Month: August 2011

Windstream Corporation ( WIN ), a fixed-line voice and DSL Internet service provider, has reported second quarter adjusted earnings per share (EPS) of 19 cents, at par with the Zacks Consensus Estimate. Adjusted earnings excluded $3 million in merger and integration costs and $2 million in loss on extinguishment of debt, which had a negative impact of a penny. Including these costs, earnings per share rose 6% to 18 cents from 17 cents in the year-ago quarter. […]

We are upgrading our recommendation on Hudson City Bancorp Inc. ( HCBK ) to Neutral from Underperform. The revision follows a detailed analysis of the company’s fundamentals post second quarter results. […]

HOT Topic Inc. ( HOTT ) reported positive same-store sales of 7.3% for the month of July, striding ahead of the 0.4% rise in the preceding quarter and leaving behind the 9.0% fall in the year-earlier period. […]

Teradata Corp. ( TDC ) reported second quarter 2011 earnings of 57 cents per share, beating the Zacks Consensus Estimate by a nickel. […]

On Thursday, The Bank of New York Mellon Corporation ( BK ) announced to charge fee on cash deposits of institutional investors following the surge in deposit balance with the banks. Investors having accounts with average deposit of over $50 million in the bank would come under the purview of charges. […]

Medtronic ( MDT ) has decided to provide a grant to Yale University to conduct two fully independent third-party reviews for the safety and effectiveness of its recombinant bone morphogenic protein-2 (rhBMP-2). The company will provide Yale with all available patient-data from the clinical trials. Yale will take the help from a panel of experts and will set up two clinical research organizations to conduct analyses and ensure the findings are reproducible, and of the highest integrity. […]

Stone Energy Corp. ( SGY ) reported second-quarter 2011 earnings of $1.17 per share, outpacing the Zacks Consensus Estimate of 98 cents and improving from the year-earlier profit of 57 cents. […]

Basel, Switzerland based Novo Nordisk ( NVO ) reported earnings of $1.36 per American Depository Receipt (ADR), in the second quarter 2011, up 10 cents over the prior-year earnings of $1.26 per ADR. The annualized rise in earnings was driven by higher revenues. Earnings were however 7 cents below the Zacks Consensus Estimate of $1.43. […]

Costco Wholesale Corporation ( COST ) , one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended July 31, 2011. The company has been able to sustain its sales momentum […]

AES Corporation ( AES ) reported second quarter results with adjusted earnings per share (EPS) of 28 cents, 4 cents above the Zacks Consensus Estimate as well as the year-ago figure. Better performing existing operations coupled with income from new construction projects and acquisition in Northern Ireland aided the company to deliver strong numbers in the quarter under review. Including currency transaction gain of 1 cent, impairment loss of 4 cents and a debt retirement loss of 1 cent, net income came in at 24 cents per share, compared with 19 cents in the year-ago quarter. […]

Wyndham Worldwide Corporation ( WYN ) has recently acquired substantially all the assets of The Resort Company LLC (“TRC”), an established vacation rental and property management company plus owner of Steamboat Resorts. The financial terms of the deal were not disclosed. TRC is known for its rental offerings across 28 mountain destinations in Colorado […]

Meritor Inc. ( MTOR ) showed a profit of $25 million or 26 cents per share in the third quarter of its fiscal year ended June 30, 2011, falling behind the Zacks Consensus Estimate of 29 cents per share. […]

Par Pharmaceutical Companies Inc. ( PRX ) posted adjusted earnings of 84 cents per share during the second quarter of fiscal 2011, well above the Zacks Consensus Estimate of 76 cents per share, and the year-ago earnings of 71 cents per share. […]

Brian Marckx, CFA Major Hurdle Cleared With ISO Certification Verisante Technology ( VRSEF ) announced in late July that they obtained ISO 13485:2003 certification for manufacture of medical devices. As we have detailed in our coverage of Verisante, successfully gaining ISO certification was the most significant near-term milestone to gaining regulatory approval of Aura in Canada, Europe and Australia – the expected initial markets for their skin cancer detection device. With the ISO certification now in-hand, Verisante can begin to finalize the required deliverables to gain Health Canada approval – which could be filed with regulators in the coming weeks. […]