Month: November 2012

Vornado Realty Trust ( VNO ), a real estate investment trust (REIT), recently announced that it has inked deals to sell two properties to undisclosed buyers. The company is going to sell the Reston Executive Center located in Virginia for $126 million and another property in downtown Philadelphia for $60 million. The company will get the combined net proceeds of $89 million from the sales after the repayment of existing loan and closing costs […]

Following the release of third quarter 2012 results, most of the analysts providing estimates for The Boeing Company ( BA ) have raised their earnings estimates for 2012. The revision in estimates mainly reflects the guidance provided by the company. […]

Ensco plc ( ESV ) reported record adjusted third quarter 2012 profit of $1.53 a share, which surpassed the Zacks Consensus Estimate of $1.30. Moreover, the quarterly earnings increased approximately 66% from 92 cents earned in the year-earlier quarter. The substantial jump in the quarterly profit was buoyed by vigorous demand for oil rigs as well as new rigs joining the fleet. […]

Cubist Pharmaceuticals Inc. ( CBST ) recently announced the commencement of a phase III study (n~1,400) regarding its pipeline candidate CB-5945. The long-term safety study, which is a part of the phase III CB-5945 program (n~3,200), is designed to evaluate CB-5945 (0.25 mg twice daily) for treating opioid-induced constipation (OIC) in patients with chronic non-cancer pain. […]

We are upgrading our recommendation on Hanesbrands Inc. ( HBI ) to Outperform from Neutral on the back of solid third quarter 2012 results. Hanesbrands' third quarter earnings of $1.11 per share outpaced the prior-year earnings by 31% and the Zacks Consensus Estimate by 5.7% […]