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Company News for April 9, 2013 - Corporate Summary

Posted
4/9/2013 10:36:00 AM
By: Zacks.com
Referenced Stocks:AMD;AVP;AZZ;GE;LUFK

•    Shares of Lufkin Industries, Inc. (NASDAQ: LUFK ) surged 37.6% after General Electric Company (NYSE: GE ) agreed to purchase Lufkin. The deal is valued at around $3.3 billion or $88.50 per share

•    Avon Products, Inc. (NYSE: AVP ) rose 1.7% after it announced it reducing over 400 jobs and quitting Ireland. These steps were taken in accordance with a  $400 million cost-cutting plan

•    Shares of Advanced Micro Devices, Inc. (NYSE: AMD ) surged 13.1% following a Bloomberg report according to which AMD's chips will be used by Microsoft Corporation (NASDAQ: MSFT ) for their next Xbox

•    AZZ Incorporated (NYSE: AZZ ) reported fourth quarter earnings per share of $0.50, beating the Zacks Consensus Estimate of $0.49



ADV MICRO DEV (AMD): Free Stock Analysis Report

AVON PRODS INC (AVP): Free Stock Analysis Report

AZZ INC (AZZ): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

LUFKIN INDS (LUFK): Free Stock Analysis Report

MICROSOFT CORP (MSFT): Free Stock Analysis Report

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