Month: May 2013

Shares of Monsanto Company ( MON ) hit a new 52-week high of $107.73 on May 3 and eventually closed at $107.28. The shares of this agricultural chemicals company have been gaining momentum since it reported solid fiscal second quarter results on Apr 3. Year-to-date, share price has recorded a healthy return of 14.2% […]

Federal Realty Investment Trust ( FRT ), a real estate investment trust (REIT), reported first-quarter 2013 FFO (funds from operations) per share of $1.14, beating the Zacks Consensus Estimate by 2 cents and the prior-year quarter figure of $1.04. The better-than-expected results were attributable to improved performance in the same-store portfolio and decent top-line growth. Total revenue during the reported quarter increased 7.8% to $157.8 million from $146.3 million and marginally topped the Zacks Consensus Estimate of $156 million. […]

Constellation Brands Inc. ’s ( STZ ) shares crafted a new 52-week high of $50.34 on Friday, May 3. This alcoholic beverage company eventually closed at $50.21, up 0.6% from the previous day’s session and generated a year-to-date return of approximately 33.7% […]

According to a recent report by Navigant Research, the research arm of Navigant ( NCI ), the commercial sector is set to become one of the major markets for demand response (DR). According to the report, the underserved commercial buildings market is likely to generate revenues worth $712.5 million for DR initiatives by 2018. […]

Allergan, Inc. ( AGN ) recently received encouraging news when the US Food and Drug Administration’s (FDA) General and Plastic Surgery Devices Panel of the Medical Devices Advisory Committee unanimously recommended the approval of Juvéderm Voluma XC. […]

Dow Solar, a business unit of The Dow Chemical Company ( DOW ), and Sol Systems have partnered to provide turnkey solar renewable energy credit (SREC) solutions for DOW POWERHOUSE Solar Shingles customers. Sol Systems will offer the customers of Dow Solar with the opportunity to enter into SREC contracts. Sol Systems provide access to its proprietary SREC management tool and register the systems with the necessary state and regulatory bodies, track meter readings, and handle all SREC customer service inquiries, thereby removing the administrative burden of monetizing SRECs for its customers and partners […]

Bristol-Myers Squibb Company ( BMY ) recently received positive news from the US Food and Drug Administration (FDA) when the US regulatory authority approved the pharma major’s HIV drug Sustiva for treating children between three months and three years. The body weight of the children should not exceed 3.5 kilograms. The approval provides a once-daily option as part of a regimen for HIV infected children between three months and three years. […]

Industrial gas giant Air Products ( APD ) has finally clinched its first major domestic liquefied natural gas (LNG) heat exchanger order for a liquefaction project in Maryland. The Pennsylvania-based company will supply its proprietary C3MR LNG liquefaction technology and equipment for power and energy company Dominion Resources, Inc. […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles jumped to their all-time high level, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago levels […]

Maxwell Technologies, Inc. ( MXWL ) reported preliminary, financial numbers for the fourth quarter ending Dec 31, 2012 and first quarter ending Mar 31, 2013. During the fourth quarter of 2012 and first quarter of 2013, invoiced shipments were $41.9 million and $46.6 million, respectively. […]

On May 03, 2013, shares of Concur Technologies, Inc. ( CNQR ) hit a 52-week high of $81.93. The average volume traded during last one month is 776,407 shares. […]

Independent oil and gas explorer, Canadian Natural Resources Ltd. ( CNQ ), reported mixed first-quarter 2013 results. Earnings per share, excluding one-time and non-cash items, were 37 Canadian cents (37 US cents) in the quarter, way behind the Zacks Consensus Estimate of 43 US cents. […]

OncoGenex Pharmaceuticals, Inc. ( OGXI ) reported first quarter 2013 net loss per share of 46 cents, narrower than the Zacks Consensus Estimate of a loss of 68 cents and the year-ago loss of 67 cents per share. First quarter 2013 revenues were $5.1 million, compared with $1.3 million in the year-ago quarter […]

Acorda Therapeutics Inc. ’s ( ACOR ) first quarter 2013 loss (including share-based compensation charges but excluding other special items) of 3 cents per share compared unfavorably with the Zacks Consensus Estimate of earnings of 18 cents and the year-ago earnings of 26 cents per share. Quarterly revenues increased 0.9% to $71.9 million, missing the Zacks Consensus Estimate of $80 million […]

We expect Perrigo Company ( PRGO ) to report in line third quarter fiscal 2013 results before the opening bell on May 7. The company’s fiscal year ends on the last Saturday of Jun every year. Factors to Consider Perrigo has lately been quite active on the acquisition front. […]

On Apr 30, we maintained a Neutral recommendation on the private education service provider, Apollo Group Inc. ( APOL ). Though the company delivered better than expected results in the second quarter of fiscal 2013, enrolments continued to struggle. […]

Following a modest first-quarter 2013 earnings, American Express Co. ( AXP ), also known as AmEx, announced a 15% hike in its dividend payout last week. The increase is an attempt to return excess wealth to investors, thereby raising their confidence in this Zacks Rank #3 (Hold) stock […]