The company also raised its quarterly dividend by a nickel, but reduced guidance as investors are still skeptical on the issue.
Off a flat open, it managed a brief spike to $55.70, but quickly surrendered those gains.
From a technical perspective, the bulls and bears have been battling it out in the $54 area for quite some time. Prior to today's spike high, the issue traded in a narrow range from $53.56 to $55.23 over the its previous nine sessions. It has closed in the $54 handle in each of those sessions between $54.14 and $54.73.
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