Month: August 2011

NCR Corp. ( NCR ) recently secured an ATM servicing deal with Agricultural Bank of China. Financial terms of the deal were not disclosed. […]

Brian Marckx, CFA Q2 Gross Sales, EPS Dead-On With Our Estimates Pernix Therapeutics ( PTX ) reported financial results for the second quarter on August 16th. While gross product sales came in almost dead-on with our estimate, net sales were well ahead as a result of relatively strong collaboration revenue and lower than expected Medicaid rebates. Despite the better net sales number, EPS of $0.07 was right where we had it modeled as a result of lower than estimated product margin and higher operating expenses. […]

Brazilian state-run energy giant Petroleo Brasileiro S.A. ( PBR ) , or Petrobras S.A., announced its second quarter earnings of R$10.9 billion or R$0.84 per share, compared with R$8.3 billion or R$0.95 per share in the year-earlier quarter. Per share profitability dropped after the company sold $70 billion of new stock in September last year […]

We are maintaining our Neutral stance on Alexion Pharmaceuticals ( ALXN ) with a target price of $55.00. Alexion Pharma delivered a strong performance in the second quarter of 2011. […]

Leading healthcare products maker Covidien plc ( COV ) recently announced that its Board has authorized a share buyback program allowing it to repurchase up to $2 billion of its ordinary shares. The buyback will be executed from time to time, based on market conditions. The move underscores the Ireland-based company’s commitment to deliver incremental returns to investors leveraging a solid free cash flow and strong earnings power […]

Arrow Electronics, Inc. ( ARW ) recently announced that it will launch a tender offer to acquire all of the common stock of Chip One Stop for ¥220,000 per share or $2,857 per share. Based in Japan, Chip One Stop supplies electronic components to design engineers. […]

Urban Outfitters Inc. ( URBN ), the retailer of apparel, footwear, and accessories, recently posted better-than-expected results for the second quarter ended July 31, 2011. […]

Life and health insurer Torchmark Corp. ( TMK ) has recently announced a quarterly dividend of 12 cents per share, which marks an increase of 9.0% from the previous dividend of 11 cents. Torchmark increased its dividend at an average rate of approximately 7.0% between 2001 and 2010 […]

Offshore-oil driller Transocean Ltd. ( RIG ) announced plans for an all-cash acquisition of Norway's Aker Drilling ASA for 7.93 billion kroner or $1.46 billion along with a net debt of $800 million. […]