Stock Market News Briefs: Accenture Ltd., Boeing Company, Discover Financial Services, H&R Block, Oracle, Research In Motion Limited
- Oracle (NASDAQ:ORCL) reported better-than-expected fiscal fourth quarter earnings of 60 cents, eight cents better than Zacks expectations, on revenues of $9.6 billion, up from the $9.5 billion expected. The firm noted, “We continue to take large chunks of market share away from SAP.” FBR reaffirmed its “outperform” rating for Oracle (NASDAQ:ORCL), with a $30 price target
- Research in Motion (NASDAQ:RIMM) bested estimates with fiscal first quarter earnings of $1.38, up from Zacks estimates of $1.34, on revenues of $4.24 billion, which fell shy of Zacks projections of $4.35 billion. Needham maintained a “buy” on RIMM shares, with a $90 price target
- Sterne Agee, however, lifted the price target on the shares to $320 from $300
- Needham upgraded Maxim Integrated Products (MXIM) to “strong buy” from “buy,” placing a $25 price target on the shares
- FBR reiterated an “outperform” on Discover Financial Services (NYSE:DFS), with a $19 price target
- Boeing (NYSE:BA) temporarily grounded its Dreamliner planes upon finding problems in its horizontal tail; however, the firm said delivery and testing dates not imperiled.
- H&R Block (NYSE:HRB) reported fiscal fourth quarter earnings of $1.46, sharply below Zacks expectations of $2.04 per share, on inline revenues of $2.3 billion
- Accenture (NYSE:ACN) bested projections with fiscal third quarter earnings of 73 cents, 4 cents above consensus estimates, on revenues of $5.6 billion, which topped projections of $5.5 billion
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