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Company News for June 24, 2016

• Shares of Red Hat, Inc. ( RHT ) declined 1.7% after the company projected second-quarter earnings per share of $0.54, which is below analysts' estimate of $0.55 a share

• Shares of Bank of America Corporation ( BAC ) gained 3.2% after the company said that it is moving closer to settle allegations that it violated rules designed to safeguard client accounts by paying about $400 million to $450 million

• Macy's, Inc. ( M ) shares advanced 1.7% after the company announced that its CEO Terry Lundgren will step down next year, since the company failed to acclimatize to changing consumer demands

• Shares of BlackBerry Limited ( BBRY ) gained 3.9% after the company posted first-quarter fiscal 2017 loss of $0.02 per share, narrower than the Zacks Consensus Estimate of a loss of $0.1

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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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