Month: July 2011

Stock Analysts

Earnings Preview: Logitech (LOGI)

July 26, 2011 0

Logitech International ( LOGI ) is scheduled to announce its second quarter earnings before the opening bell on July 27, 2011. The current Zacks Consensus Estimates for the quarter is earnings of 2 cents a share. For the quarter under review, revenue is expected at $505 million, according to the Zacks Consensus Estimate. […]

Stock Analysts

Earnings Scorecard: Quest Diagnostics (DGX) (LH)

July 26, 2011 0

The announcement of Quest Diagnostics ’ ( DGX ) second quarter of fiscal 2011 results as on July 20, 2011, has coaxed analysts to revise estimates downwards. Second Quarter Highlights Quest Diagnostics reported adjusted EPS of $1.12 during the second quarter of fiscal 2011, a penny below the Zacks Consensus Estimate but higher than last year's $1.07. Adjusted EPS takes into account $0.10 per share of transaction and integration costs associated with the Athena Diagnostics and Celera transactions. […]

Stock Analysts

Simponi Label Expansion Nixed (JNJ) (MRK)

July 26, 2011 0

Johnson & Johnson ( JNJ ) recently received a complete response letter (CRL) from the US Food and Drug Administration (FDA) for its supplemental Biologics License Application (sBLA) for Simponi (golimumab). Johnson & Johnson was looking to expand Simponi’s label to include inhibiting the progression of structural damage, inducing major clinical response (MCR) and maintenance of reduction of signs and symptoms and maintenance of improved physical function in the treatment of moderately to severely active rheumatoid arthritis (RA). The company had filed the sBLA in Sep 2010. […]

Stock Analysts

Resilient Lockheed Beats Estimates (BA) (GD) (LMT)

July 26, 2011 0

Before markets opened today, Lockheed Martin Corporation ( LMT ) showing resilience reported strong second quarter fiscal 2011 earnings of $2.14, sailing past the Zacks Consensus Estimate of $1.94. Reported earnings were burdened with charges related to workforce reduction and pension adjustments. […]

Mergers & Acquisitions

/C O R R E C T I O N — Perrigo Company/

July 26, 2011 0

/C O R R E C T I O N — Perrigo Company/ PR Newswire ALLEGAN, Mich., July 26, 2011 In the news release, Perrigo Closes Acquisition of Paddock Labs, issued 26-Jul-2011 by Perrigo Company over PR Newswire, we are advised by the company that the fourth paragraph, second sentence, should read “The total revenues from marketed products represent less than 0.2% of the combined entities’ total FY11 revenues” rather than “less than 2%” as originally issued inadvertently. The complete, corrected release follows: Perrigo Closes Acquisition of Paddock Labs ALLEGAN, Mich. , July 26, 2011 /PRNewswire/ — Perrigo Company (Nasdaq: PRGO;TASE) today announced that it has closed the acquisition of Paddock Laboratories, Inc […]

Stock Analysts

Regions Posts Profit, Tops Estimate (BAC) (RF) (WU)

July 26, 2011 0

Regions Financial Corporation ’s ( RF ) second quarter 2011 earnings came in at 4 cents per share, topping the Zacks Consensus Estimate of a break-even. Quarterly results benefited from lower loan loss provisions and represented the company’s third consecutive quarterly profit after incurring losses since the second quarter of 2009. Adjusted earnings per share, excluding regulatory adjustments and significant items, came in at 4 cents per share for the reported quarter, compared with a loss of 3 cents in the prior quarter and 11 cents in the year-ago quarter […]

Stock Analysts

Amazon Surges Back in 2Q (AMZN)

July 26, 2011 0

Top online retailer Amazon.com ( AMZN ) posted 2nd quarter earnings results after the bell Tuesday. Amazon brought in earnings of 41 cents per share on revenues of $9.91 billion in the quarter. This beat expectations on both the top and bottom lines — the Zacks Consensus Estimates were for 37 cents per share on revenues of $9.37 billion. […]