Thursday, 12 July 2012

Earnings Watch


v 
Marriott profit up on strength in N. America, Asia,Marriott earned $143 million, or 42 cents a share, on the period, up from $135 million, or 37 cents a share in the same quarter a year ago.
v Cummins raises dividend, warns on revenue, Cummins Inc. said Tuesday that its board approved a boost in the company's quarterly cash dividend by 25% to 50 cents a share.
v Mako plunges 40% on sales forecast, Shares of Mako Surgical plunged 40% to $14.80 on Tuesday, the day after the medical-device maker lowered its full-year financial forecast.
v Applied Materials lowers outlook, shares slump. Applied Materials Inc. lowered its outlook for the current fiscal year on Tuesday morning, citing "weaker than expected near-term demand" in its semiconductor manufacturing equipment business.

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