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Leap Wireless International, Inc. (NASDAQ:LEAP) has been downgraded by Baird due to disappointing Q2 results, free cash flow losses, and a leveraged balance sheet, among other reasons. The price target was reduced to $3 from $6. Shares of Leap Wireless International, Inc. are trading 20.83% lower today.
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CVS Caremark Corporation (NYSE:CVS) estimates an additional benefit of about 5c per share during Q3 and Q4. The company states that it expects to retain a minimum of 50 percent of prescription volume gained from the impasse during Q4. These comments are from slides that will be presented on the Q2 earnings conference call. Shares of CVS Caremark Corporation are trading 1.47% lower today.
NII Holdings, Inc. (NASDAQ:NIHD): According to Wells Fargo, it would describe the tone of NII Holdings’ earnings conference call as one of a company in a serious transition. Wells claims that the biggest news on the call was that NII suggests it would consider selling its 7K towers, which Wells sees as positive. The firm maintains a Market Perform rating on the stock. Shares of NII Holdings, Inc. are trading 25.37% lower today.
Fossil, Inc. (NASDAQ:FOSL) sees its Q3 sales up 16 percent, or 18 percent on constant dollar basis. Consensus is $741.53 million. Shares of Fossil, Inc. are trading 31.9% higher today.
HCA Holdings Inc (NYSE:HCA): Hospital chain HCA (NYSE:HCA) discovered that, between 2002-2010, a number of its hospitals in Florida were performing heart procedures that their doctors were not able to justify, The New York Times reported yesterday. The newspaper described the cases of a number of HCA patients on whom complicated heart procedures were allegedly unnecessarily performed. Yesterday morning, prior to the article being published, HCA announced that the U.S. Attorney’s Office in Miami had requested information concerning the medical necessity of cardiac procedures performed at the company’s hospitals. Yesterday, the company also warned that The Times was intending to publish a possibly unflattering story. Shares of HCA Holdings Inc are trading 4.54% higher today.
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