Month: July 2011

Michigan-based CMS Energy Corporation ( CMS ) announced adjusted earnings for second quarter 2011 of 26 cents per share, in line with the year-over-year figure as well as the Zacks Consensus Estimate. The results reflect lower electric sales at the company’s Michigan utility, and costs to restore service to customers after a series of unusually severe spring storms. However, those costs were partially offset by slightly higher natural gas sales owing to cooler temperatures […]

Arrow Electronics Inc. ( ARW ) posted a net income (excluding loss on prepayment of debt and restructuring, integration, and other charges) of $159.8 million or $1.36 per share in the second quarter of fiscal 2011 compared with a net income of $121.3 million or $1.01 per share in the year earlier quarter. The results were in line with management’s guidance range of $1.30 to $1.40 and the Zacks Consensus Estimate. […]

Akamai Technologies, Inc. ( AKAM ) reported earnings of 27 cents per share in the second quarter of 2011, in line with the Zacks Consensus Estimate, but 17.4% higher than the 23 cents per share reported in the prior-year quarter. […]

Linear Technology ( LLTC ) reported strong fourth quarter earnings of 68 cents, beating the Zacks Consensus by 12 cents, or 21.4%. Earnings were up 11.6% sequentially and 15.4% year over year. Revenue Linear reported revenue of $358.6 million, up 1.5% sequentially, down 2.1% year over year and missing management’s guidance range of a 6-10% sequential increase. […]

Raytheon Company ( RTN ) reported second-quarter 2011 operating earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.16. Results also were higher than the year-ago quarterly earnings of $1.34 per share. On a reported basis the company clocked earnings of $1.23 versus 55 cents in the year-ago quarter. […]

The Medicines Company ( MDCO ) reported second-quarter earnings of 18 cents per share, including the impact of stock-based compensation expense. Second-quarter earnings were well below the year-ago earnings of 31 cents. The Zacks Consensus Estimate for the second quarter of 2011 was 20 cents. […]

Independent energy exploration and production company Cabot Oil and Gas ( COG ) has reported second quarter earnings per share (excluding special items) of 41 cents, breezing past the Zacks Consensus Estimate of 28 cents and prior-year results of 19 cents. During the quarter, Cabot generated revenue of $240.7 million, which lagged our expectation of $247.0 million. On a year-over-year basis, sales improved 20.2% from $200.2 million, fueled by higher output. […]

Latin American wireless operator NII Holdings Inc. ( NIHD ) declared mixed financial results for the second quarter of 2011. However, management raised its fiscal 2011 financial outlook buoyed by its upcoming 3G wireless network launch in Mexico, Brazil and Chile. […]

Juniper Networks Inc . ( JNPR ) posted adjusted earnings per share (EPS) of 22 cents in the second quarter of 2011, missing the Zacks Consensus Estimate of 27 cents a share. Revenues Juniper Networks’ revenues rose 15.0% year over year to $1.12 billion in the second quarter […]

Murphy Oil Corporation ( MUR ) announced second-quarter 2011 operating earnings of $1.60 per share compared with $1.41 per share in the year-ago quarter. The results of the company were 6 cents short of the Zacks Consensus Estimate. […]

Avalonbay Communities Inc. ( AVB ), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 second quarter funds from operations (FFO) of $99.9 million or $1.13 per share, compared with $87.8 million or $1.04 in the year-earlier quarter. Funds 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. […]

CNO Financial Group Inc. ( CNO ) announced its second-quarter 2011 net operating income of $57.5 million or 20 cents per share, a couple of pennies ahead of the Zacks Consensus Estimate of 18 cents per share. This also compares favorably with income of $44.9 million or 16 cents per share in the year-ago quarter […]

Leading dental products maker DENTSPLY International ( XRAY ) posted second-quarter fiscal 2011 adjusted (excluding one-time items such as acquisitions and tax related adjustments) earnings per share of 55 cents, topping the Zacks Consensus Estimate of 51 cents and surpassing the year-ago adjusted earnings of 50 cents. Profit (attributable to the company), as reported, rose 2.6% year over year to $74.2 million (or 52 cents a share), helped by internal growth, favorable foreign exchange swings and lower tax. […]

Owens-Illinois, Inc. ( OI ) reported net earnings of $71 million or 42 cents per share from continuing operations in the second quarter of 2011, deteriorating significantly from $132 million or 79 cents per share in the year-ago quarter. Reported earnings included charges of $24 million or 15 cents per share associated with note purchase premiums and write-offs for finance fees and another $3 million or 2 cents per share for restructuring and asset impairment, while the prior-year quarter earnings included only restructuring and asset impairment charges of $8 million or 5 cents per share. […]

Rockwell Automation Inc. ( ROK ) reported fiscal 2011 third quarter results, registering an EPS of $1.22 versus 83 cents in the year-ago quarter, striding ahead of the Zacks Consensus Estimate of $1.19. […]

Legg Mason Inc. ’s ( LM ) fiscal first-quarter 2012 earnings of 73 cents per share significantly outpaced the Zacks Consensus Estimate of 39 cents. Reported quarter results included 6 cents per share in transition-related costs and 5 cents per share of expenses related to closed-end fund launch. […]

Today, John Williams, the President of the San Francisco Fed gave a very interesting speech . Here are some of his key points. […]