VANCOUVER, British Columbia, Aug. 27, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Eli Lilly (NYSE:LLY),Autodesk (NASDAQ:ADSK), Vale (NYSE:VALE), General Electric (NYSE:GE), Aruba Networks (NASDAQ:ARUN), and AT&T (NYSE:T).
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Eli Lilly & Company (NYSE:LLY): Pharmaceutical company Eli Lilly & Co. (NYSE:LLY) announced on Friday that its potential Alzheimer's treatment drug failed to hit the main targets of two late-stage studies, however other aspects of the trial showed the drug may slow the progress of memory loss for mild cases of the disease. The company's solanezumab drug was unsuccessful at slowing memory loss in 1,000 patients. However, when the researchers crunched the data from previous studies, they found that the drug could, in fact, slow cognitive decline across a wider population. While it did not hit its main target, William Thies, chief medical and scientific officer for the Alzheimer's Association, said the other findings are significant. In the past 52 weeks, the pharmaceutical company share prices have been bracketed by a low of US$34.94 and a high of US$45.01, and are now at US$43.86 (26% above that low price). The stock was traded at a volume of 48.00 million, 7 times heavier than average daily volume. Do you think now is a good time to buy or sell the stock? See LLY earnings forecast report here.
Autodesk, Inc. (NASDAQ:ADSK): Autodesk, Inc. (NASDAQ:ADSK), a developer of 3D design, engineering and entertainment software, posted its financial results for the second quarter of fiscal year 2013. Total net revenue was US$568.7 million for the second fiscal quarter, up 4% from US$546.3 million in the second quarter of fiscal 2012. Autodesk showed net income of US$64.6 million (or US$0.28 per diluted share) for the latest quarter, compared with net income of US$71.2 million (or US$0.31 per diluted share) in the prior-year quarter. By market close, Autodesk shares slumped US$5.58 per share (equivalent to 15.63%), where stock prices dumped to US$30.13. Abnormal trading volume of Autodesk was found reaching 34.42 million shares, 14 times heavier than usual day trading. Observing comprehensive analysis of Autodesk could help investors avoid big lost in investment. Check ADSK earnings forecast report below.
Vale SA (ADR) (NYSE:VALE): At the close of the trading day,Vale SA (ADR) (NYSE:VALE), a Brazil-based metals and mining company, dipped 0.93% to US$17.01 and made a new 52-week low of US$16.64. Vale's current low point in its 52-week range is US$16.64 per share, with US$28.41 as the 52-week high point. Its price, as of the latest close, was up 2.2% compared with the 52-week low and was 67.0% below the 52-week high. Vale has a market capitalization of US$87.66 billion. Do you think Vale will continue to slump? Do you think now is a good time to sell the stock? Investors could check Vale earnings forecast report here.
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