EOG, Applied Materials, General Mills, Nordstrom, Aruba High Demand Stock Movers Feb. 17th

EOG Resources, Inc. (NYSE:EOG): EOG Resources Inc. reported adjusted net income of $1.15 per share. By that measure, the company beat the mean estimate of 89 cents per share. It beat the average revenue estimate of $2.52 billion. Shares of EOG Resources, Inc. are trading 0.82% lower today.

Applied Materials, Inc. (NASDAQ:AMAT): Stifel Nicolaus raised its target on Applied Materials after the company reported stronger than expected Q1 results. The firm was encouraged by the company’s decision to implement further cost cutting measures at its weaker units, and it maintains a Buy rating on the stock. Shares of Applied Materials, Inc. are trading 2.27% higher today.

General Mills, Inc. (NYSE:GIS): General Mills cuts FY12 adjusted EPS view to $2.53-$2.55 from $2.59-$2.61. Consensus is $2.60. Adjusted diluted EPS excludes the effects of mark-to-market valuation of certain commodity positions, and integration costs for the Yoplait international acquisition completed July 1, 2011. General Mills says that weak volume performance across U.S. retail food categories in December and January will affect the company’s results for the quarter ending February 26, 2012. Shares of General Mills, Inc. are trading 3.47% lower today.

Nordstrom, Inc. (NYSE:JWN): CLSA downgraded Nordstrom based on conservative guidance and increased ecommerce investment costs. Price target lowered to $55 from $60. Shares of Nordstrom, Inc. are trading 1.67% lower today.

Aruba Networks, Inc. (NASDAQ:ARUN): Aruba Networks added over 1,500 new customers in Q2. Shares of Aruba Networks, Inc. are trading 5.6% lower today.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com