Your Benzinga Update 4-20: Apple Rockets After-Hours; Take A Look At This Hedge Fund; KO, AAPL, GS, YHOO Report

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Benzinga's Daily Highlights

  1. 04/20/2010 - 16:46

    Apple Inc. (NASDAQ: AAPL) has released their much anticipated quarterly earnings report, and the numbers are excellent. The Cupertino, California based tech titan reported earnings per share of $3.33 compared to $1.79 in the year ago quarter. Wall Street consensus was at $2.45, so AAPL absolutely crushed estimates on the bottom line.


  2. 04/20/2010 - 16:17

    Yahoo! (NASDAQ: YHOO) has released their quarterly earnings report after the close of the market today. The stock initially moved as much as 3% higher, as CNBC's initial revenue numbers were not accurate. The stock is very volatile in the after hours trading session. Right now YHOO stock has dropped 1.14% to $18.19.


  3. 04/19/2010 - 19:42

    Glenview Capital is a $7 billion hedge fund run by Larry Robbins. Prior to forming Glenview, Mr. Robbins was a trader at Leon Cooperman's Omega Advisors. Glenview is known for taking concentrated positions in large cap stocks. The fund also employs an activist approach from time to time when they feel that management is not acting in the best interest of their shareholders.


  4. 04/20/2010 - 08:29

    Despite a 19% rise in its 1st quarter profit, The Coca-Cola Company (NYSE: KO) was unable to meet Wall Street revenue expectations.

    The Coca-Cola Company reported that its 1st quarter net income rose to $1.61 billion, or 69 cents per share, up from $1.35 billion, or 58 cents per share, a year earlier.


  5. 04/20/2010 - 06:49

    Below are the top 5 financial stocks on the NASDAQ in terms of PEG.

    Tower Group Inc (NASDAQ: TWGP) has a PEG ratio of 0.35. TWGP's shares have fallen by 5.42% over the past 52 weeks, as compared to a 43.87% increase in the S&P 500.


  6. 04/20/2010 - 07:21

    Goldman Sachs (NYSE: GS), which has been sued by the SEC for misleading investors, reported its first-quarter results today. The bank reported a profit of $3.46 billion in the first-quarter.


  7. 04/20/2010 - 11:34

    Johnson & Johnson (NYSE: JNJ) reported a 29% jump in its first-quarter profits, as it settled a patent dispute. Meanwhile, the health-care giant's sales rose 4%, aided by favorable currency-exchange trends.


  8. 04/20/2010 - 14:42

    Dick Bove, a senior analyst with Rochdale Securities, claims that the government case against Goldman Sachs (NYSE: GS) was introduced to coincide with a push towards financial reform, as a part of a political calculation.


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