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Company News for November 25, 2009

By: Avishek Mishra
November 25, 2009 | Comments: 0
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JCG | GS | AMZN | PJC | DLTR | TIF | DE | TIVO
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• J Crew Group (NYSE:JCG - Snapshot Report) wowed investors with sharply better-than-expected third quarter earnings of 67 cents a share, versus 30 cents a year ago, and ahead of Zacks estimates of 58 cents a share.  Revenues of $414.1 million exceeded last year's $363.1 million and beat projections of $406.6 million.  The firm expects fourth quarter earnings of 37 cents to 42 cents a share

• Goldman Sachs (NYSE:GS - Analyst Report) increased its six-month price target for Amazon.com (NASDAQ:AMZN - Analyst Report) from $125 to $146, maintaining its "buy" rating. Goldman said it believed online discount wars have added to its traffic flow, generating revenue gains. Fourth quarter estimates were raised from $8.9 to $9.1 billion

• Piper Jaffray (NYSE:PJC - Snapshot Report) reiterated its "overweight" rating on Dollar Tree (NASDAQ:DLTR - Snapshot Report), lifting its price target to $60 from $57, its fourth quarter estimates to $1.38 from $1.30, and its 2010 projection to $3.82 from $3.71

• Tiffany (NYSE:TIF - Analyst Report) reported better-than-expected earnings of 33 cents a share, 9 cents above Zacks projections, on revenues of $598 million versus Zacks estimates of $575 million. For 2010 the firm projected $1.88 to $1.98 a share versus estimates of $1.77

• Deere (NYSE:DE - Analyst Report) reported fiscal fourth quarter earnings of 23 cents a share, 20 cents above Zacks projections, on revenues of $4.73 billion, which bested estimates of $4.44 billion. However, for 2010, the firm expects a sales decline of 1%

• TiVo (NASDAQ:TIVO - Analyst Report) reported an inline third quarter loss of 6 cents on revenues of $56.9 million, ahead of the $48 million expected


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Market Summary Feb 09, 2010 21:45 pm ET
DJIA 10058.64  150.25 1.52%
NASD 2150.87  24.82 1.17%
S&P 500 1070.52  13.78 1.30%