Month: November 2011

Trimble Navigation’s ( TRMB ) third quarter earnings exceeded the Zacks Consensus Estimate by 3 cents, or 6.8%. While GAAP earnings exceeded management expectations, non-GAAP earnings fell short. However, despite softness in some markets, Trimble’s solid portfolio (enhanced by acquisitions), strong market position and strategic partnerships will continue to drive both revenue and earnings over the next few quarters […]

Canada’s largest telephone operator BCE Inc. ( BCE ) has reported third quarter 2011 adjusted earnings per share of 95 cents per ADS (93 Canadian cents), which breezed surpassed the Zacks Consensus Estimate of 74 cents. […]

Phase 2 Data Met With Mixed Response Jason Napodano, CFA On November 4, 2011, RegeneRx Biopharmaceuticals ( RGRX ) reported results from the company’s phase 2 clinical trial with RGN-259 for the treatment of signs and symptoms of dry eye syndrome. The trial enrolled a total of 72 patients and tested subjects in a Controlled Adverse Environment (CAE) model over a period of 30 days. […]

Windstream Corporation ( WIN ), a fixed-line voice and DSL Internet service provider, has reported third quarter adjusted earnings per share of 19 cents, missing the Zacks Consensus Estimate of 20 cents. Adjusted earnings excluded $13 million in after-tax merger and integration costs and $13 million in loss from extinguishment of debt, which had a negative impact of 5 cents. Including these costs, earnings per share declined 22.2% to 14 cents from 18 cents in the year-ago quarter […]

MWI Veterinary Supply ( MWIV ) reported fourth quarter 2011 EPS of 80 cents, in line with the Zacks Consensus Estimate but 12.7% higher than the year-ago quarter EPS. For fiscal 2011, EPS came in at $3.4, meeting the Zacks Consensus Estimate but well ahead of $2.70 in fiscal 2010. The company reported revenues of $421.3 million in the reported quarter, exceeding the Zacks Consensus Estimate of $397 million and up 17.4% year over year […]

Aerospace and defense company Alliant Techsystems Inc. ( ATK ) announced operating earnings of $2.10 per share for its second-quarter fiscal 2012 ended October 2, 2011, exceeding the Zacks Consensus Estimate of $2.04 but short of the year-ago earnings of $2.24 per share. GAAP earnings in the quarter were $2.43 per share versus $2.91 per share in the prior-year quarter. […]

After the debit card debacle following the imposition of the debit interchange fee (proposed by the Durbin Amendment) effective October 1, U.S. banks were working out ways to avoid the related revenue losses. An alternative already seems underway […]

Valeant Pharmaceuticals International ’s ( VRX ) third quarter 2011 earnings of 62 cents per share (excluding special items but including stock based compensation expense) beat the Zacks Consensus Estimate by 5 cents and the year-ago earnings by 20 cents per share. The bottom-line growth was driven by higher revenues. […]

MannKind Corporation ’s ( MNKD ) third quarter 2011 net loss of 31 cents per share was narrower than the Zacks Consensus Estimate of a loss of 32 cents and the year-ago loss of 40 cents per share. The narrower loss was attributable to lower operating expenses incurred during the reported quarter. […]

Oil refiner and marketer Western Refining Inc. ( WNR ) came out with weaker-than-expected third-quarter 2011 results, hurt by lower refinery throughput and higher operating costs. The company reported earnings per share of $1.37, missing the Zacks Consensus Estimate of $1.40. […]

Washington, District of Columbia-based energy distributor Pepco Holdings Inc. ( POM ) posted third quarter 2011 operating earnings of 35 cents per share, missing the Zacks Consensus Estimate of 41 cents and the year-ago operating earnings of 52 cents. The third quarter miss mainly stemmed from higher operation and maintenance expense in the company’s Power Delivery segment, due to increased electric system preventative maintenance and increased tree trimming activities. […]

Chicago-based Morton’s Restaurant Group, Inc . ( MRT ) has posted an adjusted loss of 11 cents per share in the third quarter of 2011, in line with the Zacks Consensus Es timate. The reported loss was slightly better than the year-ago loss of 13 cents per share and was within the previous loss guidance range of 10 cents to 12 cents […]

A Silicon Valley-based manufacturer of high-efficiency solar cells, SunPower Corporation ’s ( SPWRA ) third quarter 2011 adjusted earnings per share came in at 4 cents, easily beating the Zacks Consensus Estimate of a loss of 6 cents. However, earnings were below the year-ago earnings of 26 cents per share. The results were driven by effective performance from its Residential and Commercial (R&C) and Utility and Power Plants (UPP) businesses. […]

Lincoln Electric Holdings Inc . ( LECO ) recently reported third quarter EPS of 66 cents, up 69% from 39 cents in the year-earlier quarter and ahead of the Zacks Consensus Estimate of 62 cents. […]

NextEra Energy Inc. ( NEE ) announced third-quarter 2011 operating earnings of $1.31 per share, 14 cents lower than the year-ago quarter. The results of the company were also lower than the Zacks Consensus Estimate by 11 cents […]

Before the bell, Ameren Corporation ( AEE ) reported third quarter 2011 results with pro forma earnings of 1.57 per share, comfortably surpassing the prior-year figure of $1.40 per share and the Zacks Consensus Estimate of $1.29 per share. The results were driven by electric rate increase at Illinois and Missouri, lower non-fuel operations and maintenance expenses, warmer weather and lower interest expense. The positives were, however, partially offset by reduced margins in the merchant generation segment due to lower realized power prices and higher fuel and transportation-related expenses. […]