Company News for September 25, 2012 - Corporate Summary

By Zacks Equity Research,

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• Lennar Corporation (NYSE: LEN ) reported third quarter earnings per share of $0.34, higher than the Zacks Consensus Estimate of $0.27


• Shares of Rambus Inc. (NASDAQ: RMBS ) rose 17.6% after a judge in California delivered a judgement as per which it is entitled to receive royalties from rival SK Hynix Inc. for patent infringement


• TiVo Inc. (NASDAQ: TIVO ) soared 4% after it announced that a pending patent suit with Verizon Communications Inc. (NYSE: VZ ) has been settled for $250.4 million and that it has entered into a patent licensing agreement with Verizon 


• Shares of Peregrine Pharmaceuticals (NASDAQ: PPHM ) plunged 78.5% after it announced that some major discrepancies have been found in results from a mid-stage drug study. The study was conducted by a third-party contractor who has been held liable for the errors 


LENNAR CORP -A (LEN): Free Stock Analysis Report
PEREGRINE PHARM (PPHM): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
TIVO INC (TIVO): 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 Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: LEN , PPHM , RMBS , TIVO , VZ

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