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2010-02-18

Stock Market News Briefs: American Eagle Outfitters, Inc., Barrick Gold Corporation, Goldman Sachs Group, Inc. (The), Hormel Foods Corporation, Officemax Incorporated, Wal-Mart Stores, Inc., Wellcare Group, Wells Fargo & Company

  •  Walmart (WMT: 53.47 -0.59 -1.09%) reported better-than-expected fourth quarter earnings of $1.17, a nickel ahead of Zacks estimates of $1.12, versus $1.03 a year ago, on revenues of $113.7 billion, versus Zacks estimates of $114.3 billion.  Full year guidance was provided at $3.90-$4.00
  •  Barrick Gold (ABX: 39.23 +1.37 +3.62%) posted better than estimated fourth quarter earnings of 61 cents, ahead of Zacks estimates of 56 cent estimates on revenues of $2.36 billion, versus Zacks estimates of $2.32 billion
  •  Hormel Foods (HRL: 42.27 +1.68 +4.14%) reported fourth quarter earnings of 82 cents up from Zacks projections of 68 cents on revenues of $1.73 billion, versus Zacks estimates of $1.68 billion.  The firm lifted 2010 guidance by 5 cents to a range of $2.68-$2.78
  •  WellCare (WCG: 27.91 -4.21 -13.11%) posted earnings of 47 cents a share, up from Zacks estimates of 44 cents on inline revenues of $1.62 billion. The company said it expect full year earnings of $1.90 to $2.15 a share
  •  Goldman Sachs (GS: 155.73 -1.53 -0.97%) reiterated its “buy” rating for OfficeMax (OMX: 14.99 -0.09 -0.60%) and lifted its price target to $17.50 from $16
  •  American Eagle Outfitters (AEO: 16.70 +0.50 +3.09%) was upgraded by Wells Fargo (WFC: 27.34 +0.01 +0.04%) to “outperform,” with a raised price target from of $21 from $20

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