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New York, NY -- (SBWIRE) -- 10/26/2012 -- Tenneco (NYSE:TEN) announced its earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.06. Tenneco’s revenue was up .3% compared to the same quarter last year. A number of research firms also recently commented on TEN. Analysts at Jefferies Group reiterated a “buy” rating on shares of Tenneco in a research note to investors on Thursday, October 4th. On a related note, analysts at UBS AG reiterated a “sell” rating on shares of Tenneco in a research note to investors on Monday, October 1st. Finally, analysts at JPMorgan Chase cut their price target on shares of Tenneco from $40.00 to $39.00 in a research note to investors on Wednesday, September 19th. They now have an “overweight” rating on the stock.Shares of Tenneco (TEN) traded up 14.52% during mid-day trading on Thursday, hitting $30.68. Tenneco (TEN) has a 52 week low of $24.35 and a 52 week high of $40.69. The company has a market cap of $1.845 billion and a P/E ratio of 9.27.
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LogMeIn Inc (NASDAQ:LOGM) soared 18.68% and closed at $23.82 on a traded volume of 1.41 million shares after the Company released third quarter results.Net income was $718 thousand or $0.03 per share compared to GAAP net income of $1.1 million or $0.04 per share in the third quarter of 2011. Total revenue increased 14% to $35.4 million. Total subscription revenue increased 21% to $34.9 million. However, analysts expected the company to report profit of $0.16 per share on revenue of $35.13 million for the quarter. The Company expects fourth-quarter revenue to be in the range of $36.4 million to $36.8 million. Adjusted net income is expected to be in the range of $0.17 to $0.18 per share.
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Overstock.com Inc. (NASDAQ:OSTK) reported third quarter EPS of $0.11 Thursday morning, compared to the loss of $0.33 in the prior year. Revenues were $255.4 million, compared to $239.7 million a year ago.Overstock.com rose steadily until mid-morning Thursday and advanced further around mid-afternoon. The stock closed up by 2.56 at $13.50, with volume at over a 7-month high. Overstock.com surged past the upper end of a week and a half long range and set a new high for the year.
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Shares of 8x8 (NAS:EGHT) have soared today by as much as 14% after the company reported fiscal second quarter earnings. Revenue jumped 33% to $26.4 million, with 96% of sales coming from business customers. Gross margin increased to 68%, which helped the company generate non-GAAP net income of $3.7 million, or $0.05 per share. Those results were mostly in-line with analyst estimates. 8x8 saw a big jump in average monthly revenue per customer, increasing from $207 a year ago to $256 last quarter. This was driven in part by each customer subscribing to more services, with the average number of services being 10.6. The company is seeing small- and mid-market customers adopting more services, as many of them have mobile workforces that tap into 8x8's applications.
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