Month: April 2011

Mergers & Acquisitions

Robbins & Myers Completes Sale of Romaco Businesses

April 29, 2011 0

Robbins & Myers Completes Sale of Romaco Businesses PR Newswire DAYTON, Ohio, April 29, 2011 DAYTON, Ohio , April 29, 2011 /PRNewswire/ — Robbins & Myers, Inc. (NYSE: RBN) completed the previously announced sale of its Romaco businesses to a group of funds led by Deutsche Beteiligungs AG, a Frankfurt, Germany -based private equity investment firm. Total consideration was approximately euro 65 million (approximately $96 million ) including euro 61 million of cash and euro 4 million of assumed liabilities and is subject to post-closing adjustments. […]

Stock Analysts

NextEra Energy Misses the Mark (NEE) (PGN)

April 29, 2011 0

NextEra Energy Inc. ( NEE ) announced first-quarter 2011 operating earnings of 94 cents per share, at par with the year-ago quarter. The results of the company fell below the Zacks Consensus Estimate, as provided by 12 coverings analysts, by 2 cents. […]

Mergers & Acquisitions

Graphic Packaging International Completes Sierra Pacific Packaging Asset Acquisition

April 29, 2011 0

Graphic Packaging International Completes Sierra Pacific Packaging Asset Acquisition PR Newswire MARIETTA, Ga., April 29, 2011 MARIETTA, Ga. , April 29, 2011 /PRNewswire/ — Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), today announced that it has completed its acquisition of substantially all of the assets and business of Sierra Pacific Packaging, Inc., a producer of folding cartons, beverage carriers and corrugated boxes for the consumer packaged goods industry. “This is a unique opportunity that provides us with a strategic location to service customers on the West Coast and allows us to participate in the fast-growing craft beer and litho-lam wine box markets. […]

Stock Analysts

DR Horton Results Deteriorate (DHI)

April 29, 2011 0

DR Horton Inc. ( DHI ) reported net income of $27.8 million or 9 cents per share in the second quarter of fiscal 2011 compared with a net income of $11.4 million or 4 cents per share during the same quarter in last fiscal. However, on excluding a non-cash tax benefit of $59.2 million and charges of $14.3 million for inventory impairments and land option cost write-offs, DR Horton realized a net loss of $17.1 million or 5 cents per share at par with the Zacks Consensus Estimate. […]

Stock Analysts

Telaprevir Backed by FDA Panel (JNJ) (VRTX)

April 29, 2011 0

Vertex Pharmaceuticals Inc. ( VRTX ) recently announced that the US Food and Drug Administration’s (FDA) Antiviral Drugs Advisory Committee voted unanimously (18-0) in favor of approving telaprevir as a treatment for hepatitis C virus (HCV), in both treatment-na […]

Stock Analysts

Athenahealth Beats Squarely (ATHN) (CERN) (MDRX) (MSFT) (QSII)

April 29, 2011 0

Leading provider of Internet-based business services for physician practices, Athenahealth ( ATHN ) reported first-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings of 10 cents per share topping the Zacks Consensus Estimate of 6 cents. Net income (as reported) for the quarter zoomed manifold to $3.3 million (or 9 cents per share) riding on higher revenues. […]

Stock Analysts

AXIS Capital Suffers Huge Cat Loss (ACE) (AXS)

April 29, 2011 0

AXIS Capital Holdings Limited ( AXS ) reporte d a first-quarter operating loss of $3.65 per share, wider than the Zacks Consensus Estimate of a loss of $3.36. Results compared unfavorably with 67 cents earned in the prior-year period. Operating loss was $414 million in the quarter, compared to a profit of $96 million in first quarter 2010 […]

Fast Money Episodes

Market Ga-Ga

April 29, 2011 0

[cnbc 3000019314] A look at historic earnings and stocks, and where investors can make the best sector plays, with David Doll, Sequent Asset Management and John Lynch, Wells Fargo Funds Management Group […]

Stock Analysts

Varian Beats on Revenue Growth (ACLS) (VSEA)

April 29, 2011 0

Varian Semiconductor Inc. ( VSEA ) reported second quarter 2011 earnings per share (EPS) of $1.07, inching past the Zacks Consensus Estimate by a penny. The quarter’s results were significantly higher than the year-ago quarter and the upper end of the company’s guided range of $1.02–$1.07, attributable to higher revenues and margins […]