Month: August 2011

Tessera Technologies ( TSRA ) reported second quarter earnings that beat the Zacks Consensus estimate by 6 cents, or 26.1%, despite the fact that revenue came in well below the guided range. This also prompted management to defer the announcement of guidance to the second month of each quarter for future quarters. Revenue Tessera’s reported revenue of $70.7 million was up 4.4% sequentially and down 5.2% year over year, missing management’s expectations of $75.5-78.5 million (up 11-16% sequentially) […]

Information technology (IT) management software company, CA Inc . ( CA ) recently announced that it has entered into a definitive agreement to acquire privately held Watchmouse B.V., an innovator in SaaS-based monitoring for cloud, mobile and traditional Web applications. With this acquisition, the company expects to utilize the solutions provided by WatchMouse by exploiting the globally-distributed infrastructure of more than 60 monitoring stations in more than 40 countries […]

PartnerRe Ltd. ’s ( PRE ) second quarter operating earnings per share of 98 cents came in significantly higher than the Zacks Consensus Estimate of 68 cents but lagged behind $1.80 recorded in the year-ago quarter. As a result, operating loss substantially plunged to $67.2 million from $141.8 million in the prior-year quarter. […]

HCP, Inc. ( HCP ) reported second quarter 2011 FFO (funds from operations) of $317.9 million or 78 cents per share compared with $161.8 million or 55 cents per share in the year-earlier quarter. […]

Expeditors International of Washington Inc. ( EXPD ), a third-party logistics provider, has reported second quarter 2011 adjusted earnings of 44 cents per share, missing the Zacks Consensus Estimate of 46 cents. Earnings per share increased 5% from 42 cents in the year-ago quarter […]

MEMC Electronic Materials Inc. ( WFR ) is scheduled to announce its second quarter fiscal 2011 results on August 3, 2011, and we notice some downward movements in analyst estimates. […]

American Axle and Manufacturing Inc. ( AXL ) posted an increase in profit to $49.2 million or 65 cents per share in the second quarter of 2011 from $25.4 million or 34 cents per share in the same quarter of 2010, driven by increased production volumes across its major product programs and continuous improvements in capacity utilization. With this, the auto parts maker has surpassed the Zacks Consensus Estimate by a significant margin of 21 per share. […]

Molson Coors Brewing Co. ( TAP ) reported its adjusted earnings of $1.23 per share in the second-quarter 2011, lagging the Zacks Consensus Estimate of $1.30 per share. […]

Before the bell, Entergy Corporation ( ETR ) reported its second quarter 2011 operating EPS of $1.76, which is in line with the Zacks Consensus Estimate. Earnings however, comfortably beat the year-ago quarterly EPS of $1.71. […]

Considering Invesco Ltd. 's ( IVZ ) earnings stability and improving debt situation, Fitch Ratings has raised the company’s debt rating by a notch on Monday. The rating agency expects Invesco’s strong cash-generation ability to reduce its debt further […]

Diversified utility NiSource Inc. ( NI ) posted second quarter 2011 net operating earnings of 17 cents per share, surpassing the Zacks Consensus Estimate of 14 cents as well as the year-ago results of 13 cents. […]

Duke Energy Corporation ( DUK ) announced its second-quarter 2011 operating earnings of 33 cents per share, beating the Zacks Consensus Estimate by 3 cents. However, the results were marginally lower than the year-ago earnings of 34 cents per share. GAAP and adjusted EPS were the same for the quarter compared with a GAAP loss per share of 17 cents in the prior-year period. […]

Rowan Companies Inc. ( RDC ) recorded adjusted second-quarter 2011 earnings of 38 cents per share, breezing past the Zacks Consensus Estimate of 33 cents but showing a deterioration from the year-earlier profit of 75 cents. […]

We retain our Neutral recommendation on leading dental products maker DENTSPLY International ( XRAY ) following our assessment of its second-quarter fiscal 2011 results. Adjusted earnings of 55 cents a share for the quarter topped the Zacks Consensus Estimate of 51 cents. Profit was boosted by internal growth and foreign exchange tailwind. […]

Leading healthcare information technology (“HCIT”) solutions provider Cerner Corp ( CERN ) reported second quarter fiscal 2011 earnings per share of 42 cents, beating the Zacks Consensus Estimate of 41 cents, and exceeding the year-ago earnings of 33 cents per share. Net income jumped 29.9% year over year to $72 million due to buoyant bookings. Revenues Sales for the second quarter increased 15% year over year to $524.2 million, and easily beat the Zacks Consensus Estimate of $516 million. […]

Geron Corporation ( GERN ) posted a net loss of 17 cents per share in the second quarter of 2011, in line with the Zacks Consensus Estimate and narrower than the year-ago loss of 18 cents. Second quarter revenues of $462,000 were below the Zacks Consensus Estimate of $1 million and the year-ago revenues of $1 million. Quarter in Detail Revenues consisted of $150,000 in revenues from collaborative agreements and $312,000 in the form of royalties and license fees. […]