Month: July 2011

Clorox Corporation ( CLX ) once again rejected the latest offer of a conditional acquisition from activist investor Icahn Enterprises L.P. Icahn offered $80.00 per share for Clorox, lifting its bid price from the initial offer of $76.50, subject to due diligence, financing and other conditions. After evaluating and discussing the proposal, Clorox’s financial and legal advisers came to the conclusion that the offer still undervalues the company […]

PNC Financial Services Group Inc. ( PNC ) is on an acquisition spree. The company has signed a definitive agreement to purchase 27 branches from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. […]

NextEra Energy Inc. ( NEE ) announced second-quarter 2011 operating earnings of $1.18 per share, sweeping past the Zacks Consensus Estimate of $1.09 by 9 cents. The quarterly results of the company also rose above the year-ago quarter earnings of $1.11 per share. […]

Kinetic Concepts Inc. ( KCI ) reported second quarter 2011 EPS of $1.09, up 45% from 75 cents posted in the year-ago quarter. […]

Total System Services Inc. ( TSS ) reported second-quarter operating earnings of 28 cents per share came in a penny higher than the Zacks Consensus Estimate of 27 cents and climbed from 25 cents per share in the year-ago quarter. Excluding termination fees in 2010, earnings per share surged 25.4%, while net income increased 10.8% to $53.7 million from $49.7 million in the prior-year period […]

Ian Gilson, CFA S&W Seed: Upgrading recommendation: The acquisition of the company's distributer (Genetics International), responsible for nearly half of the company's annual revenue, improves S&W Seed's outlook, adds to operating profit, and builds brand awareness overseas. Consequently we have upgraded our recommendation from Neutral to Outperform. The First Order: S&W Seed ( SANW ) has received its first order under the new relationship with Richard Penner Consulting, the prior owner of its distribution channel in the Middle East, for alfalfa seed to be shipped to Kuwait. […]

Electric utility firm Southern Co. ( SO ) reported second quarter 2011 earnings per share of 71 cents, ahead of the Zacks Consensus Estimate of 64 cents and the year-ago period profit of 62 cents. […]

International Game Technology ( IGT ) reported third quarter 2011 earnings of 26 cents per share, outpacing the Zacks Consensus Estimate by 4 cents, 23.8% higher than the earnings in the year-ago quarter. The strong results were driven by higher revenue growth and lower operating costs in the quarter. […]

Qiagen ( QGEN ) reported adjusted EPS of 23 cents (treating share-based compensation as a normal expense) in the second quarter of fiscal 2011, in line with the Zacks Consensus Estimate but surpassing the prior-year quarter earnings by a penny (at constant exchange rates or CER). Net sales during the quarter were $282.2 million, beating both the Zacks Consensus Estimate of $280 million and the year-ago quarter level of $262.7 million. […]

Illumina ( ILMN ) reported an EPS of 22 cents in the second quarter of 2011, surpassing the year-ago period EPS by a penny. However, after adjusting for certain one-time items, the EPS was 38 cents, beating the Zacks Consensus Estimate of 36 cents and 11.8% higher than the second quarter of 2010. […]