» » 7 Stocks To Know For Thursday: Sears, MF Global, Applied Materials, VeriSign, Symantec, Children’s Place Retail Stores, Autodesk
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7 Stocks To Know For Thursday: Sears, MF Global, Applied Materials, VeriSign, Symantec, Children’s Place Retail Stores, Autodesk

By Daily Markets on | More Posts By | Stock Market Blog
  • Sears Holdings (NASDAQ:SHLD) said Thursday its net income for first quarter fell 38% to $16 million, or 14 cents per share, compared with $26 million, or 21 cents per share, for the same period a year earlier.
  • Futures and options broker MF Global (NYSE:MF) shares fell nearly 9% in early trading after it reported on Thursday an unexpected fourth-quarter loss of 17 cents a share, compared with the 1-cent profit analysts had expected. The company plans to cut as much as 15% of its workforce.
  • Applied Materials (NASDAQ:AMAT), the world’s largest producer of chipmaking equipment, forecast profit that surpassed analysts’ expectations, saying that profit in the current period will be 22 cents to 26 cents a share, excluding certain items, better than analysts’ estimate of 20 cents. Its shares, however, fell 1.7% to $12.80.
  • VeriSign (NASDAQ:VRSN) said it has reached a definitive deal to sell its Authentication Services business to Symantec (NASDAQ:SYMC) for roughly $1.28 billion in cash. VeriSign shares rose slightly to $28.07, whereas Symantec shares fell more than 2% to $15.25.
  • Children’s Place Retail Stores (NASDAQ:PLCE) reported Thursday first-quarter net income of $1.00 per share on sales of $422.1 million. This came in better than analysts’ estimate of earnings of $0.90 per share on revenues of $417.62 million. Guidance for the second quarter and full year 2010 met market’s expectations.
  • Autodesk (NASDAQ:ADSK), manufacturer of engineering-design software, reported Thursday first-quarter profit excluding some items of 29 cents a share, higher than analysts’ estimate of 23 cents. The company’s shares rose more than 2% to $31.01.
  • On the economic front, U.S. initial jobless claims rose to 471,000 from the previous week’s revised figure of 446,000. Economists had expected jobless claims to drop to 439,000 from the 444,000 originally reported for the previous week. This was the first increase after four weeks of decline.
  • Asian and European stock markets are down due to lingering worries about the future of the EU and its Euro currency.

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