Archive for July, 2011
(LNN) Lindsay Corporation’s Third Quarter Earnings Beat Estimates
Lindsay Corporation (LNN) announced results for its fiscal third quarter ended May 31, 2011. The quarter delivered an EPS of $1.20, beating the Zacks Consensus Estimate of 96 cents and 50 cents in the year-earlier quarter. Total revenue in the quarter increased at a whopping...
1Jul2011 | vitalstocks | 0 comments | Continued(DELL) Dell Explains Blueprint for Growth
World’s second largest PC maker, Dell Inc. (DELL) chalked out some plans to earn better returns from investments. At its recent analyst meeting, the chief executive officer (CEO) Michael Dell expressed intentions to focus on the small and medium business (SMB) and health care...
1Jul2011 | vitalstocks | 0 comments | Continued(SLE) Sara Lee Finishes Eating Aidell’s Sausage Company
Sara Lee Corp. (SLE) announced that it has completed its $87 million buyout of Aidells Sausage Co. from Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies. The deal was originally announced on May 5, 2011. Sara Lee said...
1Jul2011 | vitalstocks | 0 comments | Continued(WCRX) Warner Chilcott Announces Change in Leadership of Research & Development Division
Warner Chilcott (WCRX) recently announced that there will be a change at the helm of its research & development (R&D) division from the beginning of next year. The need for change arose following the decision of Warner Chilcott’s incumbent R&D chief, Dr. Fawzi,...
1Jul2011 | vitalstocks | 0 comments | Continued(GM) Metals & Mining Stock Outlook – July 2011 – Industry Outlook
Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting...
1Jul2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo to Shed H.D. Vest Financial Services Business
Wells Fargo & Co. (WFC) has decided to offload its H.D. Vest Financial Services business to Parthenon Capital Partners, a private equity firm. The company has entered into a definitive agreement in this context with Parthenon Capital. However, the terms of the deal were not...
1Jul2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Remains Neutral
We reiterate our Neutral recommendation on TRW Automotive Holdings Corp. (TRW), which is a leading manufacturer of advanced technology products and services for the automotive markets. The company is one of the world’s largest suppliers of automotive systems, modules and...
1Jul2011 | vitalstocks | 0 comments | Continued(TEF) Spain Holds Mobile Spectrum Auction
Spain has put its mobile telecom licenses on auction for the very first time. The Spanish government will raise roughly €1.45 billion ($2.05 billion) to control budget deficit. Spain will auction 58 blocks with frequency bands of 800 megahertz (MHz), 900 MHz and 2.6 gigahertz...
1Jul2011 | vitalstocks | 0 comments | Continued(BDX) Unilife Completes Validation Tests
Retractable syringes maker Unilife Corporation (UNIS) has successfully completed all the required validation tests for its Unifill ready-to-fill (prefilled) syringe, representing the final step in the industrialization process of this unique device. The achievement underscores...
1Jul2011 | vitalstocks | 0 comments | Continued(MYGN) Myriad Genetics Analyst Uprades Shares to Outperform
Recently, we upgraded Myriad Genetics (MYGN) to Outperform with a target price of $27.00. Myriad is confident of retaining the momentum recorded over the past few quarters going ahead through product portfolio expansion, targeting the companion diagnostic market and expansion...
1Jul2011 | vitalstocks | 0 comments | Continued(PETS) PetMed Express – Bear of the Day
PetMed Express (PETS) reported a disappointing quarter with EPS of $0.19, missing the Zacks Consensus Estimate of $0.22 and the year-ago quarter’s $0.27. While new order sales declined on fewer new customers, revenues increased 1.2% to $50.9 million. Both gross and operating...
1Jul2011 | vitalstocks | 0 comments | Continued(MYGN) Myriad Genetics – Bull of the Day
Myriad Genetics’ (MYGN) flagship product, Bracanalysis, has been recording robust growth over the past few quarters. Moreover, the company is undertaking strategies to expand the scope of the test. A strong cash balance enables the company to buyback shares, expand into...
1Jul2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies’ Gets New Labor Contract with United Steelworkers
Allegheny Technologies Incorporated (ATI) announced that the United Steelworkers (USW) represented employees at Allegheny’s Ludlum plants and Albany, Ore., titanium operations ratified new four-year labor agreements. The new agreements wil expire on June 30, 2015, and...
1Jul2011 | vitalstocks | 0 comments | Continued(UTI) Universal Technical Institute Cuts Workforce
Universal Technical Institute Inc. (UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, recently announced a cut in its workforce. The regulation proposed by the Department of Education is weighing upon student enrollments of...
1Jul2011 | vitalstocks | 0 comments | Continued(TTEK) Tetra Tech and Science Applications International Joint Venture Wins Contract
A joint venture of Tetra Tech Inc. (TTEK) and Science Applications International Corporation (SAI), called Integrated Justice Systems International, LLC (IJSI) has received a contract to provide worldwide civilian police and criminal justice assistance to the U.S. Department...
1Jul2011 | vitalstocks | 0 comments | Continued(APOL) Apollo Group Earnings Beat the Street – Profits Fall
Apollo Group Inc. (APOL), one of the world’s largest private education providers, reported earnings of $1.45 per share for third-quarter 2011, declining 16.7% from the prior-period earnings of $1.74. However, earnings surpassed the Zacks Consensus Estimate of $1.34 a share. On...
1Jul2011 | vitalstocks | 0 comments | Continued(PMI) U.S. Manufacturing Outlook Not That Bad
The busy economic docket of this first day of July notwithstanding, Stocks may not do much today ahead of the July 4th weekend. But they have done plenty lately. In fact, the sharp gains in the last few days enabled the market to recoup earlier losses and effectively break-even...
1Jul2011 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Gets FDA Clearance on Second Facility
Dendreon Corporation (DNDN) recently received clearance from the U.S. Food and Drug Administration (FDA) to expand manufacturing facility for its cancer vaccine Provenge, in the U.S. The company’s Los Angeles facility can now be operational with 36 workstations. These facilities...
1Jul2011 | vitalstocks | 0 comments | Continued