Month: May 2011

Duke Realty Corporation ( DRE ), one of the largest commercial real estate companies in the U.S., reported first quarter 2011 FFO (fund from operations) of $71.8 million or 27 cents per share compared to $63.9 million or 28 cents in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The year-over-year decrease in FFO per share was primarily due to a rise in weighted average shares during first quarter 2011. […]

ProLogis ( PLD ), one of the leading global providers of distribution facilities,reported fiscal 2011 first quarter recurring funds from operations (FFO) of 13 cents per share, which missed the Zacks Consensus Estimate by 2 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term outlook for the stock. […]

Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. ( SXL ) announced weaker-than-expected first-quarter 2011 results, adversely affected by soft performance from its ‘Refined Products Pipeline System’ segment on the back of significant unplanned refinery outages and lower demand across the system. The partnership’s diluted earnings per unit (“EPU”) came in at $1.08, below the Zacks Consensus Estimate of $1.31. […]

The first quarter earnings season is off to a strong start. We now have 306 (61.2%) of the reports in. […]

BorgWarner Inc. ( BWA ) showed a 54% increase in profit to $1.00 per share in the first quarter of 2011 from 65 cents per share (excluding a non-recurring item) in the same quarter of the prior year led by higher sales. […]

Lender Processing Services Inc. ( LPS ) reported first-quarter 2011 adjusted earnings per share of 81 cents, in line with the Zacks Consensus Estimate and at the lower end of the company's guidance range of 81 cents to 84 cents. Results were a penny above the prior-year quarter’s earnings. […]

BorgWarner Inc. ( BWA ) showed a 54% increase in profit to $1.00 per share in the first quarter of 2011 from 65 cents per share (excluding a non-recurring item) in the same quarter of the prior year led by higher sales. The profit surpassed the Zacks Consensus Estimate by a narrow margin of 4 cents per share. […]

Humana Inc. ( HUM ) reported its first-quarter operating earnings of $1.55 per share, surpassing the Zacks Consensus Estimate of $1.45 per share. This also compares favorably with earnings of $1.15 in the year-ago quarter […]

Corning Inc’s ( GLW ) first quarter 2011 earnings beat the Zacks Consensus Estimate by 4 cents, or 9.1%. Revenue growth was also strong, exceeding the Zacks Consensus by 5.3%. […]

DISH Network Corp. ( DISH ) declared financial results for the first quarter of 2011. Quarterly GAAP net income was $549 million or $1.22 per share compared with a net income of $218.2 million or 52 cents per share in the prior-year quarter. […]

Bayer ’s ( BAYRY ) earnings per share during the first quarter of 2011 came in at €1.45 (approx $1.99) compared to €1.13 (approx. $1.64) in the year-ago period. Strong revenues boosted earnings […]

Strayer Education, Inc. ( STRA ), for-profit education company, recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of $2.80 per share beat the Zacks Consensus Estimate of $2.67 and jumped 6% from $2.65 earned in the year-ago quarter due to the fall in share count on account of a share buyback […]

NCR Corp. ( NCR ) posted decent first quarter 2011 earnings per share of 27 cents, beating the Zacks Consensus Estimate of 23 cents. Revenue NCR Corp […]

Royal Caribbean Cruises Ltd. ( RCL ) reported first-quarter 2011 adjusted earnings of 31 cents per share, breezing past the Zacks Consensus Estimate of 13 cents and showing a strong improvement from the year-earlier quarter’s earnings of one penny. On a GAAP basis, Royal Caribbean’s first-quarter earnings were 42 cents a share versus 40 cents recorded in the comparable quarter last year. […]