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Los Angelas, CA -- (SBWIRE) -- 01/28/2013 -- Terex Corporation (NYSE:TEX) bolted 10%, snapping to a new high in fast trading. The Connecticut-based industry leader is 4% above a 30.10 buy point in a three-weeks-tight pattern. At the losing end, Apple reversed lower in heavy trade, making a new 52-week low. The iPhone maker is down 12% so far for the week. It would mark the stock's worst week since October 2008. The company, on Jan. 15, reported in its Form 8-K that on January 14, 2013 that Kevin Bradley, currently President, Terex Cranes, will transition to the role of Senior Vice President and Chief Financial Officer (CFO) effective immediately after the filing of the Company's Annual Report on Form 10-K for 2012. Mr. Bradley, 50, was named President, Terex Cranes in January 2011. Prior to that, Mr. Bradley had served as President, Terex Financial Services since joining Terex in 2005.
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Shares of network infrastructure products specialist QLogic (NASDAQ:QLGC) jumped 16% today after the company's quarterly results topped Wall Street expectations. QLogic shares have been beaten over the past year on disappointing demand for its Ethernet products, but today's third-quarter beat -- adjusted EPS of $0.20 on revenue of $119.4 million versus the consensus of $0.18 and $117.5 million, respectively -- suggests that things are starting to turn around. While year-over-year numbers did drop, the rate of decline is slowing, forcing analysts to increase their valuation estimates.
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Chuy’s Holdings Inc. (NASDAQ: CHUY) has priced its secondary offering of 4.5 million shares at $25 per share. All of the shares are being offered by certain existing shareholders. In addition, the underwriters have a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering is expected to close on Jan. 30, 2013. Austin, Texas-based Chuy’s (NASDAQ: CHUY) operates 40 stores nationwide, including three stores in the San Antonio area.
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Shares of Lattice Semiconductor (NASDAQ:LSCC) have jumped today by as much as 22% after the company reported better-than-expected earnings. Revenue in the fourth quarter came in at $65.9 million, which was down 6.1% from the prior year, but in line with forecasts. That resulted in a net loss of $0.06 per share, which topped the consensus estimate of a $0.07-per-share loss. The company also provided outlook, expecting revenue in the first quarter to decline 2% to 4% sequentially with gross margin of 54%, plus or minus 2%. Operating expenses should be roughly $35.5 million. Following up the results, shares received an upgrade from Craig-Hallum, which boosted its rating from neutral to buy along with a price target of $5.
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