Company News for November 16, 2011

Zacks

•    Share prices of Netlist Inc. (NASDAQ:NLST) rocketed up 21.28% a day after the company said it has signed a business agreement with Hewlett-Packard Co. (NYSE:HPQ) and IBM Corp (NYSE:IBM)

•    Credit rating agency Fitch Ratings said it will cut debt ratings of AMR Corporation (NYSE:AMR) if the management of American Airlines and pilots do not urgently conclude a contract agreement. Following the development, shares of AMR Corp plummeted 10.28% to close the day at $1.92

•    Home Depot (NYSE:HD) posted Q3 EPS of $0.60, beating the Zacks Consensus Estimate by a penny. Revenues for the quarter increased by 4.4% to $17.33 billion, topping the Zacks Consensus Estimate of $17.12 billion

•    Dell (NASDAQ:DELL) posted Q3 EPS of $0.49 beating analysts’ expectations for $0.47 per share. Revenues of the company came in at $15.37 billion

•    Autodesk (NASDAQ:ADSK) reported Q3 EPS of $0.44, surpassing the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter rose 15.1% year-over-year to $548.60 million

•    Wal-Mart (NYSE:WMT) posted Q3 EPS of $0.97, slightly lower than analyst estimates of $0.98 per share. Revenues for the quarter came in at $109.52 billion

•    Goldman Sachs upgraded shares of Check Point Software Technologies Ltd. (NASDAQ:CHKM) to its Conviction Buy list. Earlier, shares of the company were rated "Neutral"

•    RBC Capital upgraded shares of Riverbed Technology (NASDAQ:RVBD) to "Outperform" rating from "Sector Perform" rating

•    Social networking company Quepasa Corp.’s (AMEX:QPSA) shares tumbled 9.62% after the company posted a wider-than-expected loss in the third quarter

•    Shares of Staples, Inc. (NASDAQ:SPLS) declined 3.64% after revenues for the retailer of office-supplies came in below expectations. The company also lowered its outlook for fiscal 2011

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