Month: November 2011

TJX Companies Inc. ( TJX ) reported adjusted earnings of $1.06 per share for the third quarter ended October 29, 2011. […]

Here’s a word of caution before your next banking transaction: Major lenders will not charge you for every debit card swipe, but they have already designed other new fees on your regular banking activities. In fact, banks have started imposing several of these fees silently, after their plan to recover interchange fee-related revenue losses by imposing debit card fees flopped. Though these fees have not yet been implemented by all the big banks, we see them lurking right around the corner […]

We reiterated our Underperform rating on Gentiva Health Services Inc. ( GTIV ) on the back of high interest payments as well as increasing operating expenses, which led to a net lo ss and negative o perating cash flow in the third quarter of 2011. Gentiva reported third-quarter operating earnings per share of 27 cents, lagging the Zacks Consensus Estimate of 48 cents as well as 71 cents earned in the year-ago quarter […]

Staples Inc. ( SPLS ), the global leader in the supply of office products, recently posted third-quarter 2011 results. The quarterly earnings of 47 cents a share came in line with the Zacks Consensus Estimate and jumped 15% from 41 cents earned in the prior-year quarter […]

Simulation Contract begins to Contribute at Arotech Ken Nagy, CFA On November 14, 2011, Arotech Corporation ( ARTX ) , a provider of defense and security products, reported financial results for its fiscal 2011 third quarter and nine months, ended September 30, 2011. Arotech reported mixed results with year over year third quarter revenues growing $9.854 million or 60.2 percent to the Company’s highest ever quarterly revenue amount of $26.212 million. This compares to $16.358 million for the comparable quarter of 2010 […]

Dynegy Inc. ( DYN ) reported a third quarter adjusted loss of 21 cents per share lower than the Zacks Consensus estimate of a loss of 19 cents. Also, the company had incurred a loss of 18 cents in the prior-year period […]

According to a report, Chesapeake Energy Corporation ( CHK ) estimates generating nearly $13 billion in cash in 2012 through operating cash flow and future deals. The amount should suffice for its capital expenditure and help in reducing debt. Chesapeake has been spending heavily, buying acreage in shale basins that contain crude oil or natural gas with high liquids content […]

Digital Realty Trust Inc. ( DLR ), a niche real estate investment trust (REIT), has recently closed a $1.5 billion senior unsecured revolving credit facility to replace and augment its existing credit facilities comprising corporate revolving credit facility (a borrowing capacity of $750 million) and Asia Pacific revolving credit facility (a borrowing capacity of approximately $100 million) that were scheduled to mature in August 2012. […]

We recently downgraded Alkermes plc ( ALKS ) to Neutral from Outperform following the average results delivered by the company in the second quarter of fiscal 2012. Alkermes suffered a loss of $0.07 per share (excluding merger related costs and amortization of acquired intangible assets) in the second quarter. […]

Ensco plc ( ESV ) has entered into a contract with Nexen Petroleum, a subsidiary of Nexen Inc. ( NXY ) for its ultra-premium harsh environment jackup rig, ENSCO 120. […]

Looking ahead at the Christmas and holiday season, Sprint ( S ) has announced discounted offering on wireless Broadband services. The company will now charge $50 a month for 6 gigabytes (GB) compared to its previous offer (launched in November 1) of $60 a month for 5 GB. The discounted offer does not cover smartphone users but counts data downloads on tablets, mobile hotspots and laptops […]

Honda Motor Co. ( HMC ) has resumed the production of motorcycles and power produc ts at its subsidiary plant in Thailand, which was closed due to the severe floods in the country recently. However, the company’s automobile factory in Thailand will remain closed due to the inundation […]

Goodrich Corporation ( GR ) has signed a couple of important agreements with Emirates. First and foremost, the two companies signed a General Terms Agreement (“GTA”) that provides a broad guideline for all future aftermarket agreements in the areas of maintenance, repair and overhaul (“MRO”). […]

We upgrade our rating on Thoratec Corporation ( THOR ) to Outperform. Its third quarter earnings beat the Zacks Consensus Estimate while profit surged year over year, helped by higher revenues. […]

Simcere Pharmaceutical Group ’s ( SCR ) third quarter 2011 earnings of 10 cents per American Depositary Share (ADS) fell short of the Zacks Consensus Estimate and the year-ago earnings by 5 cents each. The reduction in earnings was attributable to lower revenues recorded in the third quarter of 2011. […]

Marvell Technology Group ( MRVL ) is scheduled to announce its third quarter 2012 results on November 17, 2011, and we mostly see downward revisions in analyst estimates at this point of time. Second Quarter Overview Marvell Technology delivered a modest second quarter with its bottom line beating the Zacks Consensus Estimate by a penny. Marvell Technology’s second quarter 2012 revenue was flattish year-over-year and within the guided range […]