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Novell shares jump 5% following earnings report

SAN FRANCISCO (MarketWatch) — Shares of Novell Inc. rose more than 5% Friday, one day after the software company said it swung to a profit in its fiscal second quarter. Novell , which provides open source software and services to businesses, posted quarterly results late Thursday including $235.67 million in revenue. Analysts had been estimating Novell would post revenue of $234.3 million, according to FactSet Research. Novell shares rose 37 cents to $7.08.
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Original post by Forextvblog

This entry was posted on Friday, May 30th, 2008 at 1:02 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.