(ACHN) Company News for September 9, 2011 – Corporate Summary

•    Smithfield Foods (NYSE:SFD) posted Q1 EPS of $0.69, surpassing the Zacks Consensus Estimate of $0.68 per share. Revenues for the quarter rose 6.6% year-over-year to $3.09 billion

•    PerkinElmer, Inc. (NYSE:PKI) said it will acquire Caliper Life Sciences Inc. (NASDAQ:CALP) in a deal worth about $600 million. Following this development, shares of the genomic-detection tech maker advanced 41.14% to close at $10.43

•    Shares of retailer Casey’s General Stores, Inc. (NASDAQ:CASY) declined 6.54% after the company reported first-quarter earnings results that came in below the Street’s expectations

•    Zagat, which provides reviews of bars, restaurants and shopping locations, will be acquired by Google (NASDAQ:GOOG). However, Google remained silent on the terms and conditions of the deal

•    Clothing and luggage maker G-III Apparel Group, Ltd.’s (NASDAQ:GIII) share prices fell 16.89% after the company projected third quarter earnings below expectations

•    Achillion Pharmaceuticals (NASDAQ:ACHN) shares increased 8.39% to close at $6.20 after analysts at Piper Jaffray (NYSE:PJC) initiated coverage on shares of the company with an “Overweight” rating

•    Analysts at Rodman & Renshaw initiated shares of Silicom Limited (NASDAQ:SILC) with a “Market Outperform” rating and a target price of $20

•    Gramercy Capital’s (NYSE:GKK) shares rose 13.06% after a report claimed that 133,000 shares of Gramercy Capital were purchased by Indaba Capital Fund for $3.13 per share

ACHILLION PHARM (ACHN): Free Stock Analysis Report

CALIPER LIFE SC (CALP): Free Stock Analysis Report

CASEYS GEN STRS (CASY): Free Stock Analysis Report

G-III APPAREL (GIII): Free Stock Analysis Report

GRAMERCY CAP CP (GKK): Free Stock Analysis Report

GOOGLE INC-CL A (GOOG): Free Stock Analysis Report

PIPER JAFFRAY (PJC): Free Stock Analysis Report

PERKINELMER INC (PKI): Free Stock Analysis Report

SMITHFIELD FOOD (SFD): Free Stock Analysis Report

SILICOM LIMITED (SILC): Free Stock Analysis Report

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