Stock Analysts

Affymetrix Cuts Losses in 2Q (AFFX) (ILMN)

Genetic products maker Affymetrix Inc ’s ( AFFX ) second-quarter fiscal 2011 loss per share of 5 cents was a shade above the Zacks Consensus Estimate of a loss of 4 ce nts, but below the year-ago loss per share of 8 cents. The California-based company’s losses trimmed 33% year over year to $3.7 million as lower costs more than offse t the decline in sales. […]

Stock Analysts

Eastman Reports Record Earnings (CE) (DD) (DOW) (EMN)

Eastman Chemical Company ( EMN ) reported second-quarter earnings of $2.76 per share, compared with $1.95 per share, a year earlier and beat the Zacks Consensus estimate of $2.60 per share. Including a $15 million gain in second quarter 2011 from the sale of previously impaired methanol assets in Beaumont, Texas, and $3 million of restructuring charges in second quarter 2010, earnings from continuing operations were $2.90 per diluted share in the reported quarter versus $1.92 per diluted share in the year ago quarter. Revenues With sales improving across all product lines, Revenues climbed 26% year over year to $1.9 billion, driven by higher sales volume and increased selling prices and outpaced the Zacks Consensus estimate of $1.8 billion. […]

Stock Analysts

Dejour files Master Development Plan for Gibson Gulch (DEJ)

Steven Ralston, CFA Dejour files Master Development Plan for Gibson Gulch Dejour ( DEJ ) filed a Master Development Plan with the Bureau of Land Management (BLM) for up to 68 wells from four new well pads on its Gibson Gulch properties in Colorado. The acreage is in close proximity to the producing properties (some within one mile) in the Kokopelli Field owned by Bill Barrett Corporation (BBG: NYSE ). Interestingly, Bill Barrett filed its second Master Development Plan (Gibson Gulch II) on July 10th for sites immediately adjacent to Dejour’s proposed well sites. […]

Stock Analysts

ZOLL Medical Outstrips Estimates (MDT) (PHG) (ZOLL)

Resuscitation devices maker ZOLL Medical ’s ( ZOLL ) third-quarter fiscal 2011 (ended July 3) earnings per share of 42 cents outpaced the Zacks Consensus Estimate of 35 cents and the year-ago earnings of 26 cents. Profit shot up 65% year over year to $9.5 million boosted by solid growth in sales. […]

Stock Analysts

Revenues Rise at Elan (ALKS) (BIIB) (ELN)

Elan Corporation ’s ( ELN ) loss per share of 2 cents (excluding special items) for the second quarter of 2011 was narrower than the Zacks Consensus Estimate loss of 3 cents. The company suffered an adjusted loss of approximately 38 cents in the year-ago quarter. The narrower loss was attributable to the higher revenues and lower expenses recorded in the quarter […]

Stock Analysts

GATX Performs Below Par (GMT) (JBHT)

GATX Corporation ( GMT ), a leader in leasing transportation assets, has reported second quarter 2011 adjusted earnings of 43 cents per share, which missed the Zacks Consensus Estimate of 46 cents. The results, however, showed an improvement from adjusted earnings of 39 cents in the year-ago quarter. […]

Stock Analysts

Hanger EPS in Line, Backs Outlook (CNMD) (EXAC) (HGR) (OFIX) (OMI)

Orthotic and prosthetic (O&P) company Hanger Orthopedic ’s ( HGR ) second-quarter fiscal 2011 adjusted earnings per share of 45 cents were in line with the Zacks Consensus Estimate while above the year-ago adjusted earnings of 37 cents. The adjusted earnings exclude the costs associated with the relocation of the company’s corporate headquarters. […]

Standard Pacific Homes Introduces New Cutting-Edge Architectural Concepts at July 30 Evans Ranch Grand Opening

Standard Pacific Homes Introduces New Cutting-Edge Architectural Concepts at July 30 Evans Ranch Grand Opening With five new home designs ranging in size from 1,711 to 2,887 square feet, floor plans focus on maximizing everyday living space PR Newswire GILBERT, Ariz., July 29, 2011 GILBERT, Ariz. , July 29, 2011 /PRNewswire/ — Situated in the highly desirable southeast valley, Evans Ranch introduces prospective homebuyers to Standard Pacific Homes’ (NYSE: SPF) newest architectural concepts through five brand new single-family home designs. […]

Mergers & Acquisitions

Lincoln Electric Acquires Torchmate

Lincoln Electric Acquires Torchmate New acquisition provides a strong base of plasma cutting systems and products PR Newswire CLEVELAND, July 29, 2011 CLEVELAND , July 29, 2011 /PRNewswire/ — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired substantially all of the assets of Applied Robotics, Inc., a leading manufacturer of CNC cutting tables and accessories in North America . […]

Mergers & Acquisitions

Lincoln Electric Acquires Techalloy

Lincoln Electric Acquires Techalloy Baltimore-based manufacturer of nickel alloy and stainless steel welding consumables PR Newswire CLEVELAND, July 29, 2011 CLEVELAND , July 29, 2011 /PRNewswire/ — Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired the welding operation assets of Techalloy Company, Inc. […]

Stock Analysts

Excel Maritime Reports In Line (DRYS) (DSX) (EXM) (GNK)

Yesterday after market close, Excel Maritime Carriers Ltd. ( EXM ), a global dry bulk carrier, declared financial results for the second quarter of 2011, which barely meets the Zacks Consensus Estimate. GAAP net loss in the second quarter of 2011 was $15.7 million or 19 cents per share compared with a net income of $79.2 million or 95 cents per share in the year-ago quarter […]

Stock Analysts

Cabela’s Beats on Bottom Line (CAB) (TGT) (WMT)

Cabela’s Inc . ( CAB ), one of the leading specialty retailers of hunting, fishing, camping, and related outdoor merchandise, recently posted solid second-quarter 2011 results. Strong performance at its retail stores, healthy growth at financial services division and elevated merchandise gross margin enabled the company to deliver quarterly earnings of 32 cents a share, up 14.3% from 28 cents delivered in the prior-year quarter. […]

Stock Analysts

KLA-Tencor Tops Consensus (AMAT) (INTC) (KLAC) (NVLS)

KLA-Tencor Corporation’s ( KLAC ) fourth quarter earnings beat the Zacks Consensus by 13 cents, or 9.6%. Revenue was also better than expected, beating the consensus by 2.3%. The 0.5% decline in share prices was the response to the guidance and would have been more significant if investors were not already expecting a correction. […]

Stock Analysts

Telesp Profits on Vivo Merger (TEF) (VIV)

Brazilian telecom carrier Telecomunicacoes de Sao Paulo SA ( VIV ), better known as Telesp, reported second quarter net income of R$1.1 billion ($0.69 million), up 30% year over year. Earnings per ADS came in at $1.02 in the reported quarter. […]