Month: August 2011

SunPower Corporation ’s ( SPWRA ) second quarter 2011 adjusted loss per share came in at 32 cents beating the Zacks Consensus Estimate of a loss of 33 cents. However, earnings were below the year-ago earnings of 3 cents per share. On a reported basis the company posted a loss of $1.51 per share versus a loss of 7 cents in the year-ago quarter. […]

The world’s largest package delivery company, FedEx Corporation ( FDX ) has increased its freight rates by 6.75% on shipments covered under FXF 1000 and FXF 501 series base rates. The increased rates will be effective September 6, in the U.S., Canada and Mexico. […]

Yesterday I wrote a post on stocks with high and rising dividends, but the emphasis was mostly on high dividends. Today I want to change the parameters a bit to focus more on rising dividends. Some of the same companies show up on both lists. […]

We recently downgraded our rating on Miami-based Royal Caribbean Cruises Ltd. ( RCL ) from Neutral to Underperform. The second largest cruise company in the cruise vacation industry was downgraded on a host of factors including the cut in full-year earnings per share (EPS) guidance, lingering geopolitical risks in the eastern Mediterranean region, the strengthening of the U.S […]

Telephone and Data Systems ( TDS ) has reported second quarter earnings of 87 cents per share, strongly outpacing the Zacks Consensus Estimate of 34 cents. Results jumped 129% from 38 cents per share earned in the year-earlier quarter. The outstanding performance were driven by strong inbound roaming revenue and cost reduction initiatives. […]

Nelnet Inc. ( NNI ) reported second quarter 2011 earnings per share of $1.04, two cents ahead of the Zacks Consensus Estimate but down from $1.17 per share recorded in the prior-year quarter. Nelnet’s results reflected the benefits from the diversification of revenue through fee-based businesses […]

MBIA Inc. ( MBI ) reported second quarter 2011 net income of 68 cents per share, way behind $6.32 per share recorded in the prior-year quarter. The year-over-year deterioration was brought about by a massive decline in gain in insured credit derivatives […]

In the backdrop of European solar subsidy cuts ReneSola Ltd. ( SOL ) in the second quarter of 2011 clocked adjusted Earnings Per American Depositary Share (EPADS) of 5 cents per share, falling short of the Zacks Consensus Estimate of 15 cents and the year-ago quarterly earnings of 42 cents. Receding subsidies have affected demand and created an oversupply in the industry. […]

On Tuesday, Invesco Ltd. ( IVZ ) announced its monthly performance report for July 2011. As per the report, Invesco recorded preliminary assets under management (AUM) of $652.8 billion at the end of July, slipping 0.1% from $653.7 billion at the end of June 2011 […]

TransDigm Group Incorporated ( TDG ) reported third-quarter fiscal 2011 earnings per share from continuing operations of $1.01, above the Zacks Consensus Estimate by 1 cent and prior-year earnings of 83 cents. TransDigm’s income in the quarter was negatively affected by acquisition-related expenses of $4.3 million and higher interest expense related to the refinancing of the company's debt structure in the first quarter of fiscal 2011. […]