VANCOUVER, British Columbia, Aug. 21, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Lowe's (NYSE:LOW), Coventry (NYSE:CVH), Citigroup (NYSE:C), Aetna (NYSE:AET), Intel (NASDAQ:INTC), and Best Buy (NYSE:BBY).
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Lowe's Companies, Inc. (NYSE:LOW): Shares of Lowe's Companies, Inc. (NYSE:LOW) dumped on news that the company released its financial results for the second quarter ended August 3, 2012. Lowe's showed net sales of US$14.25 billion for the second quarter, compared with net sale of US$14.54 million a year ago. Net earnings for the quarter were US$747 million, down 10.0% from the same quarter a year ago. Diluted earnings per share of US$0.64 were flat versus the second quarter of 2011. By the end of Monday's trading, shares of Lowe's slumped US$1.61 (or -5.78%) to US$26.26 on hefty volume of 47.48 million shares, above its average volume of 14.10 million shares. Do you think Lowe's will continue to advance? Do you think now is a good time to sell the stock? Investors could check LOW earnings forecast report here.
Coventry Health Care, Inc. (NYSE:CVH): Coventry Health Care, Inc. (NYSE:CVH), a diversified national managed healthcare company, and Aetna Inc. announced on August 20 that the companies have achieved a definitive agreement, under which Aetna will acquire Coventry in exchange of US$7.3 billion, including the assumption of Coventry debt. Under the terms of the agreement, Coventry stockholders will receive US$27.30 in cash and 0.3885 Aetna common shares for each Coventry share, or US$42.08 per share. Abnormal trading volume of Coventry was found on August 20 reaching 31.98 million shares, 24.6 times heavier than usual day trading. Shares of Coventry rose 20.32% to US$42.04 and made a new 52-week high of US$42.29. Observing comprehensive analysis of Coventry could help investors avoid big lost in investment. Check CVH earnings forecast report below.
Citigroup Inc. (NYSE:C): Citigroup Inc. (NYSE:C) has recently been awarded as the best Corporate bank card issuer in the U.S. by The Nilson Report for the third consecutive year. At the close of the trading day, shares of Citigroup advanced 3.27% higher, moving up US$0.95 to US$29.98 per share. Share prices of Citigroup have traded as high as US$38.40 per share and as low as US$21.40 in the past 52 weeks. There were 31.83 million shares of Citigroup exchanging hands as compared to its average daily volume of 33.05 million shares. Do you think now is a good time to buy or sell the stock? See Citigroup earnings forecast report here.
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