Today's Big Gainers: ADI, AEO, ABG Tuesday, November 24, 3:00 PM ET
Analog Devices (NYSE:ADI) reported fourth quarter revenue of $572 million, and diluted EPS of $0.36 per share, beating estimates by 10 cents. Gross margins were 56.3% and operating margin was 22.5%. Following the announcement, Analog Devices received upgrades from GC Research and Broadpoint AmTech Research.
Shares of Analog Devices are up over 7% so far today.
American Eagle Outfitters (NYSE:AEO) announced earnings for the third quarter of $0.28 per diluted share and non-GAAP earnings of $0.21 per diluted share. Total sales decreased 1% to $749 million. Profit was inline with analyst expectations, and the company's outlook for 2010 was favorable.
Shares of American Eagle are up more than five and three quarter percent in midday trading.
Asbury Automotive Group (NYSE:ABG) was upgraded today by Deutsche Bank from Hold to Buy based on cost reduction and outlook for higher sales.
Shares of Asbury are up almost eleven and three quarters percent so far today.
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