Company News for July 13, 2012 - Corporate Summary

By Zacks Equity Research,

Shutterstock photo

•    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
To read this article on click here.
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: FAST , MAR , PG , SVU

More from


Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by