Month: August 2011

Stock Analysts

Cooper Tire Reports Mixed 2Q (CTB)

August 5, 2011 0

Cooper Tire & Rubber Company ( CTB ) delivered a net income of 18 cents per share from continuing operations in the second quarter of 2011, down significantly from 30 cents per share reported in the year-ago quarter. Reported net income was also substantially lower than the Zacks Consensus Estimate of 46 cents per share. […]

Stock Analysts

DexCom Meets, Cuts Losses (ABT) (DXCM) (JNJ) (MDT)

August 5, 2011 0

DexCom ( DXCM ), a prominent player in the glucose monitoring market, reported second-quarter fiscal 2011 loss per share of 11 cents, matching the Zacks Consensus Estimate, but lower than the year-ago loss o f 20 cents. Net loss for the quarter trimmed roughly 37% year over year to $7.4 million owing to solid revenue growth. Revenues Revenues skyrocketed 82% year over year to $21.4 million, mostly in line with the Zacks Consensus Estimate. […]

Stock Analysts

Regal Beloit 2Q Beats Estimate (AOS) (RBC)

August 5, 2011 0

Regal Beloit Corporation ( RBC ) posted its earnings per share (excluding the incremental warranty accrual) of $1.32 in the second quarter of fiscal 2011 compared with $10.7 per share in the year-earlier quarter, ahead of management’s guidance range of $1.22 – $1.28 and the Zacks Consensus Estimates of $1.25. Including the impact of incremental warranty accrual, the company’s earnings per share were 88 cents. Revenues The company generated net sales of $681.8 million, up 16.7% from the year-earlier quarter; missed the Zacks Consensus Estimate of $715 million […]

Economic Data

August 5: Reassuring Jobs Report – Economic Highlights

August 5, 2011 0

Today’s better than expected jobs report is reassuring enough to help reverse the extreme negative sentiment that was behind the sharp market sell off on Thursday. What does it reassure us of? It shows that we are not heading in the direction of another recession. On the other hand, it is further confirmation that the U.S […]

Stock Analysts

Reassuring Jobs Report (QQQ) (SPX) (TBT) (TLT)

August 5, 2011 0

Today’s better-than-expected jobs report is reassuring enough to help reverse the extreme negative sentiment that was behind the sharp market sell off on Thursday. What does it reassure us of? It shows that we are not heading in the direction of another recession. On the other hand, it is further confirmation that the U.S. […]

Mergers & Acquisitions

Insurance Execs See Pricing Pressures, Regulatory Reform Driving M&A Activities: KPMG Survey

August 5, 2011 0

Insurance Execs See Pricing Pressures, Regulatory Reform Driving M&A Activities: KPMG Survey Industry Leaders Expect Modestly Improved Economy, Revenue, and Employment; Full Economic Recovery Still Years Away PR Newswire NEW YORK, Aug. 5, 2011 NEW YORK , Aug. 5, 2011 /PRNewswire/ — Insurance executives are more intently considering merger and acquisition (M&A) strategies to confront growth challenges generated by pricing pressures and regulatory reform, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm […]

Economic Data

Reassuring Jobs Report – Ahead of Wall Street

August 5, 2011 0

Friday, August 5, 2011 Today’s better than expected jobs report is reassuring enough to help reverse the extreme negative sentiment that was behind the sharp market sell off on Thursday. What does it reassure us of? It shows that we are not heading in the direction of another recession. On the other hand, it is further confirmation that the U.S. […]