Cigna & Genesis Decline - Market Update

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Market Update :

Cigna & Genesis Decline

Author: 123jump.com Staff
123jump.com
Last Update: 3:34 PM EDT May 03 2006

Market averages turn negative after digesting a fresh batch of earnings in the morning. TimeWarner reported higher revenue and earnings but missed the estimate. Proctor & Gamble reported higher earnings and 21% higher revenue. P&G stock has been on the decline for the 45 days and declined further today. Blue Nile and Cognizant reported better than expected earnings. FPL, Clear Channel met expectations. Genesis Micro and Cigna disappointed the market. Cigna dropped $12 and Genesis lost 20%.

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