Company News for June 4, 2012 - Corporate Summary

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•    Shares of HUGHES Telematics, Inc. (OTC: HUTC ) surged 171% after Verizon Communications Inc.(NYSE: VZ ) agreed to purchase the company for $612 million in cash. The acquisition is expected to be completed by Q3 of 2012 at $12 a share

•    Ascena Retail Group Inc (NASDAQ: ASNA ) posted third quarter earnings per share of $0.34, missing the Zacks Consensus Estimate of $0.36

•    Vera Bradley, Inc. (NASDAQ: VRA ) reported first quarter earnings per share of $0.31, beating the Zacks Consensus Estimate of $0.29

•    OmniVision Technologies, Inc. (NASDAQ: OVTI ) fell 17.2%, a day after it posted fourth quarter earnings per share of $0.05, missing the Zacks Consensus Estimate of $0.09
 


 
ASCENA RETAIL (ASNA): Free Stock Analysis Report
 
(HUTC): ETF Research Reports
 
OMNIVISION TECH (OVTI): Free Stock Analysis Report
 
VERA BRADLEY (VRA): Free Stock Analysis Report
 
VERIZON COMM (VZ): 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 The NASDAQ OMX Group, Inc.



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

Referenced Stocks: ASNA , HUTC , OVTI , VRA , VZ

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