The world's largest chip company Intel ( INTC) topped Wall Street's earnings expectations for the fourth quarter and gave a bullish outlook. Shares of Intel rose 1.1% to $21.52 in premarket trading, while related stock ARM Holdings ( ARMH), a European chip company, fell 4.7% to $25.93.
Hasbro ( HAS) said Friday it expects full-year 2010 revenue to decrease about 1.7% to $4 billion from $4.07 billion a year earlier. For the latest fourth quarter, Hasbro expects revenue to fall about 7% to $1.3 billion from a year earlier. On average, analysts were calling for revenue of $4.12 billion for the year and $1.4 billion in the fourth quarter. No premarket trades were reported for this stock. Shares of the company fell 5% to $42.40 at the closing bell Thursday.
Smith & Nephew ( SNN) said Friday it isn't engaged in merger discussions. Shares of the company fell 1.1% to $53.74.
Coinstar ( CSTR), the Bellevue, Wash.-based operator of coin-counting machines and DVD kiosks, made a deep cut to its financial outlook. Shares of Coinstar dropped 26.6% to $41.80 in early trading.
Sealy. ( ZZ) edged past Wall Street's profit expectations for the fourth quarter but missed on the top line. No premarket trades were made on Sealy. Shares of the company ended Thursday's trading session 1% higher at $2.99.
Cumberland Pharmaceuticals ( CPIX) received regulatory approval of a new formulation of its Acetadote Injection, an acetaminophen poisoning treatment. Shares of the company surged by 16.9% to $6.63.
Micron Technology ( MU) received an upgrade to to buy from neutral by Sterne Agee and to outperform from neutral by Baird amid anticipation of an improved DRAM (dynamic random access memory) pricing environment. Shares of Micron rose 0.7% to $9.70. >>Search for Highest Dividends by Rate or Yield
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