Company News for July 16, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Acme Packet, Inc. (NASDAQ: APKT ) rose 3.6% after the company's Board authorized a buyback plan of $200 million shares which is expected to continue till July 31,2013

•    Shares of Wells Fargo & Company (NYSE: WFC ) gained 3.2% after it posted second quarter earnings per share of $0.82, surpassing the Zacks Consensus Estimate of $0.81 by a penny

•    Lexmark International Inc. (NYSE: LXK ) plunged 16.2% after it lowered its earnings forecast for the second quarter due to lower European demand and currency fluctuations

•    Webster Financial Corporation (NYSE: WBS ) surged 4.5% after it reported second quarter earnings per share of $0.44, matching the Zacks Consensus Estimate of $0.44

ACME PACKET INC (APKT): Free Stock Analysis Report
LEXMARK INTL (LXK): Free Stock Analysis Report
WEBSTER FINL CP (WBS): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): 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: APKT , LXK , WBS , WFC

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