Los Angeles-based leading shipbuilder and defense contractor, Northrop Grumman Corporation ( NOC ) reported second quarter 2011 adjusted earnings of $1.81 per share compared with $1.46 per share in the second quarter 2010. The results reflect the spin-off of Huntington Ingalls Industries, Inc. ( HII ), the company’s former shipbuilding business. […]
How did we get to the point where it is automatically assumed that any increase in taxes will slow the economy, but that there is no limit to the amount of spending cuts you can make without harm to the economy? There is there is absolutely not justification for that in macroeconomic theory. Both spending cuts and tax increases are a form of fiscal contraction and should serve to slow the economy. […]
Global land drilling contractor Nabors Industries Ltd. ( NBR ) reported lackluster second quarter 2011 results, hurt by slow international activities along with weather-related difficulties and operational hindrances. Earnings per share from continuous operations (excluding special items) came in at 23 cents, lagging Zacks Consensus Estimate of 25 cents […]
[marketwatch 40049AED-058D-445C-8333-9860A04416B9] digits: EA’s Get Earnings Boost from Holiday Sales […]
Las Vegas Sands Corp. ( LVS ) recorded adjusted earnings of 54 cents per share in the second quarter of 2011, beating the Zacks Consensus Estimate of 44 cents as well as the year-ago quarter earnings of 17 cents. […]
Contract drilling company Noble Corporation ( NE ) has reported second quarter 2011 earnings of 17 cents per share (excluding one-time items), failing to meet the Zacks Consensus Estimate of 27 cents and falling steeply from the adjusted year-earlier profit of 93 cents. Disruption of services at five rigs during the quarter was the chief reason for this underperformance. Total revenue in the quarter plunged more than 11% to $628 million from $709.9 million in the comparable quarter last year. […]
Defense and aerospace operator General Dynamics Corporation ( GD ) reported mixed numbers in the second quarter of 2011. In the reported quarter performance of the company was affected by receding revenues across business segments. This was partially salvaged by lower costs. […]
C.H. Robinson Worldwide Inc. ( CHRW ) has reported second quarter 2011 earnings per share of 67 cents, which fell short of the Zacks Consensus Estimate by 2 cents […]
NASDAQ OMX Group Inc. ’s ( NDAQ ) second quarter operating earnings per share of 62 cents came in a couple higher than the Zacks Consensus Estimate of 60 cents but modestly ahead of 52 cents in the prior-year quarter. […]
/C O R R E C T I O N — Tray/ PR Newswire SAO PAULO, July 27, 2011 In the news release, Tray e-commerce Platform Acquires SuperPay, an Electronic Payments Company, issued 27-Jul-2011 by Tray over PR Newswire, we are advised by the company that the name of Regis Freitas in the third paragraph, first sentence, should read “Regis Freitas” rather than “Regis Davis” as incorrectly transmitted by PR Newswire. The complete, corrected release follows: Tray e-commerce Platform Acquires SuperPay, an Electronic Payments Company Transaction is the first strategic move towards assembling a full e- commerce operation in Brazil SAO PAULO , July 27, 2011 /PRNewswire/ — Tray ( www.tray.com.br ), the largest e-commerce platform in Brazil serving an average of more than 4,500 stores, announces the acquisition of “payment gateway” SuperPay ( www.superpay.com.br ). In addition to the transaction, Tray reports that US$ 2 million will be invested initially for the development of new tools, integration interfaces, security, connectivity and marketing. […]
Saint-Gobain Expands its Plasterboard Business in Turkey PR Newswire PARIS, July 27, 2011 PARIS , July 27, 2011 /PRNewswire/ — Saint-Gobain, through its Gypsum Activity, today completed the acquisition of Doganer, a Turkish manufacturer of plaster and plasterboard. The company is located 50 km southeast of Ankara , where it operates a plant with an annual production capacity of 500,000 tonnes of plaster and 12 million square meters of plasterboard. […]
Video game developer and publisher Electronic Arts ( ERTS ), better known as EA, reported first quarter 2012 results, which was worse than the Zacks Consensus Estimate of a loss of 45 cents per share. EA’s non-GAAP loss (excluding one-time items but including stock-based compensation) of 49 cents per share was much wider than 38 cents per share reported in the prior-year quarter. This was, however, in line with the high end of management’s guided range of a loss of 49 cents to 44 cents. […]
[cnbc 3000035486] Discussing what Washington needs to do to improve the tax code, with Larry Merlo, CVS CEO. […]
Thermo Fisher Scientific ( TMO ) reported an adjusted EPS of 99 cents in the second quarter of fiscal 2011, a penny above the Zacks Consensus Estimate and 22% higher than earnings of 81 cents in the second quarter of 2010. Revenues increased 12% year over year to reach $2.90 billion during the quarter, marginally beating the Zacks Consensus Estimate of $2.81 billion. The company has completed the acquisition of Dionex to strengthen its position in chromatography offering while the proposed Phadia deal is expected to complete in the third quarter. […]
Moody’s Corp. ( MCO ) reported strong second quarter 2011 earnings, beating the Zacks Consensus Estimate of 57 cents by 22 cents (up 38.6%). […]
Delphi Financial Group’s ( DFG ) second quarter 2011 core operating income of 86 cents per share missed the Zacks consensus Estimate by 5 cents but compared favorably with 79 cents reported in the prior-year quarter. The earnings miss was driven by lower operating income at Delphi’s Asset Accumulation segment, partly offset by higher operating income at its Group Employee Benefit segment. […]
[cnbc 3000035485] The Fast Money traders weigh in on what the tech company needs to do to impress investors, and a trade on stocks set to pop and drop. […]
[youtube isnYiYUEpSs] John Thomas, also known as “The Mad Hedge Fund Trader”, was kind enough to provide Kitco News with his forecast for the platinum group metals. The Mad Trader also gives us his take on the rhodium market, explaining how the introduction of rhodium ETF’s may bring much needed liquidity to an otherwise illiquid market. […]
CIT Group Inc. ’s ( CIT ) second quarter 2011 loss came in at 24 cents per share, beating the Zacks Consensus Estimate of a loss of 26 cents. […]
The Boeing Company ( BA ), riding on higher delivery of commercial airplanes and stable all round core performance, reported strong numbers for the second quarter of 2011. In the reported quarter, the company posted quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of 97 cents a share as well as the year-ago earnings of $1.06. The robust performance was albeit partially affected by higher pension expense […]
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