Company News for July 13, 2012 - Corporate Summary

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•    Shares of Marriott International, Inc. (NYSE: MAR ) dropped 6.4% yesterday after reporting second quarter 2012 earnings of $0.42 per share, at par with the Zacks Consensus Estimate. Marriot also lowered its fee revenue estimates


•    SUPERVALU INC. (NYSE: SVU ) crashed 49.2% a day after reporting first quarter fiscal 2013 earnings per share of $0.19, sharply lower than the Zacks Consensus Estimate of $0.38. Further, the company suspended its dividend.


•    Shares of The Procter & Gamble Company (NYSE: PG ) jumped 3.8% on reports that Pershing Square Capital Management LP has been granted early antitrust approval by the Federal Trade Commission which will enable it to acquire a large stake in the company


•    Fastenal Company (NASDAQ: FAST ) jumped 6.3% a day after it announced second quarter  2012 diluted earnings of $0.38 a share, a penny ahead of the Zacks Consensus Estimate


 


 
FASTENAL (FAST): Free Stock Analysis Report
 
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
 
PROCTER & GAMBL (PG): Free Stock Analysis Report
 
SUPERVALU INC (SVU): 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: FAST , MAR , PG , SVU

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