Company News for December 14, 2011 - Corporate Summary


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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
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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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