FA Notes Monday November 15, 2010
6:30 AAPL – Apple gets the rights to sell Beatles music. Link
6:24 URBN – Urban Outfitters reported Q3 earnings of 43c vs. 42c estimate and revenue of $573.6M vs. $582.9M estimate.
6:23 JWN – Nordstrom reported Q3 earnings of 53c vs. 52c estimate and revenue of $2.09B vs. $2.07B estimate. The company guided full years earnings to $2.60-2.65 vs. $2.64 estimate.
6:21 MCP – Molycorp reported Q3 earnings of -14c vs. -10c estimate and revenue of $8.4M vs. $13.6M estimate.
6:10 MMYT – MakeMyTrip said they received notice from the government seeking payment for an undisclosed amount of service taxes. Link
1:04 CMCSA AAPL – Comcast is making an iPad application which will let its customers watch their tv shows and movies on it. Link
1:02 Facebook is now worth more than eBay and is only behind Amazon.com and Google in terms of market valuation. Link
10:51 LOW – Lowe’s reported Q3 earnings of 31c vs. 30c estimate and revenue of $11.59B vs. $11.75B estimate. The company guided Q4 to 16-19c vs. 18c estimate and revenue of 2-4% growth.
10:50 GYMB – Gymboree reported Q3 earnings of $1.26 vs. $1.28 estimate and revenue of $280.9M vs. $285M estimate.
10:48 MMYT – MakeMyTrip reported Q2 earnings of 2c vs. 2c estimate and revenue of $12.9M vs. $13.7M estimate. The company guided FY2011 revenue to $58-61M vs. $61M estimate.
10:20 MEE MT – WSJ reports ArcelorMittal has expressed interest in Massey Energy if the company decides to sell itself. Link
10:12 NVDA INTC – Reports from SemiAccurate that Intel and Nvidia are close to a settlement over their legal patent battle. Sources says Nvidia may receive a $1 billion cash payment. Link
10:11 EMC ISLN – EMC announced the acquisition of Isilon for $33.85/share, a 29% premium over Friday’s close. Link
10:00 September business inventories +0.9% vs. +0.9% estimate.
9:56 HPQ – HP only builds 9,000 units of the HP Slate tablet. Link
9:18 GENZ – Genzyme has started talks with Takeda Pharmaceutical. According to the the Mail report Takeda could pay $82/share. Link
9:09 POT – BHP kills Potash bid. Link
9:02 CAT BUCY – Caterpillar agrees to buy Bucyrus International for $7.6 billion cash or $92 a share, a 32% premium over Friday’s close. Link