Earnings Forecast Reports: SUPERVALU, Freeport-McMoRan, American International Group, Abbott, Merck, and Micron

Oct 23, 2012, 09:05 ET from EarningForecast.com

VANCOUVER, Oct. 23, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: SUPERVALU (NYSE: SVU), Freeport-McMoRan (NYSE: FCX), American International Group (NYSE: AIG), Abbott (NYSE: ABT), Merck (NYSE: MRK), and Micron (NASDAQ: MU).

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Report Highlights:

SUPERVALU INC. (NYSE: SVU): For second quarter fiscal 2013, SUPERVALU INC. (NYSE: SVU) reported net sales of US$8.0 billion, compared with net sales of US$8.4 billion in the same quarter last year, a decrease of 4.6%. The second-quarter net loss was US$111 million (or US$0.52 per diluted share), compared with net earnings of US$60 million (or US$0.28 per diluted share) in the prior-year quarter. Moreover, SUPERVALU announced the appointment of Janel Haugarth as President of independent business organization to succeed Leon Bergmann, who left the company on October 20. In the last trading session, shares of SUPERVALU soared US$0.98 (or 44.75%) to settle at US$3.17. Abnormal trading volume of SUPERVALU was found reaching 58.50 million shares, 13 times heavier than usual day trading. The company has a market capitalization of US$676.84 billion with price range within US$1.68 - US$8.75 over the past 52 weeks. Observing comprehensive analysis of SUPERVALU could help investors avoid big lost in investment. Add SUPERVALU earnings forecast report into your watch list now.

Read Full Report: http://www.earningforecast.com/PR/102312B/SVU/SUPERVALU.pdf

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): For the third quarter of 2012, Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported net income attributable to common stock was US$824 million (or US$0.86 per share), compared with US$1.1 billion (or US$1.10 per share), for the same quarter of 2011. Revenues for the third quarter declined to US$4.42 billion from US$5.20 billion in the prior-year quarter. By market close, shares of Freeport-McMoRan crossed below the 50-day moving average and ended down 1.46% at US$40.58 while the stock traded within the range of US$39.92US$41.20. Share prices of Freeport-McMoRan have traded as high as US$48.96 per share and as low as US$31.08 in the past 52 weeks. FCX traded 20.96 million shares in the last trading session, well above its daily average of 16.34 million shares. The company's market capitalization after the recent close was US$38.52 billion. Investors may want to find out where FCX will go from here. Observing comprehensive Freeport-McMoRan earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/102312B/FCX/FreeportMcMoRan.pdf

American International Group, Inc. (NYSE: AIG): At the close of the trading day, shares of American International Group, Inc. (NYSE: AIG) continued to slide and ended lower by US$0.15 (or -0.42%) at US$35.55. The stock price crossed below the 50-day moving average in the last trading session. The company's 52-week range remained US$19.96 to US$37.67 with its market capitalization touching US$61.45 billion. Its price, as of the latest close, was up 78% compared with the 52-week low and was 6% below the 52-week high. The last session's volume of 17.90 million shares was down from the average daily trading volume of 35.80 million shares. Do you think AIG will rebound or continue to slump? Do you think now is a good time to sell the stock? Investors could check American International Group earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/102312B/AIG/AmericanInternationalGroup.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

Abbott Laboratories (NYSE: ABT):

Read Full Report: http://www.earningforecast.com/PR/102312B/ABT/Abbott.pdf

Merck & Co., Inc. (NYSE: MRK):

Read Full Report: http://www.earningforecast.com/PR/102312B/MRK/Merck.pdf

Micron Technology, Inc. (NASDAQ: MU):

Read Full Report: http://www.earningforecast.com/PR/102312B/MU/Micron.pdf

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