Ford to Shutter 2 UK Plants and 4 Hot Stocks Trading Today
Logitech (NASDAQ:LOGI) reports second quarter EPS of $0.35, which is ahead of expectations by $0.23, and revenues of $548 million, which are down 7% on an annual basis.
ABB (NYSE:ABB) reports third quarter EPS of $0.33, which is short of expectations by $0.02, and revenues of $9.75 billion which also misses by $50 million.
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Dunkin’ Brands (NASDAQ:DNKN) reports third-quarter EPS of $0.37, which beats by $0.02, and revenues of $171.7 million which missed by $3 million but overall are higher by 4.7% due to better realisations as well as higher volume. In the US, Dunkin Donuts showed better sales growth compared to Baskin-Robbins, while overseas, the reverse was the case. In 2012, the company hopes to add up to 300 new restaurants and expects revenues to grow from 6 to 7% while EPS is expected in the range $1.25-1.27.
According to a report in Reuters, quoting a union official, Ford (NYSE:F) is likely to shutter two plants in the UK that could cost around 2000 jobs.
Altria (NYSE:MO) reports third-quarter EPS of $0.58 in line with expectations, while revenues of $6.2 billion beat estimates by $1.8 billion. Revenues grew 1.1% on the back of the tobacco business which reflected better margins and higher market share. The company stands by its 2012 guidance for EPS in the range $2.19-$2.23, and boosts the value of its share repurchase program by $500 million.
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