Company News for October 10, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Shares of Edwards Lifesciences Corp. (NYSE: EW ) slumped 21.2% after it slashed its third quarter 2012 estimates. Revenues are now expected to come in at $448 million, down from earlier projections of $465−$485 million

•    Shares of Spectrum Brands Holdings, Inc. (NYSE: SPB ) jumped 11.9% after it agreed to buy Stanley Black & Decker, Inc.'s (NYSE: SWK ) hardware and home-improvement unit for $1.4 billion

•    Owens Corning's (NYSE: OC ) shares dropped 8.4% after poor performance of its roofing and composites unit led the company to slash earnings forecasts for 2012

•    Matrixx Initiatives upped its buyout offer for ProPhase Labs, Inc. (NASDAQ: PRPH ) to $1.60 per share from the earlier offer of $1.40

EDWARDS LIFESCI (EW): Free Stock Analysis Report
OWENS CORNING (OC): Free Stock Analysis Report
(PRPH): ETF Research Reports
SPECTRUM BRANDS (SPB): Free Stock Analysis Report
STANLEY B&D INC (SWK): 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: EW , OC , PRPH , SPB , SWK

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