Month: November 2011

Canadian Pacific Railway Limited ( CP ) has sold 12.2% stake to William A. Ackman, the founder and CEO of hedge fund Pershing Square Capital Management, L.P. The company sold approximately 20.6 million shares to Ackman but the terms of the agreement remain undisclosed […]

Terex Corp. ( TEX ) reported third quarter results delivering an adjusted EPS of 30 cents versus a loss of 32 cents in the year-ago quarter. The EPS in the quarter was ahead of the Zacks Consensus Estimate of 22 cents. […]

KLA-Tencor Corporation’s ( KLAC ) first quarter earnings came in line with the Zacks Consensus Estimate. Results were weak as expected due to the broad-based revenue decline that impacted margins in the last quarter. However, the lower tax rate helped […]

Williams Companies ( WMB ) reported weak than expected third quarter 2011 results, hurt by steeper operating costs. Earnings per share, excluding special items, came in at 40 cents, missing the Zacks Consensus Estimate by a penny. Comparing year over year, earnings improved 81.8% from 22 cents. […]

CenterPoint Energy Inc. ( CNP ) in the third quarter 2011 posted adjusted earnings of 38 cents per share, beating the Zacks Consensus Estimate and the year-ago quarterly earnings of 29 cents each. On a reported basis the company clocked earnings of $2.27 per share versus 29 cents in the year-ago quarter […]

Amerisafe Inc. ’s ( AMSF ) third-quarter 2011 operating earnings per share of 33 cents came in higher than the Zacks Consensus Estimate of 29 cents and 26 cents reported in the prior-year quarter. Operating income spiked 25.6% year over year to $6.2 million […]

We are downgrading Human Genome Sciences Inc. ( HGSI ) to Underperform from Neutral following the disappointing third quarter 2011 results reported by the company. Our target price is $10.00. […]

Stratasys Inc. ( SSYS ) reported earnings per share of 25 cents in the third quarter of 2011, outpacing the Zacks Consensus Estimate by 6 cents. Revenue Stratasys reported total revenue of $39.7 million in the third quarter of 2011, up 31.0% from $30.3 million in the year-ago quarter […]

Becton, Dickinson and Company ( BDX ) reported adjusted fourth-quarter fiscal 2011 earnings per share of $1.39, matching the Zacks Consensus Estimate while exceeding the year-ago earnings of $1.24. The adjusted earnings exclude a non-cash charge of $9 million (or 3 cents per share) associated with discontinuation of a research program. […]

Devon Energy Corp . ( DVN ) reported third-quarter 2011 adjusted EPS of $1.54, which was above the Zacks Consensus Estimate of $1.48. On a GAAP basis, the company reported an EPS of $2.50 compared with the year-ago quarter EPS of $4.79, impacted by a one-time unrealized gain on oil, gas and natural gas liquids derivatives of $642 million before-tax ($415 million after-tax) […]

Bank of America Corp. ( BAC ) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was under pressure to drop debit card fee as some of its rival companies including JPMorgan Chase & Co. […]