Pre-Market Stock News (July 18, 2007)

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By Douglas A. McIntyre Published
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(ABT) Abbott Labs $0.69 EPS vs $0.68 estimate; guidance looks soft.
(ASD) American Standard $0.84 EPS net, but $1.05 before items; estimates were $1.08. Spin-off/sale remains on track.
(BLK) Blackrock $1.80 EPS vs $1.67 estimate.
(BSC) Bear Stearns said two of its funds are virtually worthless.
(CLDA) Clinical Data priced a 3 million share secondary at $22.00 per share.
(DAL) Delta Air $0.70 EPS; generated $1.1 Billion in free cash flow.
(DJ) Dow Jones board has approved a deal with Rupert Murdoch and will meet with Bancroft family.
(INTC) Intel trading down 5% after earnings last night.
(ISPH) Inspire Pharma announced a $75 million convertible preferred financing pact with Warburg Pincus.
(ITWO) i2 Technologies lowered guidance.
(JCI) Johnson Controls $1.98 EPS vs $1.98 estimate.
(JPM) JP Morgan Chase & Co $1.20 EPS vs $1.09 estimate.
(JUPM) JupiterMedia announced a $20 million acquisition of MediaBistro.com.
(LUV) Southwest Airlines $0.25 EPS vs $0.23 estimate; revenue performance looks better than expected so far for Q3.
(MO) Altria $1.05 EPS vs $1.13 estimate.
(NITE) Knight Trading $0.24 EPS vs $0.26 estimate; announced a $500 million share buyback plan..
(ORB) Orbital $0.23 EPS vs $0.21 estimate.
(PFE) Pfizer $0.42 EPS before items vs $0.50 estimates; reaffirmed 2007-2008 targets.
(STJ) St. Jude Medical$0.45 EPS vs $0.43 estimate.
(UTX) United Technologies $1.16 EPS vs. $1.15 estimates; reaffirmed targets.
(WFMI) Whole Foods’ board of directors started an investigation into CEO John Mackey Yahoo Message Boards postings.
(YHOO) Yahoo! trading down over 5% after earnings last night. YHOO target lowered at many firms: Goldman Sachs, Piper Jaffray, Credit Suisse, Bernstein, ThinkEquity and probably more.

Jon C. Ogg
July 18, 2007

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

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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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