Month: November 2012

On Friday, First Republic Investment Management Inc., a wholly-owned subsidiary of First Republic Bank ( FRC ), announced the acquisition of California-based Luminous Capital Holdings, LLC, an SEC-registered investment adviser (RIA). Financial terms of the deal were not disclosed. The acquisition by First Republic Bank demonstrates its aim of providing exceptional services to its clients with the purchase of such a flourishing wealth management firm […]

On Friday, Blackstone Capital Partners V, L.P − a private equity fund managed by The Blackstone Group LP ( BX ) − announced that it has completed the acquisition of GCA Services Group from Nautic Partners, L.L.C. and other minority shareholders. GCA provides customized facility services in the U.S and Puerto Rico […]

Industrial gas producer and supplier, Praxair Inc. ( PX ) opted for raising funds yet again, from the market through issuance of notes worth $700 million on November 2, 2012. This is the company’s third fund raising program from the market till date in year 2012 […]

Pepco Holdings Inc. ( POM ) is slated to release its third-quarter 2012 earnings results before the earnings bell on November 6, 2012. Second Quarter Recap The company reported second quarter 2012 earnings from continuing operations of 25 cents per share, much lower than the year-ago figure of 43 cents […]

Calgon Carbon Corporation ( CCC ) posted a loss of $4.5 million or 8 cents a share in third-quarter 2012 compared with a profit of $14.5 million or 25 cents a share a year ago. Excluding a restructuring charge of $8 million, the Pennsylvania-based pollution control company earned 6 cents a share in the quarter, which missed the Zacks Consensus Estimate of 12 cents. Revenues Revenues dipped 5.6% year over year to $135.5 million, and missed the Zacks Consensus Estimate of $143 million. […]

Louisiana-Pacific Corporation ( LPX ) is set to unveil its third quarter 2012 results on November 6, 2012, before the market opens. The Zacks Consensus Estimate for third quarter earnings is pegged at 25 cents on revenues of $475 million. Second Quarter 2012 Recap Louisiana-Pacific Corporation reported adjusted earnings per share (EPS) of 2 cents per share from continuing operations in the second quarter of 2012, missing the Zacks Consensus Estimate of 4 cents. […]

Rockwell Automation, Inc. ( ROK ) reported fourth quarter fiscal 2012 earnings of $1.38 per share compared with $1.39 in the prior-year quarter. The results were ahead of the Zacks Consensus Estimate of $1.32 […]

AMAG Pharmaceuticals Inc.’s ( AMAG ) third quarter 2012 loss of 16 cents per share was narrower than the Zacks Consensus Estimate of a loss of 24 cents and the year-ago loss of 78 cents per share. Lower operating expenses resulted in a narrower loss. […]

British oil and gas giant BP plc ’s ( BP ) Plan for Further Development (POFD) has received approval in principle from the Ministry of Energy and Mineral Resources of Indonesia as well as the country’s upstream regulator – BPMIGAS. The plan aims at expanding the BP-operated Tangguh liquefied natural gas (LNG) project in Teluk Bintuni Regency, Papua Barat province in eastern Indonesia. The project is estimated to cost around $12 billion (£7.5 billion) and involves the development of a third LNG liquefaction train for Tangguh […]

Valeant Pharmaceuticals International ’s ( VRX ) third quarter 2012 earnings of $1.11 per share (excluding special items but including stock-based compensation expense) was above the Zacks Consensus Estimate of $1.09 and the year-ago earnings of approximately 62 cents per share. Revenues for the quarter were $884.1 million, up 47.2% from the year-ago period. […]

Activision Blizzard Inc. ( ATVI ) is scheduled to release its fiscal third quarter 2012 results after the closing bell on November 7, 2012. […]

With its ability to tweak merchandise in accordance with the rapidly changing trends, Hot Topic Inc. ( HOTT ) once again posted positive sales and comparable store sales (comps) results in the third quarter ended October 27, 2012. […]

Electric utility firm Southern Company ( SO ) reported weaker-than-expected third quarter 2012 earnings on the back of tepid industrial activity and lower usage due to mild weather conditions. The company reported earnings per share of $1.11, lagging the Zacks Consensus Estimate by 3 cents. However, the Atlanta, Georgia-based power supplier’s per share profits came higher than the third quarter 2011 level of $1.07 amid a drop in costs. […]

Superior Industries International Inc. ( SUP ) reported adjusted earnings per share of 36 cents in the third quarter of 2012 (excluding income tax benefit), significantly higher than 13 cents in the year-ago quarter and outpaced the Zacks Consensus Estimate by 17 cents. […]

Last Friday, U.S. regulators shuttered two more banks in Florida and Illinois, taking the number of failed banks thus far in 2012 to 49. This follows 92 bank failures in 2011, 157 in 2010 and 140 in 2009 […]

We maintained a Neutral recommendation on KB Home ( KBH ) following appraisal of the third quarter 2012 results. KB Home’s adjusted net loss per share of 10 cents in the third quarter was narrower than the prior-year quarter loss of 13 cents and the Zacks Consensus Estimate of a loss of 17 cents. Double-digit rise in revenues, reduced selling, general and administrative (SG&A) expense ratio, and improved gross margins led to the narrower loss in the quarter […]

Digital River, Inc. ( DRIV ) reported an adjusted net income of 8 cents per share in the third quarter of 2012, better than Zacks Consensus Estimate of 3 cents per share. […]

Isis Pharmaceuticals Inc. ( ISIS ) recently announced that Pfizer Inc. […]