Month: November 2011

Advanced Micro Devices Inc. ( AMD ) plans to eliminate 10% of its workforce or about 1,400 jobs in order to reduce operational costs. This layoff is an attempt by AMD to optimize its cost structure and thereby improve its competitiveness. […]

Aesthetic laser treatments provider Solta Medical ( SLTM ) has wrapped up its acquisition of all outstanding shares of Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation ( MRX ), under a deal worth roughly $35 million. The acquisition provides Solta with Medicis’ LIPOSONIX system, which uses advanced non-invasive ultrasound energy to reduce abdominal fat. LIPOSONIX is not a replacement for liposuction surgery but offers a non- surgical alternative to reduce waist circumference when diet and exercise are not enough […]

Sysco Corp. ( SYY ) delivered first-quarter 2012 earnings (excluding one-time items) of 55 cents per share, which exceeded the Zacks Consensus Estimate of 52 cents. […]

DexCom ( DXCM ), a player in the glucose monitoring market, reported third-quarter fiscal 2011 loss per share of 20 cents, exceeding the Zacks Consensus Estimate of a loss of 16 cents, but lower than the year-ago loss of 23 cents. The quantum of net loss for the quarter remained virtually unchanged, over the prior year, at about $13.3 million. Revenues Sales increased sharply 56.5% year over year to $18.3 million, below the Zacks Consensus Estimate of $19 million. […]

Buoyed by robust operating results and an enhanced guidance by management, we have upgraded natural gas-focused energy firm Questar Corporation ( STR ) to Outperform from Neutral. Founded in 1922, Salt Lake City, Utah-based Questar operates under three principal subsidiaries – Wexpro Company, Questar Pipeline, and Questar Gas Company. In June 2010, Questar completed the spin-off of its unregulated exploration and production business as well as its gas gathering and marketing segment into a separate, independent and publicly traded company – QEP Resources Inc […]

Jones Lang LaSalle Incorporated ( JLL ), a leading full-service real estate firm, reported third quarter 2010 net income of $33.9 million or $0.76 per share compared to $37.1 million or $0.84 in the year-earlier quarter. Excluding non-recurring items, earnings were $49.6 million or $1.12 per share during the reported quarter versus $38.1 million or $0.86 in the year-ago quarter. Recurring earnings for the reported quarter surpassed the Zacks Consensus Estimate of $1.09 […]

Texas Roadhouse Inc ( TXRH ) recently posted third quarter 2011 earnings of 22 cents, which exceeded the Zacks Consensus Estimate of 19 cents and grew 15% year over year. The higher-than-expected results were attributable to lower than anticipated workers compensation expense, property tax expense and income tax rate. Total revenue climbed 10.0% from the prior-year quarter to $269.3 million, in line with the Zacks Consensus Estimate […]

United States Cellular Corp. ( USM ), a subsidiary of Telephone and Data Systems Inc . ( TDS ) has reported third quarter 2011 earnings per share of 73 cents, breezing past the Zacks Consensus Estimate of 55 cents […]

Skyworks Solutions, Inc. ( SWKS ) reported revenues of $402.3 million in the fourth quarter of fiscal 2011, up 28% year over year and up 13% sequentially, which surpassed management’s guidance of $400 million. […]

Dril-Quip Inc. ( DRQ ) has reported third-quarter 2011 earnings of 58 cents per share, just about beating the Zacks Consensus Estimate of 57 cents but deteriorating 15.9% from the year-ago profit level of 69 cents. The company registered total revenue of $155.0 million in the quarter, up 10.6% from the year-ago level of $140.1 million […]