Stock Analysts

Arrow Beats on Q4 Earnings, Revs

Arrow Electronics Inc. ( ARW ) reported fourth-quarter 2013 adjusted earnings per share of $1.69, which beat the Zacks Consensus Estimate of $1.62. On a year-over-year basis, earnings per share increased 30.8% and came ahead of management’s guided range of $1.56 and $1.68 […]

Stock Analysts

Tesoro Lags Q4 Earnings on Higher Expenses

Independent refiner Tesoro Corporation ( TSO ) reported weak fourth-quarter 2013 earnings due to significantly higher operating expenses and sharp drop in refining margins across all operating regions. Earnings per share (excluding special items) came in at 4 cents, down 97.1% from the year-ago adjusted earnings of $1.38 and substantially below the Zacks Consensus Estimate of 30 cents. However, Tesoro reported revenues of $10,116.0 million, up 34.4% from $7,525.0 million in the comparable quarter last year and above the Zacks Consensus Estimate of $9,918.0 million […]

Stock Analysts

NuStar Posts Weak Q4 Earnings

San Antonio-based publicly traded partnership NuStar Energy L.P. ( NS ) reported weak fourth quarter results, impacted by non-cash charges and a decrease in throughput volumes in the pipeline segment. NuStar’s adjusted earnings per unit (EPU) came in at 21 cents, failing to beat the Zacks Consensus Estimate of 36 cents and decreasing from the year-ago adjusted profit of 25 cents. […]

Stock Analysts

Affymetrix Sees Turnaround Quarter but Earnings Miss

Global genetic devices maker, Affymetrix Inc. ( AFFX ) posted adjusted earnings of $2.2 million or 2 cents per share in the fourth quarter of 2013 in stark contrast to a loss of $1.3 million or 2 cents a share in the same quarter of 2012. However, earnings failed to meet the Zacks Consensus Estimate of 7 cents per share. […]

Stock Analysts

Morgan Stanley Settles Lawsuit, Restates Earnings (revised)

Moving ahead with its aim to resolve all legacy mortgage issues, Morgan Stanley ( MS ) announced a settlement with the Federal Housing Finance Agency (FHFA) – conservator of Freddie Mac and Fannie Mae – over the sale of home loans and mortgage backed securities (MBS). The company will pay $1.25 billion to settle the charges. Notably, the settlement still requires the approval of the FHFA […]

Stock Analysts

Solid Q4 Earnings at XL Group

XL Group plc ( XL ) reported fourth-quarter 2013 operating net income of $1.00 per share beating the Zacks Consensus Estimate by 19%. The results surged from 13 cents per share earned in the year-ago quarter. Including net realized gains on investments of $7.1 million; net realized and unrealized gains on derivatives of nearly $4.1 million; net realized and unrealized losses on investments and derivatives related to XL Group’s insurance company affiliates of $6.9 million and foreign exchange gains of $9.5 million, XL Group reported net income of $1.05 per share, improving from 27 cents earned in the year-ago quarter. […]