Month: April 2012

Edwards Lifesciences Corporation ( EW ) reported net income of $65.1 million or 55 cents per share in the first quarter of fiscal 2012 compared with $63.9 million or 53 cents per share in the year-ago period. Adjusted earnings per share (EPS) came in at 53 cents, ahead of the Zacks Consensus Estimate of 48 cents but unchanged from the first quarter of fiscal 2011. […]

Merck & Co. Inc. […]

CBRE Group Inc. ( CBG ), the world’s largest commercial real estate services firm in terms of fiscal 2011 revenue, reported first quarter 2012 revenues of $1.35 billion compared with $1.19 billion in the year-earlier quarter, reflecting an increase of 14%. The revenues in the reported quarter marginally beat the Zacks Consensus Estimate by $2 million. […]

C.H. Robinson Worldwide Inc. […]

AK Steel Holding Corporation ( AKS ) has slipped into a loss in first-quarter 2012 as it saw a decline in sales and shipment volumes. The Ohio-based leading producer of flat-rolled carbon, stainless, electrical steel and tubular products posted a net loss $11.8 million (or 11 cents a share) compared with a profit of $8.7 million (or 8 cents per share). The results came in sync with the Zacks Consensus Estimate. […]

On Tuesday, as reported by Reuters , American International Group Inc. 's ( AIG ) attempts to intervene in Bank of America Corporation 's ( BAC ) $8.5 billion mortgage bond settlement case were spurned. New York state Supreme Court Justice Barbara Kapnick not only dismissed the allegations of AIG, but also of the other investors. […]

Sears Canada Inc., a unit of Sears Holdings Corporation ( SHLD ), continues to liquidate its assets in line with its strategy of divesting assets to boost its cash and overall financial position. Sears Canada announced that it has entered into a deal with Nationwide Marketing Group LLC to sell its interest in Cantrex Group operations. […]

Juniper Networks ( JNPR ) posted adjusted earnings per share (EPS) of 6 cents in the first quarter of 2012, missing the Zacks Consensus Estimate by a penny. Revenues Juniper Networks’ revenues declined 6.27% year over year to $1.03 billion in the reported quarter. The company generated 74.8% of its consolidated quarterly revenue from product sales, while the remaining 25.2% came from service revenues. […]

Earlier this week, Jacobs Engineering Group Inc. ( JEC ) announced that it has been awarded two strategic contracts, one being the Contract Option Year for work at TVA's Kingston Site and another, a second contract from Hong Kong SAR Government to Manage and Operate Public Works Regional Laboratory. Jacobs has been awarded its second option year on the Tennessee Valley Authority's (TVA) Ash Recovery Project. […]

Mortgage insurer MGIC Investment Corp. ( MTG ) suffered an operating loss of 48 cents per share on account of higher claim costs and lower premiums written. The reported loss was wider than the Zacks Consensus Estimate of a loss of 47 cents […]

Rockwell Automation, Inc. ( ROK ) reported a 2% increase in EPS to $1.16 in the second quarter of fiscal 2012 from $1.14 in the same quarter of prior fiscal year, but fell short of the Zacks Consensus Estimate by 11 cents. […]

Specialty material company Celanese Corporation ( CE ) reported first-quarter 2012 adjusted earnings (excluding one-time charges and gains) of 72 cents per share, down from 96 cents a year ago. The results were below the Zacks Consensus Estimate of 77 cents. Profit, as reported, jumped 28.9% year over year to $183 million (or $1.15 per share). […]