AMERICAN GREETINGS CORP (AM.N: Quote, Profile, Research, Stock Buzz)
American Greetings posted a smaller-than-expected quarterly
profit, hurt by higher costs, and warned that its full-year
earnings could come in at the low end of its prior forecast.
Shares fell 7.6 percent to $15.37.
ACCENTURE LTD (ACN.N: Quote, Profile, Research, Stock Buzz)
The company reported a quarterly profit that beat analysts'
expectations and forecast further growth in the year ahead, as
more clients seek its consulting and outsourcing services
despite a weak economy and gloomy financial markets.
[ID:nN25534697]
Shares of Accenture rose 3.4 percent to $38.43.
SYNNEX CORP (SNX.N: Quote, Profile, Research, Stock Buzz)
The computer hardware distributor reported third-quarter
results above market estimates, helped by higher operating
margins, and gave fourth-quarter outlook mostly in line with
analysts' view. [ID:nBNG346322]
Synnex shares rose 9 percent to $22.50.
CHRISTOPHER AND BANKS CORP (CBK.N: Quote, Profile, Research, Stock Buzz)
The women's apparel chain posted better-than-expected
quarterly earnings, but forecast weak third-quarter earnings
amid a challenging economic and retail environment.
[nBNG319298]
Shares of the company fell 6 percent to $8.10.
AMERICAN REPROGRAPHICS CO (ARP.N: Quote, Profile, Research, Stock Buzz)
The provider of document-management services cut its 2008
earnings and revenue forecast, citing volatile financial
climate. [nBNG39059]
Shares of the company fell 13 percent to $16.20.
EMC INSURANCE GROUP INC (EMCI.O: Quote, Profile, Research, Stock Buzz)
The provider of property and casualty insurance cut its
2008 earnings forecast, hurt by Hurricanes Gustav and Ike, as
well as losses on investments in Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie
Mac (FRE.N: Quote, Profile, Research, Stock Buzz) preferred stock. [ID:nBNG309209]
Shares of EMC fell 10.4 percent to $26.75.
(Reporting by Kristina Cooke and Steven C. Johnson in New
York and Purwa Naveen Raman in Bangalore; Editing by Kenneth
Barry)
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