted Q2 EPS of $0.50, ex-items, exceeding the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 10.6% year-over-year to $1.43 billion, higher than the Zacks Consensus Estimate of $1.406 billion

•    DuPont (NYSE:DD) posted Q2 EPS of $1.37, above the Zacks Consensus Estimate of $1.33 per share. Revenues for the quarter rose 19% year-over-year to $10.26 billion, beating the Zacks Consensus Estimate of $9.951 billion

•    ITC Holdings (NYSE:ITC) posted Q2 EPS of $0.83, higher than the Zacks Consensus Estimate of $0.81 per share. Revenues for the quarter rose 9.9% year-over-year to $185.1 million, lower than the Zacks Consensus Estimate of $188.0 million

•    Logitech International (NASDAQ:LOGI) reported a Q1 loss of $0.17 per share. Analysts at Zacks had expected an EPS of $0.03 per share. Revenues rose less than 1% year-over-year to $480 million, lower than the Zacks Consensus Estimate of $505.0 million

•    Shares of Boston Scientific Corp. (NYSE:BSX) gained more than 10% in morning trade after the heart stent maker increased its profit forecast for the fiscal

•    Analysts at Goldman Sachs (NYSE:GS) upgraded shares of Cisco Systems (NASDAQ:CSCO) from “Neutral” rating to “Buy” rating with a target price of $21.00 on the stock

BOSTON SCIENTIF (BSX): Free Stock Analysis Report

CREDIT SUISSE (CS): Free Stock Analysis Report

CISCO SYSTEMS (CSCO): Free Stock Analysis Report

DU PONT (EI) DE (DD): Free Stock Analysis Report

GOLDMAN SACHS (GS): Free Stock Analysis Report

HSBC HOLDINGS (HBC): Free Stock Analysis Report

STARWOOD HOTELS (HOT): Free Stock Analysis Report

ITC HOLDINGS CP (ITC): Free Stock Analysis Report

LOGITECH INTL (LOGI): Free Stock Analysis Report

TYCO INTL LTD (TYC): Free Stock Analysis Report

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.

Comments

Powered by Facebook Comments


Similar Posts: | | | | | | | | | | | | | | | | | | | | Healthcare

RSS feeds: Boston Scientific Corporation | BSX | Cisco Systems | Credit Suisse Group | CS | CSCO | DD | EI DuPont de Nemours & Company | Goldman Sachs Group | GS | HBC | HOT | HSBC HLDGS PLC ADS | ITC | ITC Holdings Corporation | LOGI | Logitech International SA | Starwood Hotels & Resorts Worldwide Inc | TYC | Tyco International Limited | Healthcare |

Other Posts by | RSS Feed for this author