DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Newsworthy Market Movers: Quest Diagnostics Inc. (NYSE: DGX), Xerox Corp. (NYSE: XRX), Wyeth (NYSE: WYE), Harley-Davidson Inc. (NYSE: HOG), Las Vegas Sands Corp. (NYSE: LVS) and Crown Castle International Corp. (NYSE: CCI).
In the Trade Alert, the author highlights Quest Diagnostics growth in revenue and earning for fourth quarter:
“Quest Diagnostics Inc. (DGX) shares climbed 7.86% to trade at $50.24 Monday mid-day. Quest Diagnostics, together with its subsidiaries, provides diagnostic testing, information and services in the United States. … For the fourth quarter, the Madison, New Jersey-based company posted a net income of $170 million, or 87 cents a share, compared to $154 million, or 79 cents, in the same period a year ago, topping analysts' view. … On average, 13 analysts polled by First Call/Thomson Financial expected the world's leading diagnostic testing services provider to report earnings of 80 cents per share for the quarter. Analysts' estimates typically exclude special items.”
The Trade Alert author also featured Xerox’s announcement of fourth-quarter break-even financial results:
“Xerox Corp. (XRX) shares slipped 1.28% to trade at $6.94 Monday mid-day. Xerox engages in the development, manufacture, marketing, servicing and financing of document equipment, software, solutions and services worldwide. … The Norwalk, Connecticut-based company recently announced fourth-quarter 2008 financial performance that resulted in break-even earnings per share and adjusted earnings per share of 30 cents. … According to the company, its fourth-quarter income fell sharply from the year-earlier period, in part due to a steep restructuring charge. According to a report, the restructuring charge was related to Xerox's workforce reductions and other cost-cutting moves. In October, the company said it would reduce its global workforce of about 57,400 by roughly 5%.”
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Jeff Bishop, (469)-252-3505