Hot Stocks To Watch Thursday Feb 3, 2011 : NWS, NYT, CHTP, LVS
NWS - The company said it earned $642 million, or 24 cents a share, compared with a profit of $254 million, or 10 cents a share, in the ear ago period. Revenue rose to $8.76 billion from $8.68 billion. Analysts polled by Thomson Reuters were expecting earnings of 28 cents a share on sales of $8.7 billion.
NYT - New York Times (NYT) is expected to report fourth-quarter earnings of 35 cents a share on Thursday.
CHTP - The biotechnology company said it would modify a study of its hypotension drug Northera after finding a greater-than-expected benefit in participants in the control group taking placebo, making it hard to determine the drug’s effect. Shares are expected to drop more.
LVS - Las Vegas Sands Corp. announced that its board of directors has declared a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on Tuesday, February 1, 2011. The dividend payment will be made on February 15, 2011, as specified in the Certificate of Designation for the preferred stock.
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