Friday’s Markets

Posted by BobL on 7/10/09 • Categorized as Market News

Earnings: Friday Before Open

Infosys Technologies (INFY): FQ1 EPS of $0.55 beats by $0.08. Revenue of $1.12B (-2.9%) vs. $1.07B. Sees FQ2 EPS of $0.50-0.51 vs. $0.47, and full-year EPS of $1.97-2.00 vs. $1.92. (PR)

Lawson Software (LWSN): FQ4 EPS of $0.10 in-line. Revenue of $186M (-20%) vs. $177M. Sees Q1 EPS of $0.05 vs. $0.08 and Q1 revenue of $160M-165M vs. $165M. (PR)
Shaw Group (SGR): FQ3 EPS of $0.57 misses by $0.03. Revenue of $1.8B (unchanged) in-line. Sees FY09 EPS of $2.00 vs. $2.22. (PR)

Asia markets suffered moderate losses. Europe stocks are lower and U.S. futures are under pressure.
Asia: Nikkei -0.04% to 9,287. Hang Seng -0.46% to 17,708. Shanghai -0.29% to 3,114. BSE -1.84% to 13,504.
Europe at midday: London -0.6%. Paris -0.7%. Frankfurt -0.5%.
Futures: Dow -0.8% to 8070. S&P -0.7% to 872.50. Nasdaq -0.6%.
30-year Tsy bond +0.62%. 10-year +0.41%. 5-year +0.3%. 2-year+0.06%.
Crude -1.3% to $59.64. Gold -0.8% to $908.50. Euro -1% vs. dollar. Yen+0.3%. Pound -1%.