Morning Movers 10/20: ING Higher On Cash Infustion; Prudential (PRU) Lower On Downgrade
StreetInsider.com Morning Movers:
HLTH Corporation (Nasdaq: HLTH) 22% LOWER; HLTH Corporation and WebMD Health Corp. (Nasdaq: WBMD) Announce Termination of Merger Agreement
Syneron Medical (Nasdaq: ELOS) 12% LOWER; sees Q3 EPS between $0.11 and $0.13, versus the analyst estimate of $0.27. Syneron sees revenues for the quarter between $29 million to $30 million, versus the consensus of $36 million.
ING Groep NV (NYSE: ING) 10% HIGHER; largest Dutch financial firm received a 10 billion Euro cash infusion from the Netherlands.
Halliburton Company (NYSE: HAL) 8% HIGHER; Tops Q3 EPS by 2c
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) 7% HIGHER; Goldman upgrades to Buy
Prudential Financial Inc. (NYSE: PRU) 6.7% LOWER; Goldman downgrades to Sell
SunPower Corporation (Nasdaq: SPWRA) 5% HIGHER; Societe Generale upgrades to Hold
Applied Materials Inc. (Nasdaq: AMAT) 4% HIGHER; Goldman upgrades to Buy
Monster Worldwide, Inc. (Nasdaq: MNST) 3% LOWER; Citi downgrades to Hold
Eaton (NYSE: ETN) 3% LOWER; reports Q3 earnings of $1.95 per share, ex-items, above the consensus of $1.88. Revenues came in at $4.11 billion, versus the consensus of $4.15 billion. Sees Q4 EPS of $1.70-$1.80 versus the consensus of $1.91. Sees FY08 EPS of $7.45-$7.55 versus the consensus of $7.60.
MetLife, Inc. (NYSE: MET) 2.4% LOWER; Goldman downgrades to Neutral
Kraft Foods Inc. (NYSE: KFT) 2% HIGHER; UBS upgrades to Buy
Hormel Foods Corporation (NYSE: HRL) INDICATED LOWER; cuts its FY08 EPS guidance from $2.22-$2.28 to $2.03-$2.09, versus the Street estimate of $2.25
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