Markets

Company News for December 9, 2011 - Corporate Summary

• G-III Apparel Group Ltd.'s (NASDAQ: GIII ) shares jumped 17.98% a day after the clothing maker's third-quarter profit topped Street's expectations

• Share prices of teen-apparel retailer Pacific Sunwear of California Inc. (NASDAQ: PSUN ) surged 10.37% to $1.49 following the retailer's announcement to shut down nearly a quarter of its total stores

• Invacare Corp.'s (NYSE: IVC ) shares lost 28.57% to close at $14.70 after U.S. Food and Drug Administration suggested the medical-equipment maker to suspend operations at some of its facilities

• Share prices of video-game publisher THQ Inc.(NASDAQ: THQI ) plummeted 38.34% a day after the company said its revenue for the third quarter would be lower than estimated

• Costco Wholesale Corp. (NYSE: COST ) reported Q1 EPS of $0.73 lower than the Zacks Consensus Estimate of $0.80 per share. Revenues for the quarter rose 12% to come in at $21.63 billion

• Ciena (NASDAQ: CIEN ) reported its Q4 results, posting an EPS of $0.03 which came in higher than the Zacks Consensus Estimate for a loss of $0.03 per share. Revenue rose 9.1% on year-over-year basis to $455.5 million

• International Business Machines Corp. (NYSE: IBM ) agreed to buy DemandTec Inc (NASDAQ: DMAN ), the web-based software provider, in an all cash transaction worth $440 million. Reacting to the event, the share prices of the DemandTec rose 55.59% to close at $13.15 a piece

CIENA CORP ( CIEN ): Free Stock Analysis Report

COSTCO WHOLE CP ( COST ): Free Stock Analysis Report

G-III APPAREL ( GIII ): Free Stock Analysis Report

INTL BUS MACH ( IBM ): Free Stock Analysis Report

INVACARE CORP ( IVC ): Free Stock Analysis Report

PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report

THQ INC (THQI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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