MetLife Inc. ( MET ) reported first-quarter 2013 operating earnings per share (EPS) of $1.48, modestly beating both the Zacks Consensus Estimate of $1.30 and the year-ago quarter’s EPS of $1.37. […]
Lincoln National Corporation ’s ( LNC ) first-quarter 2013 operating earnings of $1.02 per share lagged the Zacks Consensus Estimate of $1.10, although it breezed past the prior-year quarter’s earnings of 99 cents a share, primarily on lower share count. However, operating net income dipped 2.7% year over year to $285 million. […]
CBS Corporation ’s ( CBS ) first-quarter 2013 earnings came in at 73 cents a share, surpassing the Zacks Consensus Estimate of 68 cents and jumping 23.7% from 59 cents earned in the year-ago quarter. Higher advertising revenue and rise in affiliate and subscription fees were the driving factors. Moreover, lower interest expenses and share buybacks cushioned the bottom line […]
Europe’s largest oil company Royal Dutch Shell plc ( RDS.A ) reported strong first quarter 2013 earnings, helped by higher natural gas prices and stronger refining margins. The Hague-based Shell, which follows continental rival BP plc ( BP ) in coming out with better-than-expected profits, reported earnings per ADR (on a current cost of supplies basis) – excluding one-time items and gains or losses from inventories – of $2.38. This was above the Zacks Consensus Estimate of $2.07 and the year-ago adjusted earnings per ADR of $2.34 […]
Global genetic devices maker, Affymetrix Inc. ’s ( AFFX ) first-quarter 2013 adjusted loss per share of 1 cent was wider than the Zacks Consensus Estimate of break-even earnings. […]
UBS AG ( UBS ) reported first-quarter 2013 net income attributable to shareholders of CHF 988 million ($1,062.3 million), which substantially outpaced the prior-quarter’s loss of CHF 1.9 billion ($2.0 billion). The positive quarterly results were primarily impacted by lower net charges for provisions for litigation and regulatory matters as well as reduced own credit loss. UBS AG’s adjusted pre-tax income came in at CHF 1.9 billion ($2.0 billion) in the reported quarter compared with a loss before tax of CHF 1.2 billion ($1.3 billion) in the prior quarter […]
Prudential Financial Inc. ’s ( PRU ) adjusted operating earnings for the first quarter of 2013 came in at $2.28 per share, higher than the Zacks Consensus Estimate of $1.89. Results also exceeded the year-ago earnings of $1.61 per share […]
Archer Daniels Midland Company ’s ( ADM ) adjusted earnings of 48 cents per share for the first-quarter ended Mar 31, 2013 fell short of the Zacks Consensus Estimate of 51 cents and dipped 38.5% from the year-ago period’s adjusted earnings of 78 cents. The company’s earnings suffered primarily due to inferior segment operating profits. On a reported basis, the company reported earnings of 41 cents per share, substantially below 60 cents earned in the prior-year quarter […]
Royalty Pharma Submits Formal Cash Offer For Elan Corporation, plc (“Elan”) Offer Price Reflects $1 Billion Dutch AuctionStrikePrice of $11.25 per Elan Share PR Newswire NEW YORK, May 2, 2013 NEW YORK , May 2, 2013 /PRNewswire/ — Echo Pharma Acquisition Limited (“Royalty Pharma”) has today issued an offer document dated 2 May 2013 (the “Offer Document”). In the Offer Document, Royalty Pharma confirms the Offer Price set forth in its Rule 2.5 Announcement of 15 April (please see the Offer Document for details). The Offer Price reflects Elan’s (NYSE: ELN) $1 billion Dutch Auction share repurchase (the “Dutch Auction”) clearing price of $11.25 per Elan Share, the lowest possible price in the range set by the Elan Board […]
Rentech Acquires Wood Chip Processor Fulghum Fibres; Also Enters Growing Wood Pellet Industry with Contracts to Supply Over Four Million Metric Tons to Utilities from Two Plants Canada NewsWire LOS ANGELES, CA, May 2, 2013 Fulghum Fibres is the leading provider of contract wood chip processing services in the U.S., with approximately $10 million of Operating Income and $20 million of EBITDA expected in 2013. Two former wood processing facilities to be acquired and converted to produce wood pellets, projected to have combined stabilized Operating Income of $3 million and EBITDA of $15 million . Contracts in place for the sale and transport of approximately 445,000 annual metric tons of wood pellets over ten years; sustainably managed wood supply from Crown forests in Ontario, Canada ; and joint venture development and construction partner […]
[marketwatch 8F3E81D9-A559-4D68-9817-7289106AA72F] How Safe is Your Smartphone From Hackers? […]
[marketwatch 797BBEE4-5ADF-4611-B2F1-6B3855B53FFD] Rusal CEO Calls For More Aluminum Output Cuts […]
Allegheny Technologies ( ATI ) reported net income for the first quarter 2013 slumping 82% to $10.0 million, or $0.09 per share, on sales of $1.18 billion. For this diversified maker of specialty metals products from stainless steel to titanium and superalloys, that was quite a drop compared with net income of $56.2 million, or $0.50 per share, on sales of $1.35 billion for Q1 last year. But the Zacks Rank has been on top of this decline since the summer of 2011 when the stock was at $65 […]
Frutarom Continues to Expand Global Spread and Deepens its Presence in Emerging Markets: Frutarom Acquires South African Flavor Company JannDeRee PR Newswire HAIFA, Israel, May 2, 2013 HAIFA, Israel , May 2, 2013 /PRNewswire/ — Jannderee’s sales in 2012: US$5 million Frutarom Industries Ltd. (” Frutarom “, LSE: FRUT, TASE: FRUT, FRUTF.PK ) today announced that it has signed an agreement for the acquisition of the South African JannDeRee (Pty) Limited company (” JannDeRee ” ) for the sum of US$5.2 M . […]
The megatrend of emerging markets driving increased food demand is nowhere more apparent than in the fortunes of farm machinery maker CNH Global ( CNH ) who just reported blow-out first quarter results. CNH is the number-one manufacturer of agricultural tractors and combines in the world, the third-largest maker of construction equipment, and has one of the industry’s largest equipment finance operations. […]
[youtube r8REeSLEU6Q] We’re talking gold price volatility & stabilization, as well as ECB and Fed FOMC meetings on today’s “Technically Speaking” w/ Kitco’s Jim Wyckoff. Following the major collapse in gold prices, it seems the sell-off is finally over with bulls repairing some of the major technical damage according to Wyckoff. Although he says bulls still have some heavy lifting to do, gold prices are well up from the April lows and hit a 2-week high last Friday (4/26), leading Wyckoff to believe that a near-term market bottom is in place […]
[youtube VKzFXBFKqC8] With earnings season in full swing, Kitco News mining reporter Alex Letourneau covers Barrick Gold’s (NYSE: ABX) rough week filled with headlines and investor backlash, and also takes a look at earnings for major miners Freeport-McMoRan Copper & Gold (NYSE: FCX), Agnico-Eagle Mines (NYSE: AEM) and Alamos Gold (NYSE, TSX: AGI) Kitco News, April 26, 2013. […]
[youtube cyHMMN7v1uQ] Despite recent downtrends, silver prices could rebound to $30/oz this year according to Neil Meader, Thomson Reuters GFMS Head of Precious Metals Research. Kitco News’ Daniela Cambone spoke with him about the current fundamentals of silver such as mine supply and demand, fundamentals which Meader believes could be quite supportive of higher silver prices. Despite a minor slump in 2012, Meader states that silver industrial usage could hit a three-year high in 2013, which would undoubtedly be a strong support for demand-side fundamentals. […]
Dow Building Solutions, a unit of The Dow Chemical Company ( DOW ), has entered into a distribution agreement with The Energy Conscious, a fast-growing e-marketplace for energy efficient and sustainable products, to offer its wide range of weatherization products to the latter’s DIY, trade professional and reseller clients. The formation of the partnership was based on the respective strengths of both the companies. The Energy Conscious has thorough knowledge and specific emphasis on energy efficient products while Dow Building Solutions discerns significant energy-saving opportunities through efficiency improvements in homes and buildings […]
Industrial gas producer and supplier, Praxair Inc. ( PX ) recently priced $650 million worth of Notes, offered under the company’s universal shelf registration statement. The offering will consummate on May 7, 2013. […]
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