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Wal-Mart increases annual dividend by 21%

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The Board of Wal-Mart has approved an annual dividend of $1.46 per share, a 21% increase from the $1.21 per share paid during FY11. For the current fiscal year ending Jan. 31, 2012, the annual dividend of $1.46 per share will be p

By Stephanie Shyu
sshyu@fnno.com

Santarus Blows Past Q4 Revenue Estimates, Guides Above Stree

For 2011, the company expects revenue of about $110 mln, vs. the Street view of $99 mln. The company expects to report at least breakeven earnings on a GAAP basis. The Street stands at $0.07 per share.

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Santarus (SNTS) reports Q4 revenue of $25.9 mln, well ahead of the analyst consensus of $18 mln on Thomson Reuters. Loss for the quarter was $0.03, better than expectations of a loss of $0.28 per share, if comparable.

By Stephanie Shyu
sshyu@fnno.com

Polo Ralph Lauren Surges Nearly 9% After Reporting Q3 Results

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Polo Ralph Lauren (RL) posted net income of $168 million, or $1.72 per diluted share, for the third quarter of fiscal 2011, versus net income of $111 million, or $1.10 per diluted share, for the same period in fiscal 2010. The Str

By Christie Duffy
cduffy@fnno.com

Goldman Exec: Bank Bought Too Many Illiquid Assets Before Financial Crisis - Shares Down Fractionally

The comments came from a conference in Miami hosted by Credit Suisse. Viniar said that Goldman was "buying more illiquid assets than we probably should have."

Goldman shares are down 0.88%, or $1.49, to $167.05.

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Goldman Sachs (GS) shares are down after Goldman Chief Financial Officer David Viniar said the bank bought too many hard-to-sell assets before the financial crisis in 2008, according to Bloomberg.

By Christie Duffy
cduffy@fnno.com

Morgan Stanley Lowered Its EPS Estimates For Sara Lee, Maintained Its EW Rating (SLE)

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Morgan Stanley lowered its 2011 and 2012 EPS estimates for Sara Lee (NYSE:SLE) and maintained its equal-weight rating and $14.50 price target. The bank sees 2011 EPS $0.85, down from $0.89 per share, and 2012 EPS of $1.00, down fr

By Christie Duffy
cduffy@fnno.com

Morgan Stanley Lowered its 2011, 2012 EPS Estimates For Teva Pharmaceutical Industries (TEVA)

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Morgan Stanley lowered its 2011 and 2012 EPS estimates for Teva Pharmaceutical Industries (NASDAQ:TEVA) and maintained its equal-weight rating. The bank sees 2011 EPS of $5.05, down from $5.29 per share, and 2012 EPS of $5.78, do

By Christie Duffy
cduffy@fnno.com

Pegasystems Launches New Healthcare Systems Solutions

Revenue Cycle Manager enables error correction at every stage, unlike legacy applications that resolve errors at the end-stages of the revenue cycle, or point solutions that take limiting approaches at some stages, the company sai

Shares are down 0.36% or $38.47.

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Pegasystems (PEGA) today announced the launch of its new Revenue Cycle Manager solution for the health care market, which it says allows health care systems to streamline patient billing, boost cash flow and drive down operational

By Christie Duffy
cduffy@fnno.com

ThinkEquity Downgrades Dick's Sporting to Hold - Shares Down 1.8%

The firm made the call based on valuation and a likely difficult Q4 due to weather and tax refund delays.

Dick's Sporting is down nearly 2% early Wednesday on the news, at $37.55.

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Shares of Dick's Sporting (DKS) are down in pre-market trading as the company was reportedly downgraded to Hold from Buy at ThinkEquity.

By Christie Duffy
cduffy@fnno.com

Morgan Stanley Raised Its 2011 EPS Estimate For Illumina, Maintained Its OW Rating

The bank sees 2012 EPS of $1.98, up from $1.97 per share.

Illumina has a potential upside of 5% based on a current price of $70.25 and an average consensus analyst price target of $73.73.

Illumina is currently above its 50-day moving average (MA) of $66.13 and above its 200-day of $51.55.

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Morgan Stanley raised its 2012 EPS estimate for Illumina (NASDAQ:ILMN) and maintained its overweight rating and $78 price target.

By Christie Duffy
cduffy@fnno.com

Pitney Bowes Reports Mixed Earnings, But Tops Consensus With $0.66 EPS (PBI)

Full year earnings came in at $2.23, down from $2.28 in the prior year, while revenue was $5.4 billion, a 3% decline from 2009.

Commenting on the quarter and the year, Chairman, President and CEO Murray D.

Pitney Bowes (NYSE:PBI) announced its Q4 ad FY2010 earnings Tuesday, posting a quarterly revenue of $1.4 billion - a 1% decline from a year ago - with an EPS of $0.66, topping consensus for $0.61 per share and up from $0.64 in 200

By Christie Duffy
cduffy@fnno.com

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