Month: November 2011

Stock Analysts

Luminex’s 3Q Mixed, Records Profit (AFFX) (LMNX) (SQNM)

November 2, 2011 0

Luminex Corporation ( LMNX ), a developer of biological testing technologies, reported third-quarter fiscal 2011 earnings of 5 cents a share, narrowly missing the Zacks Consensus Estimate of 6 cents. The Texas-based company, however, tu rned in a profit in the quarter on the back of solid sales and lower tax. Luminex posted a p rofit of $1.9 million in the third quarter versus a loss of $0.7 million (or 2 cents a share) a year ago […]

Stock Analysts

Strong 3Q for Standard Motor (FDML) (SMP) (VC)

November 2, 2011 0

Standard Motor Products Inc. ( SMP ) reported earnings of $14.1 million or 61 cents per share from con tinuing operations in the third quarter of 2011 compared with $11.1 million or 48 cents per share in the year-ago quarter. Reported earnings per share included a tax gain of 2 cents compared with a similar tax gain of 4 cents and a gain of 4 cents from sale of assets in the prior-year quarter […]

Mergers & Acquisitions

Rising Financial Solutions Acquires InTrust’s MSA Administration Assets

November 2, 2011 0

Rising Financial Solutions Acquires InTrust’s MSA Administration Assets Companies Combine Expertise & Technology to Protect MSA Settlement Parties PR Newswire CHICAGO, Nov. 2, 2011 CHICAGO , Nov. 2, 2011 /PRNewswire/ — MSA Administration company Rising Financial Solutions, a sister company of Rising Medical Solutions, recently acquired the MSA Custodial Account assets of InTrust Services – an MSA Administration company headquartered in Lake Mary, Florida […]

Stock Analysts

EOG Outperforms in 3Q (CHK) (EOG)

November 2, 2011 0

EOG Resources Inc. ( EOG ), a major independent oil and gas exploration and production company, has reported stellar adjusted third-quarter 2011 results on the back of an almost 54% growth in crude oil production. Quarterly adjusted earnings of 83 cents per share topped the Zacks Consensus Estimate of 81 cents and showed a substantial improvement from 18 cents earned in the year-earlier quarter […]

Stock Analysts

Amedysis Hit by Charges, Guides Low (AMED)

November 2, 2011 0

Home health care provider, Amedisys ( AMED ) reported a loss of $14.73 per share in the third quarter of 2011, compared with earnings of 76 cents per share in the year-ago quarter. However, Amedisys recorded $574.1 million ($434.3 million after tax) as impairment charges based on the decline in market capitalization and disappointing performance over the past few quarters. After considering this and some other adjustments, adjusted EPS came in at 36 cents, which was well below the Zacks Consensus Estimate of 51 cents and 59.5% down from the year-ago quarter. […]