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Premarket Roundup: Prudential Financial, Starbucks

By Associated Press May 1, 2008

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Among the premarket stories for Thursday, May 1, from AP Financial News:

NEW YORK (AP) _ Prudential Financial Inc.'s first-quarter results will likely be viewed as disappointing to Wall Street after weakness across all divisions fueled a nearly 93 percent profit drop, an analyst said late Wednesday.

NEW YORK (AP) _ Analysts remained wary on Starbucks Corp.'s short-term potential Thursday, the day after the gourmet coffee chain said its fiscal second-quarter profit dropped 28 percent.

NEW YORK (AP) _ Analysts remained bullish on Las Vegas Sands Corp.'s long-term potential Thursday, the day after the casino giant swung to an $11.2 million first-quarter loss due in part to the sagging economy.

NEW YORK (AP) _ Analysts cut their estimates for Garmin Ltd. Thursday, a day after the personal navigation device maker gave a weak first-quarter report and its stock fell to two-year lows.

NEW YORK (AP) _ Several analysts cut their estimates on Reynolds American Inc. after the nation's second-largest tobacco company cut its full-year outlook and posted an adjusted first-quarter loss that missed expectations.

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DocumentId: 634874, ~/articles/articlehandler.aspx, 5/17/2008 4:20:20 AM

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