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Los Angelas, CA -- (SBWIRE) -- 10/26/2012 -- TASER International, Inc. (NASDAQ:TASR), Makers of electronic control devices for personal defense markets, Friday reported third quarter net income of $3.68 million or $0.07 per share, compared to $1.14 million or $0.02 per share last year. Revenues for the quarter were $28.8 million, compared to $24.4 million a year ago. Four analysts polled by Thomson Reuters expected a loss of $0.04 per share and expected revenues of $25.71 million for the third quarter. Analysts' estimates typically exclude special items. Street currently estimates losses of $0.03 per share on revenues of $25.5 million for the fourth quarter. Shares of TASER Intl. are currently trading at $7.54, up $1.15 or 18 %, on the Nasdaq.
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Moody's Corporation (NYSE:MCO) beat the Street on Friday with a 41% leap in third-quarter profits, prompting the company to hike its full-year earnings guidance above expectations. Shares of the parent of ratings company Moody’s Investor Service rallied about 2% in response to the bullish developments. The New York-based company said it earned $183.9 million, or 81 cents a share, last quarter, compared with a profit of $130.7 million, or 57 cents a share, a year earlier. Analysts had been calling for EPS of 63 cents. Revenue leaped 30% to $688.5 million, topping the Street’s view of $622 million. U.S. revenue rose 37%, while international revenue gained 22% to $313.1 million. The results were driven by a 35% leap in revenue at Moody’s Investors Service to $473.5 million. Global corporate finance revenue surged 71% as companies refinanced and issued new debt amid record low interest rates.
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Mylan (NYSE:MYL) was upgraded by investment analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Friday. Mylan last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Several other analysts also recently commented on the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Mylan in a research note to investors on Monday. They now have a $26.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mylan in a research note to investors on Tuesday, October 9th. They now have a $26.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of Mylan in a research note to investors on Tuesday, September 18th. They set a “neutral” rating and a $26.00 price target on the stock.
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Eastman Chemical Company (NYSE:EMN) posted third-quarter 2012 adjusted earnings (from continuing operation) of $1.57 per share, outstripping the Zacks Consensus estimate of $1.42 and exceeding the year-ago earnings of $1.26. The adjusted earnings exclude costs related to its acquisition of Solutia Inc. as well as restructuring and impairment charges. Including those one-time items, the Tennessee-based chemicals maker earned 99 cents a share, down from $1.22 per share recorded a year ago. Profit (as reported) from continuing operation dipped roughly 11% year over year to $154 million as a healthy double-digit growth in sales was more than offset by the hefty acquisition and other charges.
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