Company News for January 16, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Shares of JP Morgan Chase & Co. (NYSE: JPM ) declined 2.5% after the company reported its fourth quarter earnings per share of $0.90, lower than the Zacks Consensus Estimate of $0.92

•    According to The Wall Street Journal, federal prosecutors were inquiring if the financial practices of Diamond Foods, Inc. (NASDAQ: DMND ) involved criminal fraud. Shares of the company slumped 10.3%

•    A day after Rovi Corporation (NASDAQ: ROVI ) projected a strong outlook for 2012 and announced that it would sell a product line to Corel Corp, its shares jumped 10.5%

•    Archer Daniels Midland gave notice to Metabolix, Inc. (NASDAQ: MBLX ) that the former was terminating the Telles joint venture. Shares of Metabolix suffered a fall of 57.6%

DIAMOND FOODS ( DMND ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
METABOLIX INC ( MBLX ): Free Stock Analysis Report
ROVI CORP ( ROVI ): Free Stock Analysis Report
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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: DMND , JPM , MBLX , ROVI

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