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Company News for July 13, 2012

Zacks Equity Research

•    Shares of Marriott International, Inc. (NYSE:MAR) dropped 6.4% yesterday after reporting second quarter 2012 earnings of $0.42 per share, at par with the Zacks Consensus Estimate. Marriot also lowered its fee revenue estimates

•    SUPERVALU INC. (NYSE:SVU) crashed 49.2% a day after reporting first quarter fiscal 2013 earnings per share of $0.19, sharply lower than the Zacks Consensus Estimate of $0.38. Further, the company suspended its dividend.

•    Shares of The Procter & Gamble Company (NYSE:PG) jumped 3.8% on reports that Pershing Square Capital Management LP has been granted early antitrust approval by the Federal Trade Commission which will enable it to acquire a large stake in the company

•    Fastenal Company (NASDAQ:FAST) jumped 6.3% a day after it announced second quarter  2012 diluted earnings of $0.38 a share, a penny ahead of the Zacks Consensus Estimate


Read the analyst report on MAR

Read the analyst report on SVU

Read the analyst report on PG

Read the analyst report on FAST

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