Archive for July 29, 2010
Vistaprint Shares Plummet On Outlook; Q4 Profit Down 20% – Update
Shares of on-line marketing products and services company Vistaprint N.V. (VPRT) plummeted nearly 25% in Wednesday’s after-hours trading after the company provided outlook for the first quarter and the full-year 2011, which was significantly below consensus estimates.
Dollar Thrifty Receives $46.50 Per Share Offer From Avis Budget, Topping Hertz Bid – Update
Car rental company Dollar Thrifty Automotive Group, Inc. (DTG) said Wednesday that it has received an unsolicited bid from Avis Budget Group, Inc. (CAR) to acquire the company for cash and stock. The $46.50 per share bid by Avis tops an earlier cash and share bid by Hertz Global Holdings Inc. (HTZ) of $41 per [...]
Logitech Turns To Q1 Profit On Margin Expansion, Sales Growth; Boosts 2011 Sales Outlook – Update
Computer interface devices manufacturer Logitech International S.A. (LOGI) reported Wednesday a profit for the first quarter compared to a loss last year, boosted by 47% sales growth and margin expansion amid improved sell-through across all retail regions.
Sage Group Expects FY10 Results To Match Market View – Update
Business management software provider Sage Group plc (SGE.L) said Wednesday, in its interim management statement, that it expects full year results to be in line with market expectations amid uncertain macro-economic environment.