Company News for May 17, 2012

Zacks

•    J.C. Penney Company, Inc. (NYSE:JCP) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan

•    SINA Corporation (NASDAQ:SINA) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27

•    Target Corporation (NYSE:TGT) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01

•    Deere & Company (NYSE:DE) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54

•    Staples, Inc. (NASDAQ:SPLS) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30
 

Read the analyst report on JCP

Read the analyst report on SINA

Read the analyst report on TGT

Read the analyst report on DE

Read the analyst report on SPLS

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