EdgeWater 10/28/2010 9:48:54 PM
News / Business

US Stocks Ended Mixed (NOV, AFL, RHT)

US Stocks Ended Mixed

Illumina, Inc. (NASDAQ:ILMN) soared 6.31% to $54.91. For the third quarter, the company reported net income of $35.4 million, or 24 cents a share, compared to $17.1 million, or 12 cents a share, in the year-ago period. Excluding special items, the company earned 30 cents a share.

Revenue for the quarter rose 50 percent to $237.3 million. Product revenue increased to $224.7 million from $150.3 million a year ago.

Analysts were expecting the company to earn 24 cents a share, on revenue of $218.28 million, according to Thomson Reuters.

Over the past 52-week, the stock had traded within the range of $25.59-$57.19 and is up more than 79% year-to-date. The stock made its fresh 52-week high of $57.19.

Aeropostale, Inc. (NYSE:ARO) lost 5.52% to $25.15 after the stock was initiated at Underweight with a price target of $26 target by Morgan Stanley.

The stock went up more than 9% year-to-date.

Over the past five trading sessions, the stock went down more than 5%. At today`s closing market price, the market capitalization of the company stands at $2.33 billion.

AFLAC Incorporated (NYSE:AFL) went up 2.17% to $56.39 after it made its fresh one-year high of $56.98. FBR Capital maintained a 'Market Perform' rating on Aflac Incorporated and raisedits price target on the stock from $53 to $59.

The company said late Tuesday that third-quarter net income came in at $690 million, or $1.46 a share, compared with $363 million, or 77 cents a share, in the year-earlier period.

Over the past 52-week, the stock traded within the range of $39.91-$56.98.

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