games

banggood 18% OFF Magic Cabin Hat Country LLC HearthSong 15% Off Your First Purchase! Code: WELCOME15 Stacy Adams

Thursday, April 12, 2012

Stocks to watch: Google, Rite Aid - MSN Money

google - Google News
Google News
Stocks to watch: Google, Rite Aid - MSN Money
Apr 12th 2012, 12:07

By Joseph Woelfel

Google (GOOG) is expected to report first-quarter earnings after Thursday's close, and analysts expect a profit of $9.65 a share on revenue of $8.14 billion. Think Equity previewed Google's numbers last week and reiterated its buy rating on the stock and $714 price target. Think Equity expects above-consensus earnings of $9.91 a share on revenue of $8.15 billion. Google shares closed Wednesday at $635.96.

Rite Aid (RAD) is expected to post a fiscal-fourth-quarte​r loss of 14 cents a share on revenue of $7.12 billion. Analysts forecast a rise in same-store sales of 3%.

The Securities and Exchange Commission could announce Thursday that Goldman Sachs (GS) will pay $22 million to settle allegations the bank didn't have adequate policies to prevent research from being passed inappropriately to preferred clients, Reuters reported. The SEC's case against Goldman is expected to be similar to one Goldman settled last year with Massachusetts securities regulators, several sources told Reuters. The $22 million penalty will resolve charges by both the SEC and the Financial Industry Regulatory Authority. The SEC agreed to the terms of the settlement a few weeks ago.

Sony (SNE) confirmed it's cutting 10,000 jobs, or about 6% of its global workforce, and forecast that it will make its TV business, which has lost money for eight straight years, profitable again by fiscal 2014. Sony on Tuesday said it projects an annual loss of 520 billion yen ($6.4 billion), much wider than earlier predictions of a loss of 220 billion yen, and its worst loss ever.

Other companies reporting quarterly results on Thursday include Fastenal (FAST), JB Hunt Transport Services (JBHT) and Talbots (TLB).

Related Articles

This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

No comments:

Post a Comment