Month: October 2011

Recently, Cyberonics, Inc. ( CYBX ) submitted an application to the US Food and Drug Administration (FDA) and its European notified body, DEKRA Certification, B.V. for redesigning its AspireHC generator, whose shipments were discontinued by the company earlier […]

We retain our Neutral recommendation on Noble Energy Inc. ( NBL ), as we expect the stock to continue performing in line with the broader market. Noble Energy's third quarter top-line and bottom line results continued to impress driven by better price realizations from hydrocarbons sales. […]

Onshore contract driller Patterson-UTI Energy Inc. ( PTEN ) has reported mixed third quarter 2011 results. […]

Eni SpA ’s ( E ) adjusted third quarter 2011 earnings per ADR of $1.41 (€0.50 per share) were well above the Zacks Consensus Estimate of $1.16. The quarter’s earnings were up 18.5% from $1.19 per ADR (€0.46 per share) earned in the year-earlier quarter. Total revenue jumped 15% to €26.11 billion ($36.96 billion) in the quarter from the year-ago revenue of €22.70 billion ($29.28 billion) […]

Nexen Inc. ’s ( NXY ) third-quarter 2011 income from continuing operations of 33 US cents per share (32 Canadian cents) beat the Zacks Consensus Estimate by a penny and improved significantly from a loss of 10 US cents in the year-earlier quarter. The outperformance was mainly attributable to higher price realization, which more than offset the lower production level. […]

Green Mountain Coffee Roasters Inc. ( GMCR ) has decided to pump in $180 million in Wight County, southeastern Virginia for a production and distribution center that has the potential to create as many as 800 jobs over the next five years. The facility will come up on a 330,000-square-foot building spanning across 64 acres, to house coffee roasting, grinding, flavoring and packing of Green Mountain's specialty coffee business unit. […]

On October 26, 2011, American Electric Power Company Inc. ( AEP ), a public utility holding company, posted mixed third-quarter 2011 results. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation for the stock […]