Month: May 2013

Yesterday, after the closing bell, JDS Uniphase Corp. ( JDSU ) declared disappointing financial results for the third quarter of fiscal 2013, missing both the top and bottom line of the Zacks Consensus Estimate. Management cited lower-than-expected capital expenditure by telecom carriers is the primary reason for this poor performance. […]

E-commerce giant Amazon.com, Inc. ( AMZN ) intends to manufacture a television set-top box (STB) to stream video content, according to Bloomberg . Amazon’s set-top box will feature Amazon’s online video offerings, including Prime Instant Video, and on-demand video service, which includes newfilms and TV shows […]

Expeditors International of Washington Inc. ( EXPD ) reported first quarter 2013 adjusted earnings of 39 cents per share at par with the Zacks Consensus Estimate. […]

United States’ third largest bank Citigroup, Inc . ( C ) is on shaky grounds again as it has been sued by U.S. […]

Suntech Power Holdings Co., Ltd. ( STP ) has provided preliminary financial results for the fourth quarter and full year 2012 for the period ending Dec 31, 2012. In the fourth quarter of 2012, revenues were approximately $358 million, down 8% from the sequentially preceding quarter […]

Coal producer Alpha Natural Resources ( ANR ) reported a loss of 47 cents per share for the first quarter of 2013, narrower than the Zacks Consensus Estimate of a loss of 58 cents. The loss per share in the quarter was however wider than the year-ago loss of 27 cents. GAAP loss during the quarter was 50 cents per share versus a loss of 13 cents per share incurred in the year-ago quarter. […]

Pioneer Natural Resources Company ( PXD ) reported first quarter 2013 adjusted earnings of $1.02 per share, surpassing the Zacks Consensus Estimate of 97 cents. The quarterly earnings plunged from the year-earlier adjusted income of $1.23 per share. The decline was mainly due to lower price realization. […]

NCR Corp. ( NCR ) posted first-quarter 2013 earnings per share (EPS) of 54 cents, which surpassed the Zacks Consensus Estimate of 40 cents. […]

Honda Motor Co. ( HMC ) posted a 5.8% rise in earnings to ¥75.8 billion ($805 million) or ¥42.03 (45 cents) per share in the fourth quarter of the fiscal year ended Mar 31, 2013 from ¥71.6 billion or ¥39.72 in the same quarter of prior fiscal year. However, earnings lagged the Zacks Consensus Estimate by 18 cents during the quarter. […]

Hanger Inc. ’s ( HGR ) adjusted earnings per share (EPS) of 28 cents for the first quarter of 2013 beat the Zacks Consensus Estimate of 25 cents. It also exceeded the year-ago first quarter 2012 adjusted EPS by 12% […]

Vulcan Materials Company ( VMC ) posted net loss of 42 cents per share in the first quarter of 2013, wider than the year-ago quarter loss of 40 cents per share. The Zacks Consensus Estimate for the quarter is a loss of 36 cents per share. The loss for the first quarter of both 2011 and 2012 includes the impact of gains on sale of real estate and businesses and restructuring charges. […]

We expect natural gas producer, Ultra Petroleum Corporation ( UPL ), to beat expectations when the company reports its first-quarter 2013 results tomorrow on May 3, 2013. Why a Likely Positive Surprise? […]

The producer of LLumar Window Film, Eastman Chemical Company ( EMN ), and The Skin Cancer Foundation have entered into an alliance to help educate consumers on the hazards of the harmful ultraviolet A (UVA) rays on skin that penetrates through glass while driving. Scientific research proclaims that car drivers’ left body areas are most exposed to harmful sunrays, and hence are the most affected. Eastman Chemical is extending its support to The Skin Cancer Foundation’s monthly initiative of Skin Cancer Awareness by participating in its “Road to Healthy Skin Tour” presented by Rite Aid. […]

Merge Healthcare Incorporated ( MRGE ) reported net loss of 7 cents per share in the first quarter of 2013, worse than the year-ago net loss of 2 cents per share. Considering stock-based compensation and interest expense as regular expense for the company, adjusted loss per share in first quarter was 3 cents, a huge disappointment when compared to the year-ago adjusted earnings of 3 cents per share. Higher costs leading to margin pressure and higher share count worsened the loss at Merge. […]

Ace South Korean telecom firm SK Telecom Corp. ( SKM ) reported first quarter 2013 results. Quarterly consolidated net income shot up 15.3% year over year to KRW 346.0 billion (approximately $311.4 million), aided by strong contributions from SK Hynix […]

Canadian energy explorer, Talisman Energy Inc. ( TLM ) reported weak first-quarter 2013 results due to lower oil and liquids price realizations. […]