Company News for September 23, 2013 - Corporate Summary

By Zacks Equity Research,

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•    BlackBerry Ltd (NASDAQ: BBRY ) shares tanked 17.1% after the company announced a projected $1 billion loss in the second quarter. The company also said it will cut 40% of its workforce

•    Shares of Darden Restaurants, Inc. (NYSE: DRI ) were down 7.1% after posting a first-quarter fiscal 2014 earnings from continuing operations of 53 cents per share, lower than the Zacks Consensus Estimate of 69 cents

•    U.S. regulators classified Prudential Financial Inc. (NYSE: PRU ) to be big enough to present systematic risk. Following the development, Prudential shares dropped 0.6%

•    Caterpillar Inc (NYSE: CAT ) shares lost 3.4% after it reported a 10% decline in rolling global sales in the three months through August

BLACKBERRY LTD (BBRY): Free Stock Analysis Report

CATERPILLAR INC (CAT): Free Stock Analysis Report

DARDEN RESTRNT (DRI): Free Stock Analysis Report

PRUDENTIAL FINL (PRU): 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: BBRY , CAT , DRI , PRU

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