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Top Earnings To Watch (CIGX, CYAN, Macy’s)

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Star Scientific, Inc. (NASDAQ:CIGX) added 0.55% to $1.82. The company reported a third-quarter net loss of $4.8 million compared with a net loss of $4.9 million for third-quarter 2009.

Net sales for the third quarter totaled $211 thousand compared with $232 thousand for third-quarter 2009.

The stock went up more than 160% year-to-date.

CYANOTECH CORP (NASDAQ:CYAN) went up 2.50% to $2.46. The company posted second quarter net income of $526 thousand, compared to net income of 599 thousand in the year-ago period.

On a per share basis, earnings decreased to $0.10 from $0.11 per share in the prior year period.

Net sales for the period dropped to $3.8 million from $3.9 million for the comparable period last year.

Macy’s, Inc. (NYSE:M) rose 0.38% to $25.32. The company said Wednesday that it swung to a fiscal third-quarter profit of $10 million, or 2 cents a share, from a loss of $35 million, or 8 cents a share, a year earlier. Sales in the quarter ended Oct. 30 rose 6.6% to $5.62 billion.

Same-store sales climbed 3.9%. Excluding costs related to debt repurchase, the company earned 8 cents a share in the most recent quarter. Analysts estimated Macy’s to earn 3 cents a share, according to FactSet.


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