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Company News for September 25, 2012

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• Lennar Corporation (NYSE:LEN) reported third quarter earnings per share of $0.34, higher than the Zacks Consensus Estimate of $0.27


• Shares of Rambus Inc. (NASDAQ:RMBS) rose 17.6% after a judge in California delivered a judgement as per which it is entitled to receive royalties from rival SK Hynix Inc. for patent infringement


• TiVo Inc. (NASDAQ:TIVO) soared 4% after it announced that a pending patent suit with Verizon Communications Inc. (NYSE:VZ) has been settled for $250.4 million and that it has entered into a patent licensing agreement with Verizon 


• Shares of Peregrine Pharmaceuticals (NASDAQ:PPHM) plunged 78.5% after it announced that some major discrepancies have been found in results from a mid-stage drug study. The study was conducted by a third-party contractor who has been held liable for the errors 


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Read the analyst report on TIVO

Read the analyst report on VZ

Read the analyst report on PPHM

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