Month: November 2012

The Macerich Company ( MAC ), a real estate investment trust (REIT), recently reported third quarter 2012 FFO (fund from operations) of $112.9 million or 78 cents per share compared with $104.2 million or 73 cents per share in the year-earlier quarter. The year-over-year growth in FFO in the reported quarter was driven by strong fundamentals in the portfolio with solid tenant sales, releasing spreads and occupancy gains. FFO in the reported quarter beat the Zacks Consensus Estimate by $0.03. […]

Battered by weak European economy, comparable store sales (Comps) of Zumiez Inc. ( ZUMZ ), for the four-week and thirteen-week periods ended October 27, 2012, remain below the company’s own guidance. […]

Renowned radiosurgery systems maker, Accuray Incorporated ( ARAY ) recently received the U.S. Food and Drug Administration (“FDA”) 510(k) approval for its new Cybernife M6 Series. This innovative series is capable of treating large, complicated tumors (which were rendered untreatable earlier), thereby expanding the number of patients that can benefit from this treatment […]

PT Chevron Pacific Indonesia (CPI) – an affiliate of Chevron Corporation ( CVX ) – announced the start of an expansion plan at Duri field in Sumatra. The company will spend around $500 million for the same. The project involves building of 539 new wells, which includes 358 producing wells, 36 temperature observation wells, and 145 steam injection wells […]

Leap Wireless International Inc. ( LEAP ) is slated to release its third-quarter 2012 financial results on Wednesday, November 7, before the opening bell. The Zacks Consensus Estimate for the quarter is pegged at a loss of 76 cents, representing an annualized growth of 15.32% […]

Commerce Bancshares, Inc. ( CBSH ) announced major capital deployment actions to enhance shareholders’ value. Apart from the regular quarterly cash dividend, the company declared special cash dividend and stock dividend. […]

October sales results for leading fashion retailer, Nordstrom Inc. ( JWN ), remained robust with a 9.8% rise in comparable store sales (comps) compared with the year-ago period. Nordstrom’s two business segments – Nordstrom full-line and Nordstrom Rack – reported comps increase of 10.2% and 10.5%, respectively, compared with the year-ago period […]

Fitch Ratings has maintained its Issuer Default Rating (IDR) of “A-” on Fifth Third Bancorp ( FITB ) last week, but with a positive outlook. According to the rating agency, the positive outlook on the rating is a reflection of Fifth Third’s comparatively stronger earnings profile though, to some extent, this is marred by the company’s elevated credit risk. […]

Target Corporation ( TGT ), the operator of general merchandise and food discount stores in the United States, registered an increase of 2.4% in comparable store sales for October 2012, driven by a rise in average transaction size. However, sales were below an escalation of 3.3% marked in October 2011. In terms of performance, Target also lagged its peer, Costco Wholesale Corporation ( COST ), which witnessed an augmentation of 7% in comparable store sales during the period under review. […]

Quicksilver Resources Inc. ( KWK ), an independent exploration and production company, is scheduled to release its third-quarter 2012 earnings result before the market opens on November 6, 2012. […]