Stocks Recap: Ericsson, Tenet Healthcare Corp, Staples, Concho Resources Inc

Dallas, TX -- (SBWIRE) -- 03/08/2013 -- Marketbuzzreport.com, 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:-

Ericsson (ADR) (NASDAQ:ERIC) shares jumped 3.43% and closed at $12.95 in the last trading session. Devoteam SA, on Feb. 26, announced that it has entered talks with Ericsson to sell Devoteam SA's French subsidiary Telecom & Media, which represents approximately 7% of Devoteam SA's turnover. Devoteam SA also announced that the divestiture, which is in line with Devoteam SA's plan to refocus on its strategic offers, is expected to be finalized in the Q2 of the year 2013. Financial terms were not disclosed.

Is ERIC a Strong Buy After The Recent Gain? Let’s Find out Here

Tenet Healthcare Corp (NYSE:THC) shares climbed 3.42% to $41.76. Jefferies reiterated its Buy rating on THC’s shares on Mar. 4 and raised its price target from $26.00 to $48.00.

Additionally, the company last week reported fourth-quarter net operating revenue of $2.33 billion, up 7.3 percent from $2.17 billion a year ago. Analysts expected revenues of $2.34 billion for the quarter. Net income to common shares for the quarter was $49 million or $0.45 per share, compared with a net loss of $76 million or $0.70 per share in the prior year. Analysts on consensus expected earnings of $0.68 per share for the quarter.

Is THC a Strong Buying Opportunity After The Recent Slump? Find out Here

Staples, Inc. (NASDAQ:SPLS) stock jumped 3.40% to $12.76. The company, on Mar. 6, posted fourth quarter profit of $78.1 million, or 12 cents a share, from $283.6 million and 41 cents a share in the year-earlier period. Adjusted earnings were 46 cents a share. Sales ticked up 3% to $6.57 billion, but fell 4.2% discounting an extra week in this year’s period. Analysts projected per-share earnings of 45 cents and revenue of $6.72 billion.

Should Investors Consider SPLS After The Recent price Action? Get Free Trend Analysis Here

Concho Resources Inc. (NYSE:CXO) shares gained 3.40% to $90.92. CXO’s stock was upgraded by research analysts at Iberia Capital to a “sector perform” rating in a report released on Feb. 22.

Additionally, the company announced its earnings results on Feb. 20. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.01 by $0.29. The company had revenue of $477.53 million for the quarter, compared to the consensus estimate of $526.42 million.

Should Investors Consider CXO After The Recent price Action? Get Free Trend Analysis Here

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