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Company News For Jul 12, 2018

Zacks Equity Research
Updated
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • American Airlines Group Inc. AAL shares plunged 8.1% after the company trimmed its fiscal second-quarter TRASM growth forecast to 1%-3% year-over-year from the previous guidance of 1.5%-3.5%

  • Twenty-First Century Fox Inc. FOXA plummeted 4% after the company raised its bid by more than 30% to acquire a 61% stake in SKY plc

  • Fastenal Co.’s FAST shares jumped 10.1% after reporting fiscal second-quarter 2018 earnings per share of $0.74 outpacing the Zacks Consensus Estimate of $0.66

  • Shares of MSC Industrial Direct Co. Inc. MSM tumbled 4.5% after posting fiscal third-quarter 2018 revenues of $828.35 million missing the Zacks Consensus Estimate of $832.13 million


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