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VANCOUVER, October 23, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: General Electric (NYSE:GE), Nexen (NYSE:NXY), Caterpillar (NYSE:CAT), SunTrust (NYSE:STI), Johnson & Johnson (NYSE:JNJ), and Monster (NASDAQ:MNST).
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Report Highlights:
General Electric Company (NYSE:GE): For the third quarter of 2012, General Electric Company (NYSE:GE) reported Operating Earnings of US$3.8 billion (or US$0.36 per share), compared with Operating Earnings of US$3.5 billion (or US$0.24 per share), in the same quarter of 2011. Total revenues for the third quarter were US$36.3 billion, up 3% from total revenues of US$35.4 billion a year ago. Net earnings attributable to GE common shareowners were US$3.5 billion for the quarter, up 49% from US$2.3 billion in the prior-year quarter. By the end of Monday's trading, shares of General Electric crossed below the 50-day moving average and fell 1.50% to close at US$21.70. Its price, as of the latest close, was up 48% compared with the 52-week low and was 7% below the 52-week high. GE was traded above average volume with 86.46 million shares traded, 38.07 million shares more than its daily average. Can GE rebound from here? Want to monitor this company on an on-going basis? Investors could check General Electric earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/102312A/GE/GeneralElectric.pdf
Nexen Inc. (USA) (NYSE:NXY): Shares of Nexen Inc. (USA) (NYSE:NXY) gapped open sharply lower in the last trading session and plunged US$1.26 (or -4.96%) to US$24.14 on concerns that its US$15.1 billion acquisition by Cnooc Ltd. might not get approval by the Canadian Government. The concerns appeared after the government of Canada using foreign investment laws to reject a US$5.17 billion takeover of Progress Energy Resources by Petronas. Nexen is scheduled to issue its third-quarter 2012 financial and operating results on Thursday, October 25, 2012. In the past 52 weeks, Nexen share prices have been bracketed by a low of US$13.63 and a high of US$26.21, and are now at US$24.14 (77% above that low price). Abnormal trading volume of Nexen was found reaching 41.81 million shares, 8.4 times heavier than usual day trading. Nexen is an independent global energy company with market capitalization of US$12.79 billion. Observing comprehensive analysis of Nexen could help investors avoid big lost in investment. Add Nexen earnings forecast report into your watch list now.
Read Full Report: http://www.earningforecast.com/PR/102312A/NXY/Nexen.pdf
Caterpillar Inc. (NYSE:CAT): For the third quarter of 2012, Caterpillar Inc. (NYSE:CAT) reported revenues of US$678 million, an increase of 1% from revenues of US$668 million in the third quarter of 2011. Profit after tax was US$109 million for the third quarter, compared with US$93 million in the prior-year quarter record, an increase of 17%. Caterpillar shares began the trading session with a price of US$82.94 and throughout the session climbed to a high of US$86.04. When day-trade ended, the stock finally climbed 1.45% to US$85.08. In the past year, the stock has traded within a range of US$78.25 - US$116.95. There were 17.11 million shares of Caterpillar exchanging hands as compared to its average daily volume of 7.60 million shares. Investors may want to find out where CAT will go from here. Observing comprehensive Caterpillar earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/102312A/CAT/Caterpillar.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
SunTrust Banks, Inc. (NYSE:STI):
Read Full Report: http://www.earningforecast.com/PR/102312A/STI/SunTrust.pdf
Johnson & Johnson (NYSE:JNJ):
Read Full Report: http://www.earningforecast.com/PR/102312A/JNJ/Johnson.pdf
Monster Beverage Corporation (NASDAQ:MNST):
Read Full Report: http://www.earningforecast.com/PR/102312A/MNST/Monster.pdf
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