Pre-Market Stock News (MAY 1, 2007)

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By Douglas A. McIntyre Published
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(AMED) AMEDISYS $0.51 EPS vs $0.50e.
(AVP) Avon Products $0.34 EPS vs $0.28e.
(BP) BP has new documents that surfaced on corrosion and the company not spending to fix pipelines.
(BSX) Boston Scientific names new CFO.
(CC) Circuit City lowered guidance and expects a loss; stock down 11%; multiple downgrades.
(CE) Celanese $0.91 EPS vs $0.73e.
(DCGN) deCODE Genetics announces positive top-line results for Phase I study of DG051 for the prevention of heart attack.
(DRV) Debt Resolve to acquire Creditors Interchange for $64M.
(EE) El Paso Electric $0.33 EPS vs $0.20e; unsure if comparable.
(EMR) Emerson $0.61 EPS vs $0.60e.
(HBG) Hub International $0.63 EPS vs $0.61e.
(HDI) Harley Davidson exits plans to enter India because of tariffs.
(HEPH) Hollis-Eden Pharma was cleared by FDA to start Phase I clinical trials with HE3286 in treating metabolic disorders.
(HW) Headwaters $0.59 EPS vs $0.31e; unsure if comparable.
(LIZ) Liz Claiborne $0.22 vs $0.60 estimates; sees substantial shortfall for 2007 to $1.90 to $2.05 EPS vs $3.12e; missed the entire wholesale; indicated down 20% pre-market.
(NMX) NYMEX Holdings $0.59 EPS vs $0.57e.
(PG) P&G $0.74 EPS vs $0.74e; sees Fiscal 2007 EPS $3.01-$3.03 vs $3.03e.
(PGNX) Progenics Pharma says single dose of CCR5 monoclonal antibody PRO 140 significantly reduced viral load for prolonged period in HIV-infected individuals.
(Q) Qwest $0.12 EPS vs $0.09e.
(QGLY) Quigley Corp retained CRT Capital Group as financial advisor and investment banker to explore and evaluate strategic alternatives.
(QTWW) Quantum Fuel signs strategic agreement for distribution of alternative fuel systems in India.
(SIRI) Sirius Satellite Radio $204M revenues; net loss was -$0.10; Estimates were $212 million revenues and -$0.10 EPS.
(TBUS) Digital Recorders won $1.4 million order from Lincoln, Nebraska transit system.
(UA) Under Armour $0.20 EPS vs $0.20e; revenues $124.3M vs $120.5M(e); sees EPS next quarter $0.02 to $0.03 vs $0.07e.
(VIAC) Viacell -$0.17 EPS vs -$0.12e.
(WEC) Wisconsin Energy $0.85 EPS vs $0.79e.
(WTSLA) Wet Seal lowered same store sale number expectations.
(ZMH) Zimmer Holdings names new President/CEO.

Jon C. Ogg
May 1, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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