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VANCOUVER, British Columbia, August 29, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: EMC (NYSE:EMC), Lexmark (NYSE:LXK), Bank of America (NYSE:BAC), Facebook (NASDAQ:FB), JPMorgan Chase (NYSE:JPM), and Molycorp (NYSE:MCP).
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Report Highlights:
EMC Corporation (NYSE:EMC): EMC Corporation (NYSE:EMC) announced on August 28 that the company is further partnering with Cisco to assist accelerating IT transformation by providing customers with unrivaled choice and flexibility via "three paths to the cloud" -- custom-design infrastructure, validated reference architectures, and pre-integrated converged infrastructure. By market close, EMC shares closed higher by 0.08% to US$26.43 with more than 17.79 million shares traded compared to its average volume of 16.84 million shares. The company has a market capitalization of US$55.47 billion with price range within US$19.99 - US$30.00 over the past 52 weeks. Do you think EMC will continue to advance? Do you think now is a good time to sell the stock? Investors could check EMC earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/082912A/EMC/EMC.pdf
Lexmark International Inc. (NYSE:LXK): On August 28, Lexmark International Inc. (NYSE:LXK) announced restructuring actions for improving profitability and significant savings. Lexmark said the restructuring actions, including the exiting of the development and manufacturing of the company's remaining inkjet hardware, are expected to save US$95 million each year once fully implemented. Approximately 1,700 positions will be cut through the restructure worldwide. Lexmark said it will remain the supply of service, support and aftermarket supplies for its inkjet installed base. What's more, the company plans an additional US$100 million of share repurchases during the remainder of 2012. By the end of Tuesday's trading, shares of Lexmark soared 13.73% higher, moving up US$2.61 to US$21.62 per share. There were 13.20 million stock shares traded, which was 6 times more than average volume. In the past 52 weeks, Lexmark share prices have been bracketed by a low of US$16.10 and a high of US$38.34, and are now at US$21.62 (34% above that low price). Do you think now is a good time to buy or sell the stock? See LXK earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/082912A/LXK/Lexmark.pdf
Bank of America Corporation (NYSE:BAC): Bank of America Corporation (NYSE:BAC) will post its financial results for third quarter 2012 on Wednesday, October 17, 2012. In addition, The Board of Directors of Bank of America Corporation has recently announced the appointments of Sharon Allen, former Deloitte LLP Chairman, Jack Bovender, former HCA Inc. Chairman and Chief Executive Officer, Linda Hudson, President and CEO of BAE Systems Inc., and David Yost, former CEO of AmerisourceBergen Corp., as new Directors, which are effective immediately. In the past year, shares of Bank of America have traded within a range of US$4.92 - US$10.10. In the last trading session, the stock continued to slide on Thursday and ended lower by 1.36% at US$7.96 with more than 90.92 million shares exchanged hands for the session compared to its average volume of 119.36 million shares. Observing comprehensive analysis of Bank of America could help investors avoid big lost in investment. Check BAC earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/082912A/BAC/BankofAmerica.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:
Facebook, Inc. (NASDAQ:FB):
Read Full Report: http://www.earningforecast.com/PR/082912A/FB/Facebook.pdf
JPMorgan Chase & Co. (NYSE:JPM):
Read Full Report: http://www.earningforecast.com/PR/082912A/JPM/JPMorgan.pdf
Molycorp, Inc. (NYSE:MCP):
Read Full Report: http://www.earningforecast.com/PR/082912A/MCP/Molycorp.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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