Critical Earnings Forecast Alerts: Intel, Citigroup, Lululemon, Freeport-McMoRan, United States Steel, and Apple
VANCOUVER, British Columbia, Sept. 10, 2012 /PRNewswire/ — EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Intel (NASDAQ:INTC), Citigroup (NYSE:C), Lululemon (NASDAQ:LULU), Freeport-McMoRan (NYSE:FCX), United States Steel (NYSE:X), and Apple (NASDAQ:AAPL).
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Intel Corporation (NASDAQ:INTC): Due to the weaker than expected demand in a challenging macroeconomic environment, Intel Corporation (NASDAQ:INTC) last Friday announced the company has reduced its outlook of third-quarter revenue to be US$13.2 billion, plus or minus US$300 million, compared to the previous guidance of US$13.8 billion to US$14.8 billion. Following the announcement, shares of Intel plunged US$0.90 (or -3.61%) to US$24.19. Intel traded 86.28 million shares in the last trading session, well above its daily average of 33.23 million shares. The stock has a one year low of US$19.52 and a one year high of US$29.27. Its price, as of the latest close, was up 23.9% compared with the 52-week low and was 21.0% below the 52-week high. The company has a market capitalization of US$121.02 billion. Do you think Intel will continue to advance? Do you think now is a good time to sell the stock? Investors could check Intel earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/091012A/INTC/Intel.pdf
Citigroup Inc. (NYSE:C): Recently, Citigroup Inc. (NYSE:C) said Kris Van Broekhoven from Deutsche Bank AG has been appointed as global head of a new commodity-trade-financing unit, part of its transaction services business. By market close, Citigroup shares rose over 3.05% to US$32.07. Citigroup was traded above average volume with 52.11 million shares traded, 21.69 million shares more than its usual volume. In the past 52 weeks, Citigroup share prices have been bracketed by a low of US$21.40 and a high of US$38.40, and are now at US$32.07 (50% above that low price). Observing comprehensive analysis of Citigroup could help investors avoid big lost in investment. Check Citigroup earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/091012A/C/Citigroup.pdf
Lululemon Athletica inc. (NASDAQ:LULU): On September 7, Lululemon Athletica inc. (NASDAQ:LULU), an athletic apparel retailer, released its financial results for the second quarter ended July 29, 2012. Lululemon reported net revenue of US$282.6 million for the second quarter of fiscal 2012, an increase of 33% year-over-year. Comparable stores sales for the second fiscal quarter climbed by 15% on a constant dollar basis. Net income was US$57.2 million (or US$0.39 per diluted share) for the latest quarter, compared with a net income of US$38.4 million (or US$0.26 per diluted share) for the same quarter last year. For the third quarter of fiscal 2012, Lululemon now expect its net revenue to be in the range of US$300 million to US$305 million, which is based on a comparable-store sales percentage increase in the low- to mid-teens on a constant-dollar basis. In the last trading session, shares of Lululemon have gone up US$8.54 or 12.45% to US$77.14 with heavy volume traded. There were 17.13 million stock shares traded, which was 7 times more than average volume. The stock has a 52-week low of US$41.70 and a 52-week high of US$81.09. Do you think now is a good time to buy or sell Lululemon? See LULU earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/091012A/LULU/Lululemon.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX):
Read Full Report: http://www.earningforecast.com/PR/091012A/FCX/FreeportMcMoRan.pdf
United States Steel Corporation (NYSE:X):
Read Full Report: http://www.earningforecast.com/PR/091012A/X/UnitedStatesSteel.pdf
Apple Inc. (NASDAQ:AAPL):
Read Full Report: http://www.earningforecast.com/PR/091012A/AAPL/Apple.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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