Company News for December 9, 2011 - Corporate Summary

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•    G-III Apparel Group Ltd.'s (NASDAQ: GIII ) shares jumped 17.98% a day after the clothing maker's third-quarter profit topped Street's expectations

•    Share prices of teen-apparel retailer Pacific Sunwear of California Inc. (NASDAQ: PSUN ) surged 10.37% to $1.49 following the retailer's announcement to shut down nearly a quarter of its total stores

•    Invacare Corp.'s (NYSE: IVC ) shares lost 28.57% to close at $14.70 after U.S. Food and Drug Administration suggested the medical-equipment maker to suspend operations at some of its facilities

•    Share prices of video-game publisher THQ Inc.(NASDAQ: THQI ) plummeted 38.34% a day after the company said its revenue for the third quarter would be lower than estimated

•    Costco Wholesale Corp. (NYSE: COST ) reported Q1 EPS of $0.73 lower than the Zacks Consensus Estimate of $0.80 per share. Revenues for the quarter rose 12% to come in at $21.63 billion

•    Ciena (NASDAQ: CIEN ) reported its Q4 results, posting an EPS of $0.03 which came in higher than the Zacks Consensus Estimate for a loss of $0.03 per share. Revenue rose 9.1% on year-over-year basis to $455.5 million

•    International Business Machines Corp. (NYSE: IBM ) agreed to buy DemandTec Inc (NASDAQ: DMAN ), the web-based software provider, in an all cash transaction worth $440 million. Reacting to the event, the share prices of the DemandTec rose 55.59% to close at $13.15 a piece


 
CIENA CORP ( CIEN ): Free Stock Analysis Report
 
COSTCO WHOLE CP ( COST ): Free Stock Analysis Report
 
G-III APPAREL ( GIII ): Free Stock Analysis Report
 
INTL BUS MACH ( IBM ): Free Stock Analysis Report
 
INVACARE CORP ( IVC ): Free Stock Analysis Report
 
PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report
 
THQ INC (THQI): 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Investing Ideas , Stocks

Referenced Stocks: CIEN , COST , GIII , IBM , IVC

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