Month: November 2011

General Motors Company ( GM ) posted an 11% decline in profit to $1.74 billion in the third quarter of the year from $1.96 billion in the same quarter of 2011. Nevertheless, on a per share basis, the profit of $1.03 was higher than the Zacks Consensus Estimate of 99 cents. It compared with $1.20 in the third quarter of 2010. […]

Hewlett-Packard Company ’s ( HPQ ) Converged Infrastructure suite was recently deployed by the International Fund For Animal Welfare (IFAW) for the purpose of improving its data center infrastructure. Financial terms of the deal were not disclosed. The IFAW is currently one of the largest animal welfare and conservation charities in the world […]

Kinder Morgan Energy Partners, L.P. ( KMP ) announced plans to invest in the Battleground Oil Specialty Terminal Company, LLC or BOSTCO – a joint venture with TransMontaigne Partners L.P. […]

We reiterate our Neutral recommendation on medical technology company Conmed Corporation ( CNMD ) following its mixed third-quarter 2011 results. Its adjusted earnings of 33 cents beat the Zacks Consensus Estimate by a couple of cents. […]

The Andersons Inc. ( ANDE ) reported third quarter EPS of 59 cents, a substantial improvement over the 8 cents reported in the year-ago quarter and way ahead of the Zacks Consensus Estimate of 17 cents. The outperformance was led by the Grain & Ethanol and Plant Nutrient Groups. […]

Yesterday, American Express Company ( AXP ) (AmEx) announced the creation of a $100 million investment fund in order to expand the company’s presence in the digital commerce market. Accordingly, the company will acquire minority stakes in various start-ups and form partnerships with various companies, particularly those involved in mobile and online payment management, data analysis, loyalty and rewards, security and fraud detection, personalized offers, location-based and fees-based services. The investments and deals will be made over the next few years and will be managed from AmEx’s new office in Silicon Valley. […]

Amylin Pharmaceuticals, Inc. ( AMLN ) and Eli Lilly and Company ( LLY ) recently decided to terminate their long-standing partnership for the worldwide development and commercialization of exenatide. […]

Air traffic remained mixed in October, like the month before. Airline traffic is measured in billions of revenue passenger miles (RPM), which implies one mile flown by one passenger. The consolidated October traffic fell 5.1% at the largest U.S […]

Dean Foods Company ‘s ( DF ) adjusted earnings of 18 cents per share for the third quarter of fiscal 2011 was well above the earnings of 13 cents recorded in the year-ago quarter. The quarterly earnings also surpassed the Zacks Consensus Estimate of 15 cents a share. However, on a reported basis, including one-time items, the company registered a loss of $8.39 per share […]

Polo Ralph Lauren Corp. ‘s ( RL ) fiscal 2012 second-quarter earnings surged 17.7% to $2.46 per share from $2.09 in the year-ago period, primarily driven by strong growth in net revenues. Quarterly earnings also surpassed the Zacks Consensus Estimate of $2.24 per share. […]

Netflix Inc. ( NFLX ) recently signed a new multi-year licensing agreement with Hollywood studio Metro-Goldwyn-Mayer Studios Inc (MGM). […]