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Leigh Baldwin & Co.

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Diamonds and Dogs

6/12/12

FactSet Research Systems Inc. (FDS)

FactSet's research will show horrible results today, down 12.37% at $91.63. FactSet said that its fiscal third-quarter profit rose 11 percent on higher revenue both in the U.S. and overseas. For the quarter ended May 31, the financial information company reported net income of $48 million, or $1.05 per share, up from $43.3 million, or 92 cents per share, in the same quarter last year. Furthermore, total revenue rose 10 percent to $202.3 million from $183.6 million. U.S. revenue rose 10 percent to $138.2 million, while international revenue rose 11 percent to $64.1 million. This is great news and would normally send a stock upward; however the company's outlook for the fourth quarter was not so promising. For the fiscal fourth quarter, FactSet said it expects to post earnings of between $1.06 and $1.08 per share. Revenue is expected to total between $204 million and $208 million. These numbers come in slightly below analysts' expectations, and have caused investors to fear the company might be slipping.

First Solar Inc. (FSLR)

First Solar finally seems to have some sunshine breaking through the clouds today, up 21.25% at $14.95. The bounce upward comes one day after the solar power specialist announced it signed contracts to build two utility-scale projects in Australia for AGL Energy, a major power provider. This contract is only part of the great day that First Solar is having; the other part comes from increased demand in Europe. The company reported that the demand in Europe has caused it to delay the close of its plants in Germany. First Solar was planning on closing its German plants soon; however this unexpected increase in demand will give the plants at least a few more months. A spokesman for First Solar said, "We expect that we can run both plants at almost full capacity until October and slowly reduce production after that before we close them by the end of the year." First Solar is well off of its 52-week low of$11.43 but still below its 52-week high of $142.22.
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