Rochester, NY 8/24/2009 10:36:43 PM
Verigy Ltd. VRGY, VRGY Popular Stocks
Verigy Ltd. VRGY
Friday U.S. stocks traded higher as the Dow Jones Industrial Average rose 1.50% to 9491, the Standard & Poor’s 500 gained 1.93% to 1027 and the Nasdaq Composite increased 1.57% to 2020
Mentor Graphics’ in the past two years fiscal second-quarter loss - its sixth - widened on lower margins. But the chip-design software company’s results topped its forecast.
Aeropostale Inc.’s fiscal second-quarter profit raised 82% as higher same store sales reported by teen-apparel retailer, while fellow teen retailer Wet Seal Inc. put in a weaker performance, its profit falling 69%.
ScanSource Inc.’s fiscal fourth-quarter earnings bagged down badly to 14% as the distributor of security devices, such as bar-code scanners and card readers, posted a double-digit revenue decline. Still, the company offered surprisingly strong revenue guidance for the current quarter.
Verigy Ltd. swung to a fiscal third-quarter loss as sales dropped by more than half and margins sagged. Shares dropped even though the semiconductor-testing company’s results topped estimates and it predicted fiscal fourth-quarter results in line with estimates. The stock was cut to equalweight from overweight by Barclays.
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