Month: August 2011

OfficeMax Inc. ( OMX ) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 7 cents a share outpaced the break-even estimate according to the Zacks Consensus, but dropped 41.7% from 12 cents earned in the year-ago quarter […]

The Institute for Supply Management’s Non-Manufacturing, or Service, survey fell in July to 52.7 from 53.3 in June. That is the lowest reading since January 2010. Like its venerable brother the Manufacturing survey, this is a “magic 50” index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction […]

Heathrow, Florida-based Ruth’s Hospitality Group Inc . ( RUTH ) reported second quarter 2011 adjusted earnings of 10 cents per share, missing the Zacks Consensus Estimate by a penny, but ahead of the prior-year quarter earnings of 8 cents per share. The year-over-year upside in earnings was driven by top-line growth. […]

Lincoln Electric Holdings Inc. ( LECO ) recently announced the acquisition of the welding operations of Maryland based Techalloy Company Inc. and of its parent company, Central Wire Industries Ltd […]

Companhia Siderurgica Nacional ( SID ) or CSN’s financial results for the second quarter 2011 were encouraging as both its top-line and bottom-line results showed healthy growth year over year and sequentially. Net income jumped 29% year over year and 85% sequentially to R$1,137 million (US$715.1 million), or R$0.77 per share (48 cents per ADR). Earnings results were above the Zacks Consensus Estimate of 40 cents per ADR. […]

Chicago-based Morton’s Restaurant Group, Inc . ( MRT ) recently posted second quarter 2011 adjusted earnings of 5 cents, beating the Zacks Consensus Estimate by a penny. […]