Month: August 2011

Last Friday, U.S. regulators shuttered Olathe, Kansas-based First National Bank of Olathe, taking the number of failed banks thus far in 2011 to 64. […]

ConocoPhillips ( COP ) plans to continue operations in its Kenai liquefied natural gas (LNG) plant in Alaska until October. The company has changed its long-standing plan to shut the plant in order to fulfill additional orders. […]

Recently, we reiterated our Neutral recommendation on Zimmer Holdings ( ZMH ) with a target price of $54.00. Zimmer reported an adjusted EPS of $1.21 during the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of $1.19 and $1.09 in the corresponding quarter of fiscal 2010. The company reported revenues of $1,137 million during the quarter, 7.5% higher than the year-ago period (2.1% at constant exchange rates, CER) and beating the Zacks Consensus Estimate of $1,129 million […]

Highwoods Properties Inc ( HIW ) reported second quarter 2011 FFO (fund from operations) of $45.8 million or 60 cents per share compared with $48.7 million or 64 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Reported FFO also missed the Zacks Consensus Estimate by two cents. […]

Grant Zeng, CFA Bohai Closes A Very Lucrative Deal On August 10, 2011, Bohai Pharmaceuticals Group, Inc. ( BOPH ) consummated a significant acquisition of a complementary Traditional Chinese Medicine (TCM) company in China, Yantai Tianzheng Pharmaceutical Co., Ltd. Like Bohai, Yantai Tianzheng manufactures and distributes modernized herbal medicines based on TCM in China. […]

American Oriental Bioengineering’ s ( AOB ) second quarter 2011 earnings per share came in at $0.05, lower than the Zacks Consensus Estimate and the year-ago earnings by $0.02 each. Earnings in the second quarter of 2011 were hurt by lower revenues. American Oriental, based in Beijing, China, together with its wholly-owned subsidiaries, is a pharmaceutical company which develops, manufactures and commercializes both plant-based pharmaceutical and plant-based nutraceutical products […]

United Parcel Services ( UPS ), the world's largest package delivery company, generated record second quarter 2011 earnings per share, announced on July 26, and expects fiscal 2011 to be a record year in terms of profits. Second Quarter Review Adjusted earnings of $1.05 beat the Zacks Consensus Estimate by a penny and were 21 cents above the year-ago earnings. […]

El Paso Corporation ( EP ) said it continues to smoothly move ahead with its plans to split into two publicly traded companies, spinning off its E&P business before year-end 2011. The company notified that it has taken some important steps related to the spin-off, including filing its initial Form 10 with the U.S. […]