Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT
NEW YORK, NY -- (Marketwire) -- 01/24/13 -- The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.
Coach, Inc. (NYSE: COH) shares of the luxury retailer fell 16 percent on over 46 million shares traded Wednesday, which was nearly 12 times the average daily volume. The company's earnings of $1.23 per share in the second quarter fell short of analysts' expectations of $1.28 per share. "We were disappointed by our performance in North America, where the holiday season proved challenging," CEO Lew Frankfort said.
Cree, Inc. (NASDAQ: CREE) shares soared over 22 percent on nearly 8 times the average daily volume Wednesday. The company reported revenue increased 14 percent to $346 million in the fiscal second quarter, which was a new quarterly record.
Google Inc., (NASDAQ: GOOG) lead the tech sector rally Wednesday gaining 6 percent on over 5 million shares traded, which was more than double the average daily volume. The company reported revenues in the fourth quarter surged 36 percent year-over-year to $14.43 billion.
International Business Machines Corp. (NYSE: IBM) shares spiked 5 percent on over 10.5 million shares traded Wednesday. The company reported diluted earnings of $14.37 per share for the full year 2012, which was a year-over-year increase of 10 percent. Diluted EPS have seen double digit gains for ten consecutive years.
Find out more about International Business Machines including full access to the free equity report at: www.BedfordReport.com/IBM
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