Biogen Idec (BIIB) announced an alliance with Neurimmune Therapeutics to develop treatments for Alzheimer’s Disease.
BJ’s Wholesale (BJ) $0.35 EPS vs $0.33 est.
Blue Coat Systems (BCSI) $0.30 EPS vs $0.24 est.; sees next quarter $0.31 to $0.35 EPS vs. $0.26 est.
DR Horton (DHI) trading up 4% after posting narrower than expected losses at -$0.16 EPS vs -$0.60 EPS; sales down 35%.
Freddie Mac (FRE) posted a $3.29 EPS loss; engaged Goldman Sachs and Lehman to advise on near term financial concerns for capital raising after discussing lower mortgage loan values in its portfolio; apparently considering dividend cut; shares down 6% or more.
Fannie Mae (FNM) trading down 6% with Freddie Mac.
H-P (HPQ) beat earnings and slightly raised guidance; announced an $8 Billion share buyback
JW Nordstom (JWN) beat earnings and raised guidance; stock traded up 10%.
McClatchy Co (MNI) reports that both consolidated advertising and total revenues in October 2007 decreased 9.9%.
New York & Co. (NWY) $0.09 EPS vs $0.07 est; sees next quarter $0.23 to $0.32 EPS vs. $0.30 est.
Retalix (RTLX) $0.23 EPS vs $0.18 est.
Shoe Carnival (SCVL) $0.33 EPS vs $0.32 est.
Van Der Moolen (VDM) announced resignation of COO.
Zale (ZLC) -$0.54 EPS vs -$0.60 est.; sees next quarter $1.87-1.92 EPS vs. $1.80 est.; sees 2008 under plan.
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