Month: April 2011

Mergers & Acquisitions

Christian Audigier, Through His Holding, Nervous Tattoo, Inc., Sold the Rights to the Master License of Ed Hardy to Iconix Brand Group

April 29, 2011 0

Christian Audigier, Through His Holding, Nervous Tattoo, Inc., Sold the Rights to the Master License of Ed Hardy to Iconix Brand Group PR Newswire LOS ANGELES, April 29, 2011 LOS ANGELES , April 29, 2011 /PRNewswire/ — Christian Audigier , through his holding, Nervous Tattoo, Inc., sold the rights to the master license of Ed Hardy to Iconix Brand Group. Audigier retained the license to certain products like t-shirts, hats, hoodies, etc. Iconix Brand Group is a leading worldwide brand management company with a portfolio of brands including: Material Girl, Rocawear, Candie’s, and now Ed Hardy . […]

Stock Analysts

Maxwell Misses Estimate (AVX) (MXWL) (OSIS)

April 29, 2011 0

Energy storage and power delivery products maker, Maxwell Technologies Inc. ( MXWL ) reported first quarter 2011 adjusted earnings of 1 cent per share, missing the Zacks Consensus Estimate of 5 cents. However results comfortably beat the year-ago quarterly loss per share of 5 cents. […]

Stock Analysts

Weyerhaeuser Slips (IP) (LPX) (WY)

April 29, 2011 0

Weyerhaeuser Co. ( WY ) reported its financial results for the first quarter 2011 on April 29. Earnings per share were nil and excluded an 18 cent per share (or $96 million) gain from the sale of non-strategic timberlands, compared with a loss of 7 cents per share in the first quarter of 2010 and 10 cents in the previous quarter. […]

Stock Analysts

BNY Mellon to Expand in Chicago (BK) (PNC)

April 29, 2011 0

On Thursday, The Bank of New York Mellon Corporation ( BK ) announced a deal to acquire Chicago-based Talon Asset Management’s wealth management business. At present, Talon’s wealth management arm has over $800 million in asset under management. The company would integrate the acquired unit into its Wealth Management business. […]

Stock Analysts

Earnings Scorecard: Wynn Resorts (LVS) (MGM) (WYNN)

April 29, 2011 0

Wynn Resorts Limited ( WYNN ), a leading developer, owner and operator of destination casino resorts, posted better-than-expected first quarter 2011 results on April 19, 2011, buoyed by booming Macau operations and improved performance at Las Vegas. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term are covered in depth below. Earnings Report Review During the quarter, Wynn Resorts reported earnings of $1.38 cents per share, surpassing the Zacks Consensus Estimate of 73 cents and last year's 27 cents. […]

Stock Analysts

Earnings Scorecard: Stryker (BSX) (CNMD) (JNJ) (SNN) (SYK) (ZMH)

April 29, 2011 0

Orthopedic devices major Stryker Corporation ( SYK ) reported first-quarter fiscal 2011 adjusted (excluding one-time acquisition-related charges) earnings per share of 90 cents, beating the Zacks Consensus Estimate by a penny. The Quarter Revisited Profit (as reported) for the quarter slid 4.4% on account of a hefty charge associated with the company’s acquisition of Boston Scientific ’s ( BSX ) neurovascular business. Revenues surged 12% year over year to $2.02 billion, ahead of the Zacks Consensus Estimate of $2 billion […]

Stock Analysts

ICICI Bank’s Profit Steps Up (HDB) (IBN)

April 29, 2011 0

ICICI Bank Limited ’s ( IBN ) fiscal fourth quarter 2011 (ended March 31) profit came in at INR14.52 billion (US$326 million), up 44.4% from INR10.06 billion (US$226 million) in the year-ago quarter. Improved results were primarily driven by higher interest income and a substantial decline in loan loss provisions. Fee income also improved during the quarter. […]

Stock Analysts

Loss at HGSI Wider than Expected (GSK) (HGSI)

April 29, 2011 0

Human Genome Sciences Inc. ’s ( HGSI ) first quarter 2011 loss (excluding facility-related exit credits) of $0.70 per share was wider than the Zacks Consensus Estimate of a loss of $0.51 and the year-ago adjusted loss of $0.30. The wider loss in the reported quarter was attributable to lower revenues and higher expenses incurred towards the commercialization potential blockbuster lupus candidate, Benlysta […]