Stocks in News: Medtronic, Novartis AG, Armstrong World Industries, Omnicare

Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Medtronic, Inc.(NYSE:MDT) is lower 2.89% and is trading at $45.76. For the quarter ended Jan. 25, Medtronic reported a profit of $988 million, or 97 cents a share, up from $935 million, or 88 cents a share, a year earlier. Excluding acquisition-related charges and other items, adjusted earnings from continuing operations were up at 93 cents from 84 cents. Revenue increased 2.8% to $4.03 billion and was up 4% excluding currency fluctuations.

Analysts polled by Thomson Reuters most recently projected earnings of 91 cents on revenue of $4.04 billion.

How Should Investors Trade MDT After The Recent Movement? Find Out Here

Novartis AG (ADR)(NYSE:NVS) added 0.68% and is trading at $69.67. Novartis AG Tuesday abandoned its plan to pay outgoing Chairman Daniel Vasella 72 million Swiss francs ($78 million) following pressure from shareholders. The company said its board of directors and Dr. Vasella had agreed to cancel a six-year noncompete and related-compensation agreement that was made public over the weekend.

Is NVS A Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Armstrong World Industries, Inc.(NYSE:AWI) is lower 3.52% and is trading at $54.25. For the latest quarter, Armstrong reported a profit of $8.4 million, or 14 cents a share, down from $8.5 million, or 14 cents a share, a year earlier. Excluding tax adjustments and other items, earnings per share rose to 34 cents from 18 cents. Analysts recently projected adjusted earnings of 32 cents.

Revenue was down 1.6% to $612.8 million. The company had expected $585 million to $635 million.

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Omnicare, Inc.(NYSE:OCR) is lower 0.10% and is trading at $39.53. Omnicare reported a profit of $59 million, or 54 cents a share, up from $31.2 million, or 34 cents a share, a year earlier. Excluding litigation-related expenses and other items, adjusted earnings from continuing operations were up at 86 cents a share from 78 cents.

Revenue decreased 1.7% to $1.53 billion. In the long-term-care segment, net sales declined 7.3% to $1.18 billion, while sales in the smaller specialty-care group climbed 25% to $346 million. Analysts polled by Thomson Reuters most recently projected earnings of 85 cents a share on revenue of $1.51 billion.

How Should Investors Trade OCR After The Latest Earnings Report? Find Out Here

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