Month: August 2011

One of the leading low cost carriers, Southwest Airlines Co. ’s ( LUV ) board of directors has announced a share repurchase authorization of $500 million. […]

CEC Entertainment Inc. ( CEC ) has recently reported second quarter 2011 earnings of 34 cents per share, which surpassed the Zacks Consensus Estimate by 2 cents. […]

Berkshire Hathaway Inc. ( BRK.A ) ( BRK.B ) reported its second quarter 2011 operating earnings of $1.80 per share, which marks a 12% year-over-year drop. The deterioration was caused by a decline in operating earnings from its insurance businesses that suffered due to high catastrophe claims. […]

To return more value to its shareho lders, the board of directors of Dover Corporation ( DOV ) authorized an increase of 14.5% in its quarterly dividend. The increased dividend of 31.5 cents per share is expected to be paid on September 15 to shareholders of record as on August 31. The company hiked the dividend from 27.5 cents a share paid on June 15, 2011. […]

Ian Gilson, CFA AMERCO First Quarter Results There is no fundamental reason for the recent decline except for the weakness in the overall market. The company does not need to access the debt market over the near term. They have always balanced interest rates with lease rates to obtain the best financing costs. […]

Smith & Nephew ( SNN ) reported an adjusted EPS of 18.1 cents (EPADS of 91 cents) during the second quarter of fiscal 2011, higher than the year-ago quarter’s 17.1 cents (EPADS of 8 cents). However, the earnings missed the Zacks Consensus Estimate (ADS) of 94 cents. The company reported revenues of $1,077 million in the quarter, up 5% (underlying, after considering currency translation) from the year-ago period and higher than the Zacks Consensus Estimate of $1,044 million. […]

AK Steel Holding Corporation ( AKS ) added a surcharge of $460 per ton for a broad range of electrical steel products that it produces. This surcharge will be reflected in the invoices of electrical steel products to be shipped in September 2011. The surcharge is calculated on the basis of reported prices for raw materials and energy used to manufacture products coupled with the July 2011 purchase cost. […]

Dril-Quip Inc. ( DRQ ) has reported second-quarter 2011 earnings of 55 cents per share, missing the Zacks Consensus Estimate of 58 cents and deteriorating 21.4% from the year-ago profit level of 70 cents. The underperformance was mainly due to the decrease in sales of offshore rig equipment. […]

Quicksilver Resources Inc. ( KWK ) reported second quarter 2011 adjusted earnings per share (EPS) of 7 cents, substantially lower than the year-ago figure of 18 cents. Earnings during the quarter however beat the Zacks Consensus Estimate by a penny […]