iBankCoin
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U.S. Equity Preview: WTSLA, SCS, NKE, MU, COV. CPWM, & ACN

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Accenture Plc (ACN) : The world’s second-largest technology-consulting company raised its full-year earnings forecast to at least $3.82 a share, beating analysts’ average projection of $3.80.

Cost Plus Inc. (CPWM) : The seller of international- themed food and casual furnishings forecast first-quarter revenue of at least $210 million, exceeding the average analyst estimate of $205.8 million.

Covidien Plc (COV) : The maker of surgical products and drugs agreed to buy closely held Newport Medical Instruments Inc., which makes ventilators, for $108 million. The Dublin- based company said it sees no material effect on sales and earnings in 2012.

Micron Technology Inc. (MU) : The largest U.S. maker of computer memory reported a third consecutive loss after sluggish demand for personal computers dragged down chip prices.

Nike Inc. (NKE) : The world’s largest sporting-goods company reported third-quarter profit that topped analysts’ estimates as sales gained in North America.

Steelcase Inc. (SCS) : The maker of office furniture forecast first-quarter earnings of no more than 12 cents a share, falling short of the average analyst estimate of 16 cents.

Wet Seal Inc. (WTSLA) : The apparel chain for teenage girls forecast first-quarter earnings of no more than 4 cents a share, missing the average analyst estimate by 2 cents.

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