Downgrades

ALTERA CORPORATION (ALTR) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of ALTERA CORPORATION (ALTR) from NEUTRAL to UNDERPERFORM on November 02, 2012, with a target price of $28.00. Altera recently reported better-than-expected third quarter results. The company reported a net income of $0.49 per share in quarter, easily beating the Zacks Consensus Estimate of $0.46 per share. […]

Stock Analysts

NiSource Reports Mixed 3Q12 (FE) (NI)

NiSource Inc. ( NI ) posted third-quarter 2012 pro forma earnings per share of 5 cents, beating the Zacks Consensus Estimate by a penny. Quarterly earnings were lower than the year-ago figure of 11 cents per share due to increase in operating as well as interest expenses […]

Stock Analysts

October Comps Rise at Buckle (BKE) (CATO)

After recording declining comps in the last month, Buckle Inc. ( BKE ) posted strong same-store sales as well as total sales for the four-week period ended October 27, 2012. The increase in comps and net sales were witnessed mainly due to rises in both women’s and men's segments […]

Stock Analysts

Regions to Redeem $345M TruPS (BAC) (BK) (JPM) (RF) (TCB)

Regions Financial Corporation ( RF ) jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Thursday, the company announced that it will redeem TruPS worth $345 million, including the 8.875% securities issued by Regions Financing Trust III. Over the last few months, major financial institutions have been redeeming TruPS, since these will no longer qualify for Tier 1 capital ratio calculations beginning 2013 […]

Stock Analysts

Mixed 3Q for Southwestern (CHK) (SWN)

Independent natural gas operator Southwestern Energy Co. ( SWN ) reported third-quarter 2012 earnings of 38 cents per share, exceeding the Zacks Consensus Estimate by 6 cents mainly on higher production. The quarterly result, however, declined 24% from the year-earlier profit of 50 cents. […]

Stock Analysts

MannKind Cuts 3Q Loss (MNKD) (MRK)

MannKind Corporation ’s ( MNKD ) loss of 22 cents per share in the third quarter of 2012 was narrower than the Zacks Consensus Estimate of a loss of 23 cents. Loss during the quarter was also narrower than the year-ago loss of 31 cents per share. […]

Stock Analysts

SunPower Cuts Loss, Beats Estimates (FSLR) (SPWR) (STP)

SunPower Corporation ( SPWR ), a Silicon Valley-based manufacturer of high-efficiency solar cells, reported a third quarter 2012 adjusted loss of 5 cents per share, versus a loss of 6 cents in the year-ago quarter. Loss in the reported quarter was far narrower than the Zacks Consensus Estimate of a loss of 22 cents. […]

Stock Analysts

Chesapeake 3Q Beats, Falls Y/Y (CHK) (XOM)

Natural gas provider Chesapeake Energy Corp. ( CHK ) reported adjusted third quarter 2012 earnings of 10 cents per share, beating the Zacks Consensus Estimate by a penny. However, the reported figure plunged by more than 86% from the year-earlier profit of 72 cents a share. […]

Stock Analysts

Strong Quarter at Novo Nordisk (BMY) (NVO)

Novo Nordisk ( NVO ) reported third quarter 2012 earnings of $1.74 per American Depository Receipt (ADR), up 24.3% from the year-ago period. Earnings were boosted by strong revenues in the reported quarter. Revenues, in the third quarter of 2012, increased 20% on a reported basis and 11% in local currency year over year. […]

Stock Analysts

Earnings Preview: Frontier Comm (FTR) (WIN)

Frontier Communications Corporation ( FTR ) is slated to release its third quarter 2012 results on Tuesday, November 6. The current Zacks Consensus Estimate for third quarter earnings is pegged at 7 cents per share, representing an annualized growth of 15.9%. Second-Quarter Flashback Frontier’s second quarter adjusted earnings of 8 cents surpassed the Zacks Consensus Estimate of 4 cents and increased 33.3% from 6 cents earned in the year-ago quarter […]