Month: August 2011

Flexible plastics packaging powerhouse Bemis Company Inc. ( BMS ) acquired Mayor Packaging, a privately-owned converter of consumer and specialty flexible packaging. Financial terms of the transaction were not disclosed. […]

Viacom Inc. ( VIA.B ) is slated to release its third quarter 2011 results on Friday, August 5, 2011, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at 84 cents per share, representing an annualized growth of 23.82%. […]

Following the release of encouraging second quarter 2011 results, majority of the analysts covering Johnson & Johnson ( JNJ ) revised their earnings estimates upwards for 2011. Most analysts have revised their earnings estimates upwards for 2012 as well. […]

PG&E Corporation ’s ( PCG ) operating earning per share of $1.02 in the second quarter of 2011 fell short by a penny versus both the Zacks Consensus Estimate of $1.03. However results comfortably surpassed the year-ago number of 91 cents. The company during the reported quarter received the approval of the California Public Utilities Commission (CPUC) for its fiscal 2011 General Rate Case (GRC) and its Gas Transmission and Storage (GT&S) rate case. […]

Independent refiner Tesoro Corporation ( TSO ) came out with impressive second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance. Earnings per share (excluding special items) came in at $1.65, comfortably surpassing the Zacks Consensus estimate of $1.34 and way above the year-ago adjusted profit of 30 cents. The San Antonio, Texas-based firm reported revenue of $7,963.0 million for the three-month period […]

Energy utility TECO Energy Inc. ( TE ) announced its second-quarter 2011 operating earnings of 36 cents per share, at par with the Zacks Consensus Estimate and a penny above the year-ago figure. […]

Rio Tinto plc . ( RIO ) has reported financial results for the first half of 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $7,587 million, up 30% year over year from $5,845 million reported in the first half of 2010 […]

Caterpillar Inc. ( CAT ) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. […]

The long-term Issuer Default Ratings (IDR) of BOK Financial Corp. ( BOKF ) and its lead bank subsidiary, BOKF, NA was affirmed by Fitch Ratings at 'A-'. However, the rating outlook has been revised to Positive from Stable. […]

Zumiez Inc. ( ZUMZ ), an action sports retailer in the United States, reported comparable store sales for the four-week period ended July 30, 2011. Total net sales for the period increased by a sharp 12.3% to $38.7 million from $34.4 million reported in the four-week period ended July 31, 2010. […]

Offshore drilling giant Transocean Ltd. ( RIG ) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss related to impairment of three standard jackups, came in at 65 cents. […]