Company News for December 19, 2011 - Corporate Summary

By Zacks Equity Research,

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•    Zynga, Inc. (NASDAQ: ZNGA ) made its debut on the Nasdaq and dropped 5.0% to $9.50. The company's initial public offering was priced at $10.00 per share

•    Shares of Adobe Systems Inc. (NASDAQ: ADBE ) jumped 6.6% a day after reporting fully diluted pro forma earnings per share of $0.55, topping the Zacks Consensus Estimate of $0.50 per share

•    United Rentals, Inc.'s (NYSE: URI ) $1.9 billion acquisition bid for RSC Holdings, Inc. (NYSE: RRR ) helped RSC's shares gain a whopping 57.9%

•    Shares of Cablevision Systems Corporation (NYSE: CVC ) plummeted 8.5% after the company said that its chief operating officer has planned to vacate office this month

•    Valeant Pharmaceuticals International, Inc.'s (NYSE: VRX ) acquisition offer of ISTA Pharmaceuticals Inc. (NASDAQ: ISTA ) for $6.50 per share took the latter's stocks up by 71.7%

•    Darden Restaurants, Inc.'s (NYSE: DRI ) second quarter fiscal 2012 earnings from continuing operations came in at $0.42 per share, in line with the Zacks Consensus Estimate


ADOBE SYSTEMS ( ADBE ): Free Stock Analysis Report
CABLEVISION SYS ( CVC ): Free Stock Analysis Report
DARDEN RESTRNT ( DRI ): Free Stock Analysis Report
ISTA PHARMA INC ( ISTA ): Free Stock Analysis Report
RSC HOLDINGS ( RRR ): Free Stock Analysis Report
UTD RENTALS INC (URI): 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: ADBE , CVC , DRI , ISTA , RRR

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