Month: July 2011

Merck & Co.'s ( MRK ) earnings per share (excluding special items) for the second quarter of 2011 came in at 95 cents, in line the Zacks Consensus Estimate but 10.5% above the year-ago earnings. Double-digit growth of key products and new product launches contributed to earnings growth. […]

U.S. energy giant Chevron Corp. ( CVX ) reported a jump in its second-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins […]

Amgen ( AMGN ) reported second quarter earnings per share of $1.35, 5 cents above the Zacks Consensus Estimate and 0.7% above the year-ago earnings. Total revenues increased 4% to $3,959 million in the second quarter of 2011. […]

Monster Worldwide ( MWW ) reported revenues of $270 million, up 25% year over year and up 3.5% sequentially. Currency translation had an $11 million positive impact on revenue in the first quarter. Bookings (represent the dollar value of contractual orders received, and are considered a key indicator of future revenues) increased 26% to $262 million year over year […]

Coal producer Arch Coal Inc. ( ACI ) reported net adjusted earnings of 44 cents per share for the second quarter 2011, much lower than the Zacks Consensus Estimate of 62 cents but a penny ahead of the year-ago earnings of 43 cents. […]

Everest Re Group Ltd. ( RE ) has reported second quarter 2011 operating profit of $2.46 per share, 2 cents ahead of the Zacks Consensus Estimate. Results, however, compares unfavorably with earnings of $3.18 per share incurred in the year-ago quarter. […]

MoneyGram International Inc. ( MGI ) reported a second quarter loss per share of $1.37, substantially lower than the Zacks Consensus Estimate of earnings of 2 cents and loss of 31 cents in the year-ago quarter. Results included stock-based compensation costs of $3.2 million, $7.9 million of restructuring and reorganization costs, $5.2 million in loss on debt extinguishment, $2.6 million in legal accruals, $1.8 million in asset impairment charges and $4.0 million in costs associated with the recapitalization […]

Deckers Outdoor Corporation ( DECK ), the maker of sheepskin boots and slippers, recently delivered a loss per share in the second-quarter 2011 results owing to costs associated with the transition to a wholesale business model from a distributor business model, opening of new stores and other investments. Despite higher costs, Deckers projects an improved outlook for fiscal 2011 driven by the acquisition of the Sanuk brand. The company has posted a quarterly loss per share of 19 cents, lower than the loss expectation of the Zacks Consensus Estimate of 24 cents. […]

Coventry Health Care Inc. ( CVH ) generated second-quarter 2011 operating earnings of $123.3 million or 83 cents per share, which exceeded the Zacks Consensus Estimate of 76 cents. The quarter’s results were, however, below operating earnings of $149.2 million or $1.01 per share in the prior-year quarter […]

Federated Investors Inc. ( FII ) reported second-quarter 2011 earnings per share of 41 cents, in line with the Zacks Consensus Estimate, and below the year-ago earnings of 46 cents. Moreover, the reported earnings were below 43 cents per share reported in the prior quarter. […]

Pipeline operator TC PipeLines L.P. ( TCLP ) announced weaker-than-expected second-quarter 2011 results, reflecting higher costs. The Calgary, Alberta-based master limited partnership (“MLP”) – with stakes in 5,560 miles of federally regulated U.S. […]

Lender Processing Services Inc. ( LPS ) reported second-quarter 2011 adjusted earnings per share of 56 cents, a penny ahead of the Zacks Consensus Estimate and at the high end of its own guidance range of 54 cents to 56 cents. However, the earnings per share declined from the year-ago level of 89 cents […]