Oppenheimer Boosts Terremark Worldwide Estimates (TMRK)
Wed. September 23, 2009; Posted: 10:49 AM
Sep 23, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/23/2009-Oppenheimer raised its estimates for Terremark Worldwide (NASDAQ:TMRK) Wednesday, stating that it expects the company to have an inline to better than-anticipated quarter, according to a report from AP. Oppenheimer said its fiscal Q2 2010 operational trends are holding up well, suggesting better results for the quarter. Oppenheimer also said that the company's business volume and more importantly size, picked up throughout the quarter. Oppenheimer raised its FY 2010 estimates to a loss of 31 cents per share, vs. consensus estimates for a loss of 44 cents per share, and up from its previous estimate for a loss of 48 cents per share.
Write to Chip Brian at cbrian@tradethetrend.com
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