Month: August 2011

Luminex Corporation ( LMNX ), a developer of biological testing technologies, reported solid second-quarter fiscal 2011 results. Earnings of 11 cents a share easily beat the Zacks Consensus Estimate of 6 cents and transcended the year-ago earnings of 2 cents. […]

Mindray Medical International Limited ( MR ), a prominent Chinese medical devices company, reported second-quarter fiscal 2011 adjusted (excluding one-time expenses other than stock-based compensation expense) earnings per share of 42 cents, beating the Zacks Consensus Estimate of 38 cents. Reported net income climbed 6% year over year to $44.8 million (or 37 cents per share) in the second quarter. Revenues Sales jumped 21.2% year over year to $217.3 million, exceeding the Zacks Consensus Estimate of $210 million […]

Citigroup Inc. ( C ) has again hit the headlines again for a breach of security. Personal information of 92,408 of its credit card customers in Japan is said to have been stolen and illegally sold to a third party […]

McDonald's Corp. ( MCD ) has posted global comparable sales growth of 5.1% in July on the back of strong beverage sales as well as core menu offerings and promotional activities. However, the fast-food chain operator witnessed a relatively downward movement on a year-over-year basis across all regions but Europe. […]

NCR Corp. ( NCR ) recently extended its business ties with Johnny Rockets Group Inc. through a point-of-sale (POS) supply deal. […]

These may be the times that try men’s souls, but this is also the sort of time when long-term investors can snatch up great bargains. What do I mean by a great bargain? A good solid company selling at a low valuation. The reason you buy stocks is that they represent partial interest in a company […]

Tower Group Inc.’s ( TWGP ) second quarter 2011 operating income of 63 cents per share missed the Zacks Consensus Estimate by a penny but grew 24% year over year. Lower-than-expected results came on the back of huge catastrophe charge, partly mitigated by higher revenues and a lower share count due to share buyback. […]

Jason Napodano, CFA Upgrading Depomed To Outperform We are upgrading our rating on Depomed ( DEPO ) to ‘Outperform’ from ‘Neutral’ and maintaining our $10 price target. This has been our price target for the past year or more. The recent selloff in equities has created significant buying opportunities around many names in our coverage list […]

HSBC Holdings Plc ( HBC ) is reportedly engaged in talks on the possible sale of its credit card business in the U.S. However, according to the company, no concrete decision regarding the transaction has been taken yet. It was in June that HSBC’s CEO Mr. […]

Beacon Roofing Supply Inc. ( BECN ) reported a net income of 51 cents per share in the third quarter of fiscal 2011, comfortably surpassing the Zacks Consensus Estimate of 46 cents per share. Results were a remarkable improvement of 46% over the prior year quarter's earnings of 35 cents […]

Kraft Foods Inc. ( KFT ) posted second quarter 2011 operating EPS of $0.62 a share, ahead of the Zacks Consensus Estimate of $0.58. Management credited the benefits of increased investments in marketing and innovation, and focus on End-to-End Cost Management for strong results in the quarter […]