Month: November 2011

The Federal Reserve just released its latest policy statement following a two-day meeting. Chairman Bernanke is holding a press conference to discuss the meeting and the future course of monetary policy. Below we present the current statement , along with the statement from the September 21st meeting , broken out paragraph by paragraph. […]

Denver-based Forest Oil Corporation ’s ( FST ) third quarter 2011 earnings from continuing operations of 25 cents per share (excluding non-recurring items) missed the Zacks Consensus Estimate by a penny. The quarterly earnings were well below the year-earlier numbers of 32 cents. The lackluster performance was mainly due to the lower natural gas price realization and net sales volumes, which were partially offset by the higher oil and natural gas liquids prices […]

FBIZ: Raising to Outperform on Excellent Third Quarter Ann Heffron, CFA We are raising our recommendation on First Business Financial Services, Inc. ( FBIZ ) to Outperform from Neutral following third quarter results. FBIZ had an exceptional third quarter, beating our estimate by $0.26 and posting diluted EPS of $0.83 […]

Marsh & McLennan Companies Inc. ( MMC ) reported its third quarter operating earnings of 23 cents per share came in a penny lower than the Zacks Consensus Estimate, while a penny higher than that reported in the year-ago quarter. Operating earnings, which exclude one-time items in both the periods, climbed to $127 million against $123 million. […]

Fiserv Inc. ( FISV ) reported an adjusted income from continuing operations of $166 million or $1.16 per share in the third quarter of 2011 compared to a net income of $163 million (excluding items) or $1.13 per share in the second quarter of 2011 and a net income of $157 million o r $1.04 per share in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.14 […]

Health Net Inc. ( HNT ) reported third-quarter income of $85 million or 96 cents per share, which surpassed the Zacks Consensus Estimate of 83 cents. […]

Navigant Consulting Inc . ( NCI ) has reported third-quarter 2011 adjusted earnings per share of 21 cents, outpacing the Zacks Consensus Estimate of 19 cents. […]

Before the bell, Edison International ( EIX ) reported third quarter 2011 results. In the reported quarter, the company clocked pro forma earnings of $1.31 per share above the Zacks Consensus Estimate of 1.27 per share. However, earnings came in below the year-ago quarterly pro forma earnings of $1.46 per share […]

Vistaprint N.V. ( VPRT ) has declared first quarter 2012 adjusted earnings of 31 cents per share, handily beating the Zacks Consensus Estimate of 12 cents. The better-than-expected results were driven by a double-digit growth in the top line […]

RenaissanceRe Holdings Ltd. ( RNR ) reported third quarter operating income of $32.7 million or 62 cents per share, lagging the Zacks Consensus Estimate of 84 cents. […]

R.R. Donnelley & Sons Co. ( RRD ) reported non-GAAP earnings per share (EPS) of 51 cents in the third quarter 2011, which was in line with the Zacks Consensus Estimate. […]

The Automatic Data Processing ( ADP ) employment survey was stronger than expected in October. It shows that private sector employment rose by 110,000, above consensus expectations for a 100,000 increase. The September numbers were revised up to a gain of 116,000 jobs from the initial report of a 91,000 gain […]

Pipeline operator Magellan Midstream Partners, L.P. ( MMP ) announced strong third quarter 2011 results, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU) of 79 cents (excluding mark-to-market commodity-related pricing adjustments), surpassing the Zacks Consensus Estimate of 72 cents and the year-ago adjusted profit of 54 cents. […]

Master limited partnership ONEOK Partners L.P. ( OKS ) reported exceptionally strong third quarter results, reflecting a year-over-year earnings growth of 56%. The partnership’s earnings for the quarter came in at 84 cents per unit compared to 54 cents earned in the year-ago quarter […]