Company News for May 08, 2012

Zacks

•    Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) gained 55.4% after it announced promising results from an ongoing Phase II study of  two drugs to be used for treatment of cystic fibrosis

•    Shares of Georgia Gulf Corporation (NYSE:GGC) declined 6.7% after it confirmed that Westlake Chemical Corporation (NYSE:WLK) has withdrawn a buyout deal of around $1.2 billion. Subsequently,  shares of Westlake rose 1.4%

•    DISH Network Corp. (NASDAQ:DISH) posted first quarter earnings per share of $0.80, surpassing the Zacks Consensus Estimate of $0.70

•    Tyson Foods, Inc. (NYSE:TSN) reported second quarter earnings per share of $0.44, beating the Zacks Consensus Estimate of $0.38

•    Avis Budget Group Inc. (NASDAQ:CAR) posted first quarter earnings per share of $0.12, surpassing the Zacks Consensus Estimate loss of $0.07 by 19 cents

•    Cognizant Technology Solutions Corp (NASDAQ:CTSH) reported first quarter earnings per share of $0.79, matching the Zacks Consensus Estimate of $0.79

•    Lufkin Industries, Inc. (NASDAQ:LUFK) posted first quarter earnings per share of $0.56, missing the Zacks Consensus Estimate of $0.59
 

Read the analyst report on VRTX

Read the analyst report on GGC

Read the analyst report on WLK

Read the analyst report on DISH

Read the analyst report on TSN

Read the analyst report on CAR

Read the analyst report on CTSH

Read the analyst report on LUFK

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