Company News for December 14, 2011 - Corporate Summary

By Zacks Equity Research,

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•    Best Buy (NYSE: BBY ) posted Q3 EPS of $0.47 per share, lower than the Zacks Consensus Estimate of $0.51 per share. Revenue for the quarter rose 2% to come in at $12.1 billion

•    Share prices of Urban Outfitters (NASDAQ: URBN ) rose 5.33% after the apparel retailer revealed in a regulatory filling that same store sales in its retail segment were rising

•    Medical-device maker Baxter International Inc. (NYSE: BAX ) agreed to buy surgical instruments maker Synovis Life Technologies, Inc. (NASDAQ: SYNO ) for $325 million. Following this development, share prices of Synovis Life Technologies Inc surged more than 50% to close at $27.78 a share

•    Shares of financial data provider FactSet Research Systems Inc. (NYSE: FDS ) fell 6.87% to close at $88.24 after the company's fiscal first-quarter revenues came in below expectations

•    Share prices of chip maker Intel Corp. (NASDAQ: INTC )  fell 1.83%, a day after the company lowered its fourth-quarter revenue outlook due to hard-disk drive shortage

BAXTER INTL ( BAX ): Free Stock Analysis Report
BEST BUY ( BBY ): Free Stock Analysis Report
FACTSET RESH ( FDS ): Free Stock Analysis Report
INTEL CORP ( INTC ): Free Stock Analysis Report
SYNOVIS LIF TEC ( SYNO ): Free Stock Analysis Report
URBAN OUTFITTER (URBN): Free Stock Analysis Report
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: BAX , BBY , FDS , INTC , SYNO

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