Notable 52-Week Highs and Lows of the Day 10/16: (SIRI) (KR) (MAT) High; (AONE) (RATE) (OCZ) Low

Go back to Notable 52-Week Highs and Lows of the Day 10/16: (SIRI) (KR) (MAT) High; (AONE) (RATE) (OCZ) Low

Kroger (KR) Raises Long-Term EPS Growth Outlook; Approves $500M Buyback

October 16, 2012 12:18 PM EDT

The Kroger Co. (NYSE: KR) today unveiled its long-term strategy for enhanced growth at its investor conference in New York. Building on strong momentum from its proven Customer 1st strategy, the company said it will invest in a targeted expansion strategy to increase square footage and store penetration in existing markets and enter new markets.

Kroger raised its long term, fully-diluted earnings per share growth target from 6 to 8 percent to 8 to 11 percent, plus a current dividend of 2.5 percent. To support its growth strategy, Kroger expects to increase capital spending by an incremental $200 million... More

Pivotal Research Boosts Price Target on Sirius XM Radio (SIRI) on Strong LT Sub Growth

October 16, 2012 11:31 AM EDT

Pivotal Research lifted its price target on Buy-rated Sirius XM Radio (NASDAQ: SIRI) from $3.00 to $3.45 citing "higher long term forecast subscriber growth post better-than-expected pre-announced 3Q subscriber growth & solid overall auto results and a decision to raise our '16 terminal EBITDA multiple 9x to... More

BofA/Merrill Lynch Adds SIRIUS XM Radio (SIRI) to its U.S. 1 List

October 16, 2012 11:23 AM EDT

BofA/Merrill Lynch added SIRIUS XM Radio Inc. (NASDAQ: SIRI) to its U.S. 1 List today and reiterated their Buy rating and $4 price target.... More

Johnson & Johnson (JNJ) Provides Investors Positive Q3 Surprise

October 16, 2012 9:55 AM EDT

Today blue chip medical company Johnson & Johnson (NYSE: JNJ) reported third quarter results that were, on the whole, better than expected.

For the third quarter of 2012, J&J reported EPS of $1.25, four cents better than analyst estimates, and 1 cent better than last year.... More

A123 Systems (AONE) Affirms Ch. 11 Bankruptcy Filing; Enters $72.5M DIP Financing Agreement

October 16, 2012 9:33 AM EDT

A123 Systems, Inc. (Nasdaq: AONE) said that itself and all of its U.S. subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Headlines about the filing hit the wires earlier.... More

A123 Systems (AONE) to Sell Automotive Tech Assets to Johnson Controls (JCI) for $125M

October 16, 2012 9:28 AM EDT

A123 Systems, Inc. (Nasdaq: AONE) has entered into an asset purchase agreement with Johnson Controls, Inc. (NYSE: JCI) in a transaction valued at $125 million. Under the terms of the agreement, Johnson Controls plans to acquire A123's automotive business assets, including all of its automotive technology, products and customer contracts; its facilities in Livonia and Romulus, Michigan; its cathode powder manufacturing facilities in China, and A123's equity interest in Shanghai Advanced Traction Battery Systems Co., A123's joint venture with Shanghai Automotive. The asset purchase... More

A123 Systems (AONE) Sinks Lower After Filing for Bankruptcy Protection

October 16, 2012 8:56 AM EDT

A123 Systems, Inc. (Nasdaq: AONE) is extending losses early Tuesday following headlines that the company has filed for bankruptcy protection in Delaware.

The potential was hinted at in... More

A123 SYSTEMS, Inc. (AONE) files for bankruptcy protection in Delaware

October 16, 2012 8:51 AM EDT

A123 SYSTEMS, Inc. (NASDAQ: AONE) files for bankruptcy protection in Delaware... More

Johnson & Johnson (JNJ) Tops Q3 EPS by 4c; Boosts FY12 EPS Outlook

October 16, 2012 7:46 AM EDT

Johnson & Johnson (NYSE: JNJ) reported Q3 EPS of $1.25, $0.04 better than the analyst estimate of $1.21. Revenue for the quarter came in at $17.1 billion versus the consensus estimate of $16.95 billion.

Johnson & Johnson sees FY2012 EPS of $5.05-5.10, versus prior guidance of $5.00-5.07 and the consensus of $5.06.... More

Mattel, Inc. (MAT) Tops Q3 EPS by 5c; Revs In-Line with Views

October 16, 2012 6:05 AM EDT

Mattel, Inc. (NASDAQ: MAT) reported Q3 EPS of $1.04, $0.05 better than the analyst estimate of $0.99. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.08 billion.

North American gross sales up 6% and International gross sales up 2%

For earnings history and earnings-related data on Mattel, Inc. (MAT) click here.... More

Bankrate (RATE) Preliminary Q3 EPS, Revs Miss Views

October 15, 2012 4:03 PM EDT

Bankrate, Inc. (NYSE: RATE) today announced preliminary financial results for the third quarter of fiscal 2012 ended September 30, 2012. Bankrate's President and Chief Executive Officer, Thomas R. Evans and Senior Vice President and Chief Financial Officer, Edward J. DiMaria will host a brief, 30 minute conference call at 8:00 A.M. EDT on October 16, 2012.

Total revenue for the second quarter is expected to be between $115.5 million and $117.5 million compared to $112.9 million reported in the third quarter of 2011, an increase of approximately 3% at the midpoint of the range.... More