Morning Buzz : Baidu Inc (ADR) (NASDAQ:BIDU), Wells Fargo & Company (NYSE:WFC), Stage Stores Inc. (NYSE:SSI), DepoMed Inc. (NASDAQ:DEPO), TDY

Technology Stocks News 18

China’s Baidu Inc. (ADR) (NASDAQ:BIDU), the world’s No 2 Internet search engine, bought control of Brazilian online-discount company Peixe Urbano for an undisclosed sum, the latest step in a push to expand in Latin America’s largest economy that began more than two years ago. Baidu Inc (ADR) (NASDAQ:BIDU) belongs to Technology sector. Its net profit margin is 29.80% and weekly performance is -0.84%. On last trading day company shares ended up $213.00. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is -2.37%.

The federal government says it has reached a $5 million settlement with Wells Fargo & Company (NYSE:WFC) to resolve allegations it discriminated against pregnant women, new mothers and women on maternity leave. Wells Fargo & Company (NYSE:WFC) shares fell -1.98% in last trading session and ended the day at $51.12. WFC return on assets is 1.40%. Wells Fargo & Company (NYSE:WFC) quarterly performance is -0.02%.

Stage Stores Inc. (NYSE:SSI) has entered into an amended and restated $350 million senior secured revolving credit facility that will mature on Oct. 6, 2019. The credit facility replaces the company’s former $250 million senior secured revolving credit facility, which was set to mature on June 30, 2016. On 09 October, Stage Stores Inc. (NYSE:SSI) shares fell -2.73% and was closed at $16.06. SSI EPS growth in last 5 year was 18.10%. Stage Stores Inc. (NYSE:SSI) year to date (YTD) performance is -26.19%.

Depomed Inc. (NASDAQ:DEPO) last announced its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $38.03 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 126.1% on a year-over-year basis. Analysts expect that Depomed will post $0.47 EPS for the current fiscal year. DepoMed Inc. (NASDAQ:DEPO) ended the last trading day at $14.18. Company weekly volatility is calculated as 4.41% and price to cash ratio as 3.80. DepoMed Inc. (NASDAQ:DEPO) showed a weekly performance of -6.89%.

Teledyne DALSA, a Teledyne Technologies Inc. (NYSE:TDY) and global leader in machine vision, today announced its high resolution 8k line scan camera – the latest addition to its Linea(tm) series of low-cost, high-value cameras. The feature-rich Linea cameras address the mainstream market for machine vision applications and delivers high speed and responsivity at an exceptional price point. Teledyne Technologies Inc. (NYSE:TDY) shares fell -1.37% in last trading session and ended the day at $92.96. TDY Gross Margin is 37.10% and its return on assets is 7.40%. Teledyne Technologies Inc. (NYSE:TDY) quarterly performance is -1.78%.

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