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Los Angelas, CA -- (SBWIRE) -- 11/01/2012 -- Cirrus Logic, Inc. (NASDAQ:CRUS) stocks are being stopped in after hours as the organization revealed its third quarter income. The company published a sharp jump in its main point here motivated by strong sales from its audio section. Moreover, the company has approximated better than approximated income for the third quarter. The company now desires to generate income of $270 million and $300 million, smashing analysts’ focus on about $238 million. In the latest quarter, the organization gained $35.4 millions, or 51 cents a discuss on income of $193.8 million, compared to a year ago profit of $11.2 million, or 17 cents a share. On an modified basis, the company gained 79 cents a share, ahead of analysts’ focus on by 8 cents. Gross edge reduced to 51.7% from 53.5%.
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The Western Union Company (NYSE:WU) reported third-quarter 2012 revenue of US$1.42 billion, up 1% from the prior-year quarter record. For the third quarter, net income jumped 12% to US$269.5 million, from US$239.7 million in the same quarter last year. Shares of Western Union tumbled over 29.01% to close at US$12.73. Abnormal trading volume of Western Union was found reaching 62.72 million shares, 14 times heavier than usual day trading. Investors may want to find out how Western Union insiders are thinking about the future of the company.
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Radian Group Inc. (NYSE:RDN) is a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance (first-lien). The Company’s business segments are mortgage insurance and financial guaranty. Its mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, and risk management services to mortgage lending institutions. Radian Group Inc. (NYSE:RDN) reports a Q3 revenue totalling $260.8 million, consensus $193.2 million. These results included combined losses from the change in fair value of derivatives along with other financial instruments totaling $41.8 million and net gains on investments totaling $84.7 million.
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Barrick Gold Corp. (NYSE:ABX), the world’s biggest producer of the precious metal, reported third-quarter earnings and sales that missed analysts’ estimates after mining costs rose more than expected and production fell. Profit excluding impairment charges, foreign-exchange losses and other items was 85 cents a share, Toronto-based Barrick said today in a statement, trailing the 99-cent average of 23 estimates compiled by Bloomberg. Sales declined to $3.44 billion from $3.97 billion, missing the $3.65 billion average of eight estimates. The shares fell as much as 7.6 percent.
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