Company News for August 5, 2011

Zacks


•    NRG Energy (NYSE:NRG) posted Q2 EPS of $2.53, clearly beating the Zacks Consensus Estimate of $0.38 per share. Revenues for the quarter rose 6.8% year-over-year to $2.28 billion, which came in lower than the Zacks Consensus Estimate of $2.7 billion

•    Shares of Kraft Foods (NYSE:KFT) opened higher after the company announced plans to split the company into two separate public companies. However, shares of the company lost ground and closed 1.52% lower

•    General Motors (NYSE:GM) reported adjusted Q2 EPS of $1.54, beating the Zacks Consensus Estimate of $1.21 per share. Revenues for the quarter rose 18.7% year-over-year to $39.40 billion, exceeding the Zacks Consensus Estimate of $36.61 billion

•    Health-care info-tech provider Emdeon Inc (NYSE:EM) is to be acquired by private equity firm Blackstone Group (NYSE:BX). Following this development, share prices of the company jumped 12.92% to close at $18.35

•    Share prices of Web.com Group, Inc. (NASDAQ:WWWW)  increased 19.75% to end the day’s trade at $10.37 after the company announced it was purchasing private website-services company Network Solutions late on Wednesday

•    Shares of Allergan, Inc. (NYSE:AGN) were downgraded by Piper Jaffray (NYSE:PJC) to a "Neutral" rating from an "Overweight" rating with a new target price of $89.00 on the stock

•    Analysts at Wells Fargo & Co (NYSE:WFC) downgraded Booz Allen Hamilton Holding Co. (NYSE:BAH) to an "Underweight" rating

•    Clorox Co (NYSE:CLX) shares were downgraded by Caris & Company to a "Below Average" rating from an "Average" rating. The analysts also set a target price of $60.00 on the shares of the company

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