Month: September 2011

Accuray Incorporated ( ARAY ) has slip ped into a loss in fourth-quarter fiscal 2011 (ended June 30) as charges (of roughly $18.7 million) associated with its acquisition of Wisconsin-based radiation system maker TomoTherapy more than offset a healthy growth in its top- line. The California-based leading radiosurgery systems maker posted a net loss of $25 million or 40 cents a share in the quarter versus a net income of $5 million or 8 cents a year ago. How ever, the adjusted (excluding acquisition-related charges and other one-time items other than stock-based compensation expenses) loss was 20 cents a share in the fourth quarter, lower than the Zacks Consensus Estimate of a loss of 41 cents. […]

International orthopedic devices company Wright Medical Group ( WMGI ) recently reported that its Board of Directors chose Mr. Robert J. Palmisano as President and CEO, starting from September 17, 2011 […]

Xilinx, Inc. ( XLNX ) has revised its guidance for the September quarter. Xilinx now expects sales to be down 7–10% compared to the previous guidance of sales to be up 1% to down 3% sequentially […]

Carnival Corporation ( CCL ) reported third quarter 2011 adjusted earnings of $1.71 per share, breezing past the Zacks Consensus Estimate of $1.63 and showing an improvement from the year-ago quarter earnings of $1.62. Bottom line results exclude a charge of 2 cents related to the sale of Costa Marina. Earnings also exceeded management's guided range of $1.60–$1.64 per share […]

According to Bloomberg , The Goldman Sachs Group Inc. ( GS ) and Citigroup Inc. ( C ) are planning to market commercial mortgage-backed securities (CMBS) worth $1.7 billion, after the deal was scrapped in July. […]

Willis Group Holdings ( WSH ) continues to report higher commissions and fees. The expense-saving and efficiency-enhancing initiatives, large global presence, new business growth and solid client retention is also encouraging. However the soft insurance market and the stressed US economy will likely restrict any significant top-line growth […]

CarMax Inc. ( KMX ) announced that it would release its results for the second quarter of fiscal 2012 that ended on August 31, 2011 before the market opens on September 22, 2011. Richmond, VA-based CarMax earned a profit of 55 cents in the first quarter of fiscal 2012, beating the Zacks Consensus Estimates of 47 cents per share […]

Home Properties Inc. ( HME ), a multifamily real estate investment trust (REIT), has recently announced its decision to offer 5.25 million common shares to raise cash and increase liquidity. The company will also grant the underwriters an option to purchase an additional 0.8 million shares to cover any over-allotments […]

Giving itself a new face lift, Lowe’s Companies Inc. ( LOW ), the world’s second largest home improvement retailer, spelled out a new tag line “Never Stop Improving” replacing the old “Let’s Build Something Together”, thus mirroring the company’s new brand strategy. Lowe’s hinted that the new tag line reflects the company’s effort of improving and developing innovative ideas to cater to the constant changing demands and preferences of consumers […]