Briefing.com: Hourly In Play (R) – 17:00 ET
Aug 10, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)
Updated: 10-Aug-10 17:00 ET
16:52
WOOF VCA Antech reports revised Q2 2010 results to reflect additional non-cash SG&A accruals; reaffirms 2010 EPS (20.62 -0.08)
Co reported revised financial results for Q2 to reflect an incremental $14.5 mln non-cash charge primarily with respect to previously announced Consulting Agreements and SERPs entered into with the Co's senior executive officers in June 2010. Excl the charge, EPS remains at $0.44. Co reaffirms 2010 EPS; sees adjusted EPS of $1.43-1.53 vs. $1.47 Thomson Reuters consensus. Briefing.note: Co reported Q2 EPS on July 22 (Reports earnings of $0.44 per share, excluding non-recurring items, $0.05 worse than the consensus of $0.49.
16:49
AVGO Avago Tech sees 3Q10 revenue of $550 mln, no estimates, sees non-GAAP gross margin of ~50%, operating expense of ~$116 mln (22.90 -0.60)
16:42
URS URS reports EPS in-line, misses on revs; reaffirms FY10 EPS in-line, reaffirms revs in-line (41.43 -0.88)
Reports Q2 (Jun) earnings of $0.80 per share, excluding $0.04 in non-recurring items, in-line with the Thomson Reuters consensus of $0.80; revenues fell 2.1% year/year to $2.25 bln vs the $2.39 bln consensus. Co reaffirms in-line guidance for FY10, sees EPS of $3.65-3.75 vs. $3.70 Thomson Reuters consensus; reaffirms FY10 revs of $9.4-9.7 bln vs. $9.58 bln Thomson Reuters consensus.
16:41
RGNC Regency Energy announces offering of 14 mln common shares (24.76 -0.25)
16:40
STKL SunOpta beats by $0.03 (5.62 )
Reports Q2 (Jul) earnings of $0.10 per share, excluding $0.21 gain, $0.03 better than the Thomson Reuters consensus; revenues rose 9.2% year/year to $235.9 mln vs the $261.6 mln consensus.
16:33
ARCI Appliance Recycling Cntrs selected to be the turnkey provider for the Appliance Recycling Program (2.22 -0.06)
Co announced that Northern Indiana Public Service Company, a division of NiSource (NI), has selected ARCA to be the turnkey provider of refrigerator and freezer recycling services for the utility's Appliance Recycling Program. The program began on August 9, 2010. Through this program, participating utility customers who turn in operating but energy inefficient refrigerators and freezers will be eligible for a $35.00 incentive check for each qualifying appliance, with a maximum of two units per year. ARCA will perform the in-home collection of qualifying refrigerators and freezers and properly recycle the units. Together, NIPSCO and ARCA will prevent more than 95% of the recyclable materials in the old units from entering the waste stream.
16:32
RA RailAmerica reports July 2010 monthly carloads; Metallic Ores and Metals carloads increased across all regions (10.71 -0.26)
Co reported that its total freight carloads for the month ended July 31, 2010 were 73,071, up 4.7% from 69,805 in July 2010. These results exclude the discontinued Ottawa Valley Railway operation. The Co had increased shipments in July 2010 in nine out of twelve commodity groups compared to July 2009. Much of the increase was due to shipments of Metallic Ores and Metals, Chemicals and Agricultural Products.
16:32
Q Qwest announces pricing of cash tender offer for 3.50% convertible senior notes due 2025 (5.69 -0.01)
16:31
BRNC Bronco Drilling announces monthly operating results (3.99 -0.13)
Co announced operational results for the month ended and as of July 31, 2010. Utilization for the co's drilling fleet was 56% for the month of July compared to 56% for the month of June and 54% for the second quarter of 2010. The co had an average of 37 marketed drilling rigs in July compared to 37 in June and 37 for the second quarter of 2010. The average dayrate on operating drilling rigs as of July 31, 2010 was $16,715 compared to $16,515 as of June 30, 2010 and $15,926 for the second quarter of 2010. The increase in average dayrate on operating drilling rigs as of May 31, 2010, was partially due to a wage increase initiated during May for co field personnel that is contractually passed through to co's customers. The increase in average dayrate as a result of the wage increase was approximately $600 a day.
16:30
DOW Dow Chemical: Dow Corning to acquire a 49% stake in Quebec Silicon Metal Manufacturing Facility fopr $39.7 mln (25.99 -0.01) -Update-
Dow Corning Corporation has entered into an agreement to acquire a 49 percent ownership interest in Timminco Limited's silicon metal manufacturing facility in Becancour, Quebec, in a transaction estimated at $39.7 million. Dow Corning is equally owned by The Dow Chemical Company (DOW) and Corning, Incorporated (GLW).
16:30
SONO SonoSite announces Chief Financial Officer Mike Schuh to retire at the end of the year; Marcus Smith named new CFO (29.15 -0.38)
16:30
KBR KBR Inc. affiliate entered into a Broad-Based Black Economic Empowerment transaction (23.95 -0.95)
Co announced that its affiliate, Kellogg Brown and Root South Africa has entered into a Broad-Based Black Economic Empowerment (BBBEE) transaction. Following the transaction, the Kwande-Thesele consortium and a newly-formed Employee Stock Ownership Plan (ESOP) will own 25%+1 share of KBR SA in the aggregate under the terms of a long-term agreement.
16:29
RMX RMX Holdings addresses unusual market activity; co stated that its policy is not to comment on unusual market activity or rumors (2.80 +0.74)
16:27
BEE Strategic Hotels & Resorts announces appointment of Raymond L. Gellein, Jr. to Chairman (4.35 +.01)
16:24
IVZ Invesco reported preliminary month-end AUM of $580.3 bln, an increase of 4.1% m/m (19.82 0.00)
16:24
SPWRA Sunpower beats by $0.05, misses on revs; guides Q3 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (12.93 -0.55)
Reports Q2 (Jun) earnings of $0.15 per share, $0.05 better than the Thomson Reuters consensus of $0.10; revenues rose 28.4% year/year to $384.2 mln vs the $401.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.08-0.15 vs. $0.13 Thomson Reuters consensus; sees Q3 revs of $450-490 mln vs. $458.12 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $1.35-1.65 vs. $1.28 Thomson Reuters consensus; sees FY10 revs of $2.0-2.25 bln vs. $2.1 bln Thomson Reuters consensus.
16:24
GNK Genco Shipping & Trading Limited takes delivery of two Supramax vessels (17.02 -0.26)
Co has taken delivery of the Genco Pyrenees, a 2010-built Supramax vessel, and the Genco Normandy, a 2007-built Supramax vessel. The Genco Pyrenees is expected to be delivered to its charterer, Setaf Saget SAS, on or about August 12, 2010 to commence a time charter for 11-13.5 months at a rate of $19K per day... co has also reached an agreement to enter into a time charter for the Genco Normandy with STX Pan Ocean UK for ~1.5-4 months at a rate of $20K per day.
16:21
GDI Gardner Denver announced that Helen W. Cornell has informed the co of her intention to retire as Executive Vice President, Finance and CFO (52.69 -0.66)
16:19
CIMT Cimatron reported Q2 non-GAAP EPS of $0.05 vs. $0.01 in last year's quarter; Non-GAAP revs grew to 3.7% to $8.4 mln (1.373 +0.31)
16:16
AOSL Alpha and Omega Semi reports Q4 EPS of $0.37 vs. $0.19 in the same quarter last year; revs grew 45.2% YoY to $85.5 mln (13.15 -0.21)
Co guided Q1 FY11 revs in the range of $89.0-92.5 mln, representing a sequential growth of ~4-8% (No consensus).
16:14
EVEP EV Energy announces public offering of 3 mln common units (35.60 -0.71)
16:13
SYMM Symmetricom beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (5.28 -0.13)
Reports Q4 (Jun) earnings of $0.12 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.11; revenues fell 7.6% year/year to $55.7 mln vs the $55.6 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.04-0.08, excluding non-recurring items, vs. $0.11 Thomson Reuters consensus; sees Q1 revs of $50-55 mln vs. $55.75 mln Thomson Reuters consensus.
16:11
TMH Team Health Holdings beats by $0.06, reports revs in-line; acquires Morningstar Emergency Physicians (13.60 -0.03)
Reports Q2 (Jun) earnings of $0.31 per share, excluding non-recurring items, $0.06 better than the Thomson Reuters consensus of $0.25; revenues rose 3.7% year/year to $375.5 mln vs the $378.7 mln consensus. Acquisitions and same contract revenue contributed 5.5% and 2.5%, respectively, of the growth in net revenue less provision between the quarters. New contracts, net of terminations (ex-military division) contributed 0.4% of the growth. Net contract changes within the military division reduced quarter-over-quarter net revenue growth by 4.6%. Co also announces the expansion of its presence into Oklahoma and Kansas with the acquisition of the operations of Oklahoma City-based Morningstar Emergency Physicians (MEP) and its related entities. TMH will assume the management and staffing of 15 facilities totaling ~500,000 annual emergency department patient visits.
16:10
NBL Noble Energy receives government approval to develop Tamar Gas Field offshore Israel (69.00 -0.60)
Co announced that it has received government approval for the development of the 2009 Tamar gas discovery in the Mediterranean offshore Israel. Until recently, co and its partners planned to develop Tamar using an option that would flow gas from the deepwater field to a new onshore receiving terminal to be constructed in the northern half of the country. Co and its Tamar partners recommended last week to Israel's Minister of National Infrastructure and the Petroleum Commissioner that a development option be considered which would utilize the existing onshore gas receiving terminal located at Ashdod. Option would involve a similar field development as the other option, but would bring the gas to a new offshore platform to be constructed next to the existing Mari-B platform and then redeliver the gas to the existing pipeline that connects Mari-B to the Ashdod onshore terminal.
16:09
DIS Walt Disney beats by $0.09, beats on revs (35.30 +0.14)
Reports Q3 (Jun) earnings of $0.67 per share, excluding non-recurring items, $0.09 better than the Thomson Reuters consensus of $0.58; revenues rose 16.4% year/year to $10 bln vs the $9.38 bln consensus. The Q2 revs from Parks and Resorts increased 3% to $2.8 bln and segment operating income decreased 8% to $477 mln. Results for the quarter were driven by decreases at domestic parks and Disney Cruise Line, partially offset by improved results at international operations.
16:08
AONE A123 Systems misses by $0.06, misses on revs (10.46 -0.40)
Reports Q2 (Jun) loss of $0.33 per share, $0.06 worse than the Thomson Reuters consensus of ($0.27); revenues rose 14.7% year/year to $22.6 mln vs the $25.5 mln consensus. "We believe we are on track to meet our primary objectives for 2010, including exiting the year with strong customer momentum, executing against our capacity expansion plans and moving into production in Michigan, the combination of which positions the company for accelerated revenue growth and improving profitability margins in 2011."
16:08
RGC Regal Entertainment announces pricing of $275 mln of 9.125% senior notes due 2018 (14.14 +0.34)
16:07
LDK LDK Solar beats by $0.14, beats on revs; guides Q3 revs above consensus; guides FY10 revs above consensus
Reports Q2 (Jun) earnings of $0.36 per share, $0.14 better than the Thomson Reuters consensus of $0.22; revenues rose 62.6% year/year to $565.3 mln vs the $458.4 mln consensus. Gross margin for the second quarter of fiscal 2010 was 18.0%, compared to 15.7% in the first quarter of fiscal 2010 and negative 90.0% in the second quarter of fiscal 2009. Co issues upside guidance for Q3, sees Q3 revs of $570-600 mln vs. $422.04 mln Thomson Reuters consensus; wafer shipments between 520 MW and 550 MW, and module shipments between 75 MW and 85 MW. Co issues upside guidance for FY10, sees FY10 revs of $1.95-2.0 bln vs. $1.59 bln Thomson Reuters consensus; wafer shipments between 1.95 GW and 2.0 GW and module shipments between 250 MW and 300 MW.
16:07
LUNA Luna Innovations initiates search for a new CEO (2.15 -0.10)
Co initiates search for a new CEO as a successor to Dr. Kent Murphy. Dr. Murphy will assume the role of Senior Strategic and Technology Advisor. Dr. Murphy will remain a member of the Board of Directors, serving in a new role as the Board's Vice Chairman.
16:06
TIER Tier Technologies names Alex P. Hart CEO; new CEO to assume responsibilities effective 8/24/2010 (5.25 -1.26)
16:06
CYPB Cypress Biosci Bioscience receives consent for BioLineRx in-license agreement (3.65 -0.03)
Co announced that it has received written notice of consent and effectiveness from the Office of Chief Scientist of the Ministry of Industry, Trade and Labor of the State of Israel regarding its previously announced in-license agreement for BioLineRx's novel antipsychotic (BL-1020, now CYP-1020), a potential breakthrough treatment for schizophrenia. The agreement, which was amended to reflect input from the OCS, will enable co to build its strategic focus on R&D. As a result of the approval, co has released the upfront payment of $30 mln from escrow to BioLineRx.
16:05
FNGN Financial Engines beats by $0.01, misses on revs; reaffirms FY10 revs guidance (15.23 -0.35)
Reports Q2 (Jun) earnings of $0.07 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.06; revenues rose 32.0% year/year to $25.6 mln vs the $25.9 mln consensus. Co reaffirms guidance for FY10, sees FY10 revs of $105-110 mln vs. $108.31 mln Thomson Reuters consensus, with non-GAAP adj. EBITDA $24-26 mln, may not compare to $26 mln consensus. AUM increased by 51% to $29.4 bln as of June 30, 2010 from $19.5 bln as of June 30, 2009. The increase in AUM was driven primarily by net new enrollment into the Professional Management service as well as by market appreciation and contributions.
16:05
CFN CareFusion beats by $0.01, beats on revs; guides FY11 EPS in-line (21.40 -0.32)
Reports Q4 (Jun) earnings of $0.38 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.37; revenues rose 19.4% year/year to $1.03 bln vs the $0 bln consensus. Co issues in-line guidance for FY11, sees EPS of $1.58-1.68, excluding non-recurring items, vs. $1.62 Thomson Reuters consensus. Co expects revenues to grow on a percentage basis by mid single digits compared to FY10 revenue of $3.9 bln, and in line with the co's long term guidance. (FY11 Thomson Reuters revs consensus is $4.1 bln.)
16:04
AFL AFLAC to increase quarterly cash dividend by 7.1%, resume share repurchase as early as Q4 (51.08 -0.40)
16:04
DPM DCP Midstream announces public offering of 2.6 mln shares (33.83 -0.29)
16:03
STRI STR Holdings beats by $0.10, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY10 EPS above consensus, revs above consensus (25.81 +0.84)
Reports Q2 (Jun) earnings of $0.44 per share, ex-items, $0.10 better than the Thomson Reuters consensus of $0.34; revenues rose 62.2% year/year to $96.7 mln vs the $91 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.32-$0.37 vs. $0.29 Thomson Reuters consensus; sees Q3 revs of $85-$93 mln vs. $80.79 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $1.35-$1.45 vs. $1.22 Thomson Reuters consensus; sees FY10 revs of $345-$360 mln vs. $335.97 mln Thomson Reuters consensus.
16:02
MFI MicroFinancial announces stock repurchase program to repurchase up to 250K shares (4.00 +0.01)
16:02
SRX SRA Intl wins $100 mln contract with Department of Defense (21.99 -0.49)
16:02
CREE Cree beats by $0.04, reports revs in-line; guides Q1 EPS above consensus, revs below consensus (68.96 -2.63)
Reports Q4 (Jun) earnings of $0.55 per share, $0.04 better than the Thomson Reuters consensus of $0.51; revenues rose 78.7% year/year to $264.6 mln vs the $264 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.56-0.59 vs. $0.54 Thomson Reuters consensus; sees Q1 revs of $270-280 mln vs. $283.96 mln Thomson Reuters consensus.
16:01
NAVR Navarre announces promotion of J. Reid Porter to COO (2.40 )
Co announces promotion of J. Reid Porter to COO. He has been Executive Vice President and Chief Financial Officer since 2005. With this promotion to COO, he retains the CFO position and also assumes the responsibility of leading the business operations.
15:52
SHPGY Shire Plc agrees to divest Daytrana CII to Noven Pharmaceuticals; Shire's 2010 earnings outlook unchanged (71.19 +0.78)
Co announced the divestiture of Daytrana to Noven Pharmaceuticals, Daytrana, which is approved and marketed in the US for the treatment of Attention Deficit Hyperactivity Disorder. Shire's divestiture agreement grants Noven global marketing rights for Daytrana and is effective October 1, 2010. The book value of the assets to be disposed is ~$95 million. Co's 2010 outlook of Non GAAP earnings trending towards $4.00 per ADS which was recently announced in its Q2 earnings press release is unchanged.
15:48
Events and Conferences of Interest for Tomorrow
Events and conferences of interest for tomorrow, August 11, include: AVY, CAT at Credit Suisse Group Industrial Conference; BRCM, Q, STEC, ADBE at Oppenheimer & Co. Telecommunication, Media & Technology Conference (day 2/2) Central Bank/Treasury: $24 bln 10-yr Treasury Bonds Auction at 13:00 ET
15:34
STR Questar increases quarterly dividend to $0.14/share from $0.13/share (17.05 +0.06)
15:21
DIA Dow -67 drops 70 points off afternoon rebound high -- S&P -8, Nasdaq -27 -Update- -Technical-
15:06
RHHBY Roche Hldg unit announced FDA approved increasing the length of therapy with Valcyte in adult kidney transplant patients (34.27 +0.14)
Genentech announced the FDA approved increasing the length of therapy with Valcyte (valganciclovir hydrochloride) in adult kidney transplant patients at high risk for cytomegalovirus (CMV) disease. The supplemental approval is based on data that showed longer prophylactic treatment with Valcyte reduced the incidence of CMV disease in high-risk adult kidney transplant patients from 36.8 percent (for patients who received 100 days of treatment) to 16.8 percent (for patients who received treatment for 200 days) at one year after receiving a transplanted kidney... The overall safety profile of Valcyte did not change with the extension of prophylaxis in high-risk kidney transplant patients.
14:59
RIMM NASDAQ 100 (NDX) strength & weakness- Smartphone maker (RIMM) continues to lead all percentage gainers in the index heading into today's final hour of trade -Technical-
NDX 10 Best % Performers:
RIMM, WCRX, VRSN, ATVI, CELG, DTV, LOGI, TEVA, ESRX, CEPH
NDX 10 Worst % Performers:
STX, LRCX, QGEN, DELL, NVDA, INTC, MRVL, FLEX, GRMN, KLAC
NASDAQ A/D -1225
NASDAQ TRIN +1.00
14:56
MRK Dow 30 (INDU) strength & weakness- Big Pharma names (MRK, PFE) now lead the index percentage gainers heading into today's final hour of trading -Technical-
INDU 5 Best % Performers:
MRK, PG, PFE, VZ, T
INDU 5 Worst % Performers:
INTC, AA, TRV, MSFT, HD
NYSE A/D -1150
NYSE TRIN +1.15
14:53
NVO Novo-Nordisk A/S: FDA approves 8 mg vial of NovoSeven RT for the treatment of Hemophilia A or B with inhibitors and enhanced shelf life for all vial sizes (90.12 +0.17)
14:47
SPY Dow -17 and S&P -2.3 climb all the way back near unchanged before pausing -Update- -Technical-
14:45
COMDX CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices
December corn closed 9 cents lower at $4.09 per bushel, November soybeans closed 13 cents lower at $10.22 per bushel, Dec wheat closed 17 cents lower at $7.2675 per bushel, Aug ethanol closed 0.022 lower at $1.704, October world sugar futures closed 0.83 cents higher to 18.56 cents.
14:44
GOOG Google runs to new session high of 506.00 near its 200 ema at 506.88 with its Aug peak at 508.60 (505.18 -0.17) -Update- -Technical-
14:40
SPY S&P 500 -3.8 extends recovery -Update- -Technical-
The index has reached a short term resistance noted in the 14:01 update at 1125/1126 in recent action (session/rebound high 1125.20). For this afternoon a posture above 1120/1118 is needed to keep a constructive price pattern for the bounce mode intact. Next resistance is at the highs of the last two weeks and its June peak (1128/1129, 1131).
14:39
DTE DTE Energy renewable energy agreements approved by MPSC for 2 contracts totalling 20MW (47.38 +0.05)
14:37
COMDX NYMEX Energy Closing Prices
Crude oil settled lower by $1.23 to $80.25, natural gas closed off 0.6 cents to $4.303, RBOB gasoline ended down 2.95 cents to $2.0892 and heating oil shed 2.35 cents to finish at $2.1303 (all Sept contracts).
14:29
TECHX 10-Yr Yield -TNX- drops to new 16 month low -Update- -Technical-
(Click for TNX chart).
14:23
TECHX Relative Sector Strength -Update- -Technical-
The rebound is broad based but sectors that have outperformed the S&P on this move include: Finance XLF / RKH, Silver SLV Gold Miners GDX.
14:20
GLD Gold stocks sharply higher following FOMC announcement... GLD, NEM, AEM, etc
14:19
COMDX Gold futures spike into positive territory; currently higher by $5.10 to $1207.70
14:17
Ten-year Treasury yield sees initial drop to 2.79% from 2.82% following FOMC announcement, then a sharp rally back to 2.81%
14:17
COMDX Crude oil ticks towards intraday highs following release of FOMC decision; now lower by $1.48 to $80.00
14:17
DIA Dow -39 bounces as much as 120 points off low before stalling -Technical-
14:16
SPY Initial reaction to Fed statement positive -- Dow -60, S&P -7.9, Nasdaq -29 -Update- -Technical-
14:11
MPET Magellan Petroleum provides operations update and will proceed in the near-term to spud Markwells Wood 1 (1.80 -0.03)
Co provides operations update and will proceed in the near-term to spud Markwells Wood 1. Though this drilling program is not core to the Company's long-term strategy, it is important that these wells are finally drilled.
14:01
SPY S&P 500 -12 continues to range trade modestly off the lows ahead of Fed -Update- -Technical-
The index has been on the defensive throughout and while additional pressure has not been noted, the choppy price action off the early low thus far looks corrective. Post Fed time is often very volatile with a number a intraday swings that develop no follow through. Short term levels of interest on the downside are at 1113/1111, 1106/1104 (last week's gap/retracement/congestion) and 1101/1100 (two week close low, 50 ema, psych). Initial resistances are at 1118, 1122 and 1125/1126.
13:38
MLNX Mellanox Tech Correction: At 8:32 we incorrectly attributed news to MLNX... This information has been removed (15.56 -0.56) -Update-
13:35
COMDX COMEX Metals Closing Prices
Dec gold finished lower by $2.60 to $1200.00, Sept silver closed down 6.2 cents to $18.18 and Sept copper ended off 4.15 cents to $3.3125.
13:24
SPY Stock indices weakening in recent trade with Nasdaq -43 vacillating near the morning low -- Dow -114, S&P -14 -Update- -Technical-
13:09
NFLX Netflix pushes to modest intraday highs as it nears a test of its mid June range/all-time high near $127.00-127.96 (125.37 +8.80) -Technical-
13:01
CLRT Clarient announces U.S. and European patents allowed for Mammostrat breast cancer prognostic test (3.37 -0.02)
Co announces U.S. and European patents allowed for Mammostrat breast cancer prognostic test. Mammostrat development was targeted to breast tumors which express estrogen receptor, the most commonly seen subtype of breast cancer.
12:34
JBLU Jetblue Airways reports July traffic increased 8.3% y/y on capacity increase of 8.1% (6.38 -0.12)
12:17
XLU Dow Jones Utility sets new session high of 396, slightly above two week range top/seven month high of 395 (31.22 +0.12) -Technical-
The XLU is testing a similar level/yesterday's high at 31.23 (session high 31.23) -- AEP, AES, CNP, D, DUK, ED, EIX, EXC, FE, NEE, NI, PCG, PEG, SO, WMB.
12:08
European Markets Closing Prices
European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: -0.6% Germany's DAX: -1.0% France's CAC: -1.2% Spain's IBEX: -0.9% Portugal's PSI: -0.6%
12:04
SMH Semiconductor Hldrs ETF sets minor new session low of 26.96 (26.98 -0.89) -Update- -Technical-
Support mentioned earlier is being tested at 26.95/26.89 (late July low/month long range floor, 200 ema).
11:38
COMDX Natural gas futures drop quickly to lows of the session, giving up modest gains; now lower by 1.8 cents to $4.29
11:34
MRK Seeing some intraday relative strength in the Drug sector in recent trade -- MRK, PFE, ABT, AMGN, FRX, LLY, JNJ, GSK, BMY, TEVA, SNY, NVS, NVO -Technical-
11:13
SPY Minor new rebound highs for Dow -94 and S&P -11, Nasdaq -33 has yet to confirm as Semi SMH -2.7% continues to lag -Update- -Technical-
11:06
JPM JP Morgan Chase purchased $3.5 bln portfolio of multifamily and commercial real estate loans from Citibank (C); Terms were not disclosed (39.29 -0.53)
10:43
SMH Semiconductor Hldrs ETF continues to hover slightly above early low/support (27.11 -0.77) -Update- -Technical-
The ETF has been hurt by downgrades (INTC -3.8%, AMD -5%) with it range trading modestly above the session low of 27.02 and support at 26.95/26.89 (late July low and 200 ema). Other components include: MU -2.9%, ADI -2.6%, ALTR -2.3%, AMKR -4%, BRCM -2.8%, KLAC -3.3%, LSI -5.8%, MXIM -2.6%, NSM -3.1%, NVLS -3.1%, SNDK -2.6%, TER -4.3%, TXN -2.1%, XLNX -1.8%.
10:35
VXX Global & sector ETF money flows- VIX volatility (VXX, VXZ) posting firm gains as the indexes decline; Solar Power (TAN) the weakest performing sector through today's 1st hour of trade -Technical-
The Actively Traded Leading Global & Sector ETFs:
VIX vol index- VXX +3.25%, VXZ +2.0%, US Dollar index- UUP +1.0%, US bonds & fixed income- TLT +0.50%
The Actively Traded Lagging Global & Sector ETFs:
solar power- TAN -3.25%, coal- KOL -3.0%, iShares Australia- EWA -2.75%, semis- SMH -2.75%, XSD -2.50%, IGW -2.50%, heating oil- UHN -2.75%, junior gold miners- GDXJ -2.75%, global timber- CUT -2.50%, iShares Sweden- EWD -2.50%, iShares France- EWQ -2.75%, iShares Germany- EWG -2.75%, iShares S Africa- EZA -2.50%, crude/WTI oil- OIL -2.50%, USO -2.50%, SPDRS metals & mining- XME -2.50%, China 25- FXI -2.50%
10:34
PG Procter & Gamble lone Dow gainer tests/pauses near yesterday's peak and the late July low at 60.83/60.82 -- session high 60.81 (60.71 +0.33) -Update- -Technical-
10:30
TECHX Have seen some intraday relative strength in Natural Gas -Update- -Technical-
DVN, EOG, CHK, APA, STR, WMB, NBL.
10:28
RIMM NASDAQ 100 (NDX) strength & weakness- Smartphone maker (RIMM) leads all percentage gainers in the index through today's 1st hour of trading; 96 of 100 components trade negative -Technical-
NDX 10 Best % Performers:
RIMM, BMC, DTV, ATVI
NDX 10 Worst % Performers:
QGEN, LRCX, STX, MRVL, INTC, MICC, FLEX, KLAC, GRMN, JOYG
NASDAQ A/D -1625
NASDAQ TRIN +1.35
10:26
PG Dow 30 (INDU) strength & weakness- Staple name (PG) the lone gainer in the index through today's 1st hour of trading; select Technology (INTC, MSFT) notably weak -Technical-
INDU 5 Best % Performers:
PG
INDU 5 Worst % Performers:
INTC, AA, DD, MSFT, JNJ
NYSE A/D -1920
NYSE TRIN +2.00
10:15
SPY Minor bounce for stock indices -- Dow -110, S&P -12, Nasdaq -34 -Update- -Technical-
Relative sector strength on the push off the morning low (outperforming the S&P) has been noted in Retail XRT, Consumer Staples XLP, Airline FAA, Silver SLV, Solar TAN, Utility UTIL.
10:11
HPQ Hewlett-Packard holds again near July low, edges slightly higher (42.73 +0.13) -Update- -Technical-
Noted the test of the July low (42.30) yesterday (Monday low 42.43) but little recovery was noted. A slightly higher start today evaporated but HPQ again has held above the July low (session low 42.40) with some limited upticks seen over the last 15 minutes. Important initial resistance is at 42.95/43.00.
10:05
HRLY Herley Industries announces preliminary FY10 revs of $185 mln vs. the $188.8 mln consensus (15.39 -0.25)
Co also announces backlog in excess of $187 mln at the end of FY10.
10:01
SPY Stock indices see little reaction to inventory data as they hovering slightly above the early lows -- Dow -120, S&P -13, Nasdaq -38 -Update- -Technical-
09:59
SPY S&P 500 -13 is currently at 1114 as it attempt to stabilize after slipping slightly under 1115/1113 support -- session low 1111.58 -Update- -Technical-
(Click for chart).
09:56
TECHX Opening Point Gainers/Losers -Technical-
Point Gainers: FOSL (+3.05), IT (+1.94), ZSTN (+1.46), QNST (+1.23), KIRK (+1.13), HBI (+1.00), SMG (+1.12), NFLX (+1.24)
Point Losers: GOOG (-6.05), MR (-4.38), WLT (-4.24), PEGA (-4.27), POT (-3.26), WHR (-2.94), BHP (-2.86), MA (-2.82), AAPL (-2.68), BBL (-2.58), CTRP (-2.62)
09:45
ECONX Reminder: Wholesale Inventories due out in ~15 mins at 10:00 ET
09:41
TECHX Sector Weakness -Update- -Technical-
Broad based pressure in the early going with the worst performing sectors on a percentage basis led by: Coal KOL -3%, Solar TAN -2.6%, Crude OIl USO -2.4%, Airline FAA -2.3%, Steel SLX -2.3%, Oil Service OIH -2.1%, Semi SMH -2%, Auto Parts -2%, Ag/Chem MOO -2%, Gold Miners GDX -1.9%, Silver SLV -1.8%.
09:37
SPY S&P 500 cruises through initial support, cuts the Friday-Monday rally in half at 1118 -Technical-
A more important support is at 1115/1113 which marks its 200 sma, the trendline off the July lows and Friday's low, congestion, the flat line for the year and the mid-point of the 2010 range.
09:31
USEG U.S. Energy announces initial production rate of ~1,959 BOE/D From the Sukut 28-33 #1H Well (5.08 -0.11)
Co announced the initial production rate from its Sukut 28-33 #1H well which was recently completed with Brigham Exploration Company (BEXP) in the Williston Basin of North Dakota. The Sukut 28-33 #1H well, the eleventh well completed under the Drilling Participation Agreement with Brigham, produced ~1,752 barrels of oil and 1,243 MMCF of natural gas per day or 1,959 BOE/D during an early 24-hour flow back period.
09:30
HQS HQ Sustainable Maritime Industries announces pricing of follow-on offering (4.25 )
Co announces the pricing of a follow-on public offering of 3.2 mln units at $3.6125 per unit for an aggregate of 3.2 mln shares of common stock and warrants to acquire 1.6 mln shares of common stock.
09:26
AOL AOL: ruling against AOL in favor of Advertise.com (22.61 )
09:16
DDSS Labopharm announces U.S. launch of Oleptro for treatment of major depressive disorder in adults (1.19 )
09:07
On the Wires
Crown Holdings (CCK) announced that its business unit, CROWN Bevcan Europe & Middle East, will install a second beverage can production line in its recently opened facility in Kechnec, Slovakia... Telvent (TLVT) announced the award of a contract with Isolux-Corsan, involving Enterprise Metro d'Alger as the end customer, to implement the Telvent SmartMobility Light Rail solution for the new light rail system in the Algerian city of Oran.
09:02
ERI Emrise awarded $1.1 mln contract for power systems for new ground-based, military defensive aid system (0.67 )
09:02
NABI NABI Biopharma completes third PentaStaph milestone; $8 mln payment due from GlaxoSmithKline Biologicals (5.51 )
Co announces that it has successfully completed the technology transfer of program know-how associated with the sale of the PentaStaph vaccine candidate to GlaxoSmithKline Biologicals (GSK). As a result of successfully completing this milestone, Nabi is eligible to receive $8 mln under the agreement governing Nabi's sale of PentaStaph and related assets to GSK.
09:01
IBM IBM acquires Datacap; Financial terms were not disclosed (132 )
Co announced the acquisition of Datacap, a privately-held company based in Tarrytown, NY. Datacap is a leading provider of software that enables organizations to transform the way they capture, manage and automate the flow of business information to improve business processes, reduce paper costs or manual errors and meet compliance mandates. Financial terms were not disclosed.
09:01
CPLP Capital Product Partners prices 5.5 mln common units at $8.63 per common unit (9.13 )
09:01
NGLS Targa Resources announces pricing of 6.5 mln common units at 24.80 (24.78 )
08:34
On the Wires
Digital River (DRIV) announced that it has signed a global, multi-year agreement with En Masse Entertainment. Under the agreement, which runs through 2014, Digital River will manage in-game commerce and launch an online store to support North American sales of En Masse's soon-to-be-released flagship action MMO, TERA...Castle Brands (ROX) announced that it has formed a joint venture with Drink Pie to manage the manufacturing and marketing of Travis Hasse's Original Apple Pie Liqueur, Cherry Pie Liqueur and any future line extensions of the brand... Sanmina-SCI (SANM) announced that its Lod, Israel, facility has received ISO 13485:2003 certification for the manufacture of prototypes, printed circuit board assemblies, electro-mechanical assemblies, subsystems and systems for electrical medical devices.
08:31
URS URS awarded rapid response third generation contract by Department of Defense (42.31 )
Co announced that it is one of 17 firms that has been awarded an indefinite delivery/indefinite quantity contract by the Department of Defense (DoD) to support the U.S. Army Communications-Electronics Command's Rapid Response Third Generation program. URS will compete for a broad range of defense projects through this award. The contract, which has a five-year term, has a maximum aggregate value to all 17 awardees of $16.4 bln over the full five years.
08:21
FWLT Foster Wheeler awarded contract by Daewoo Engineering Co for the design and supply of two circulating fluidized-bed steam generators in Indonesia (24.28 )
08:17
ECONX Reminder: Productivity-Prel and Unit Labor Costs data due out in ~13 mins at 8:30 ET
08:14
CBRX Columbia Labs repurchases 3.3 mln shares of common stock (1.06 )
Co repurchased 3,333,330 shares of its Common Stock, par value $0.01/share, from investment funds for which Perry Corp. or an affiliate acts as investment advisor and/or general partner at $0.90/share for an aggregate total purchase price of ~$3 mln. This transaction reduces the total issued and outstanding shares of Common Stock by about 4% from ~84.1-80.8 mln. This transaction also reduces the co's previously forecast 2010 year-end cash balance to ~$20 mln.
08:13
ANX ADVENTRX Pharma engaged Canaccord Genuity as acquisition advisor (2.03 )
Co engaged Canaccord Genuity to advise it as it seeks to expand its product candidate pipeline. To assist in evaluating potential acquisition and merger opportunities, the ADVENTRX Board of Directors has formed a Special Committee, which includes Eric K. Rowinsky and Michael M. Goldberg and is chaired by Odysseas D. Kostas.
08:11
ROYL Royale Energy has tested and completed the LoneStar Northeast Parks well and the Victor Ranch 3-9 (2.19 )
Co announces that is has tested and completed the LoneStar Northeast Parks well and the Victor Ranch 3-9, both located in the Sacramento Basin. The Northeast Parks was drilled to the Forbes Formation and tested at a stabilized rate of 1.7 million cubic feet per day on a 12/64 choke. It encountered multiple high porosity and permeable natural gas filled sands. The Victor Ranch 3-9 in the East Rice Creek tested at a stabilized rate of 1 million cubic ft. of natural gas per day on a 12/64 choke. Both wells logged additional pay zones that will be completed and produced following production from current completions.
08:09
CNC Centene acquires the Medicaid and Long-Term Care Diversion assets of Citrus Health Care; expected to be neutral to earnings in 2010 and accretive to earnings by approx $0.08-0.10/share on an annual basis. (21.92 )
Co announces that its Florida subsidiary, Sunshine State Health Plan, has signed a definitive agreement to acquire the Medicaid and Long-Term Care Diversion assets of Citrus Health Care. The acquisition of Citrus' Medicaid and Long-Term Care Diversion business lines is expected to add revenues in the range of $120-130 million on an annual basis. Including transaction costs, the company expects the acquisition to be neutral to earnings in 2010 and accretive to earnings by approximately $0.08-0.10 per share on an annual basis.
08:06
On the Wires
Wendy's/Arby's International (WEN) announces the signing of a major restaurant development agreement with Wenrus Restaurant Group Limited (WRG). The agreement calls for the development of 180 dual-branded Wendy's and Arby's restaurants over the next 10 years...Omnicell (OMCL) announced a partnership agreement to co-market Sentry Data Systems' Sentinel RCM application.
08:04
PUDA Puda Coal provides updates on coal mine consolidation projects (9.70 )
Under the Pinglu Project, co will acquire and consolidate eight thermal coal mines into five mines with approximate reserves of 163.9 mln metric tons. Importantly, the government approved an increase in post-consolidation annual production of the Pinglu Project to 3.6 mln metric tons from a pre-consolidation annual production of 1.56 mln metric tons. In early 2010, Shanxi Coal received the government's approval to consolidate four metallurgical coal mines into one large metallurgical mining operation representing total recoverable reserves of 23.7 mln metric tons. The government has approved an increase in post-consolidation annual production at the Jianhe Project from to 900,000 metric tons from a pre-consolidation annual production of 720,000 mln.
08:02
ALNY Alnylam Pharma announces U.S. allowance of a Key Tuschl III patent covering miR-155 (14.99 )
08:00
PNW Pinnacle West's principal subsidiary, APS, to develop largest solar power system on U.S. government proper (39.51 )
07:59
PNW Pinnacle West unit to develop largest solar power system on U.S. Government Property (39.51 ) -Update-
Co's Arizona Public Service Co. will own and operate a new 15-megawatt photovoltaic power plant to be built at Luke Air Force Base in Glendale, Ariz. APS has hired SunPower (SPWRA) to design and construct the solar plant, which is expected to come online in summer 2011. It will be the largest solar installation on U.S. government property.
07:56
COMDX Crude oil ticks below $80 in electronic trade to notch lows at $79.97; now off $1.47 to $80.01
07:48
SPW SPX Corp announces offering of $350 mln of senior notes due in 2017 (62.88 )
07:47
JEC Jacobs announces new contracts with est value of ~$233 mln (36.83 )
Co announces that it has received a series of new contracts: 1) construction contract est value at $109 mln and design contract est value at $9.1 mln from Alamo Regional Mobility Authority through William Brothers; 2) on-call construction management services contract est with max value of $15 mln from San Francisco Bay Area Rapid Transit; and 3) engineering services contract est value at euro 70 mln (~$100 mln) from Heurtey Petrochem.
07:46
CRU Crude Carriers announces quarterly cash dividend of $0.50/share (18.14 )
07:35
GT Goodyear Tire announced that it has commenced a public offering of $750 million aggregate principal amount of 10-year senior notes (11.10 )
07:34
WBMD WebMD Health announces commencement of tender offer to repurchase up to 3mln shares of its common stock at price of $52/share (51.34 )
07:32
YMI YM BioSciences granted Orphan Drug Designation for CYT387 (1.52 )
Co announces that the Office of Orphan Products Development of the FDA has granted Orphan Drug Designation to its highly-selective JAK1/2 inhibitor, CYT387, for the treatment of myelofibrosis.
07:31
HAST Hastings Entmt announces stock repurchase of up to $1 mln (7.20 )
07:30
RGC Regal Entertainment files for $275 mln senior notes offering (13.80 )
07:29
S&P futures vs fair value: -6.60. Nasdaq futures vs fair value: -9.50.
07:29
Asian Markets
Nikkei...9551.05...-21.40...-0.20%. Hang Seng...21473.60...-328.00...-1.50%.
07:29
European Markets
FTSE...5397.40...-13.10...-0.20%. DAX...6321.10...-30.50...-0.50%.
07:24
UMBF UMB Financial Corporation announces it has been selected by American Independence Funds to provide mutual fund accounting, administration and tax services (37.26 )
07:15
HBI Hanesbrands to acquire Gear for Sports fpr $55 mln in cash and assumption of $170 mln of debt (25.70 )
Co announced that it has entered into a definitive purchase agreement to acquire GearCo, known as Gear For Sports. The acquisition is expected to add approximately $0.20 in EPS in the first 12 months after closing, growing to approximately $0.30 EPS in the second 12 months.
07:13
CUB Cubic to provide combat training system for tactical vehicles under a new indefinite delivery/indefinite quantity contract with four option years and has a potential value of more than $100 mln (40.54 )
07:11
TDG Transdigm Group beats by $0.06, reports revs in-line; adjusts FY10 EPS to above consensus, narrows rev guidance range (56.76 )
Reports Q3 (Jun) earnings of $0.88 per share, $0.06 better than the Thomson Reuters consensus of $0.82; revenues rose 12.8% year/year to $214.2 mln vs the $214.6 mln consensus. Co adjusts guidance for FY10, now sees sees EPS of $3.20-$3.24 (vs. $3.14 Thomson Reuters consensus), up from previous range of $3.05-$3.15; now sees FY10 revs of $817-$825 mln (vs. $826.52 mln Thomson Reuters consensus), narrowed from the previous range of $804-$835 mln.
07:09
AIT Applied Industrial beats by $0.25, beats on revs; guides FY11 EPS above consensus, revs in-line (28.93 )
Reports Q4 (Jun) earnings of $0.64 per share, $0.25 better than the Thomson Reuters consensus of $0.39; revenues rose 23.1% year/year to $523 mln vs the $498.8 mln consensus. Co issues guidance for FY11, sees EPS of $1.70-1.95 vs. $1.70 Thomson Reuters consensus; sees FY11 revs of $2.05-2.25 bln vs. $2.08 bln Thomson Reuters consensus.
07:08
HSIC Henry Schein enters into $400 mln of private placement shelf facilities; calls convertible notes (54.20 )
Co enters into $400 mln of private placement shelf facilities and calls convertible notes on 8/9/2010, in accordance with the Indenture dated as of 8/9/2004. Co has notified the Trustee that the co is calling its outstanding 3.00% convertible contingent notes due 2034 for redemption on 9/3/2010. Co expects to pay $240 mln in cash and to issue approximately 780K shares of its common stock in connection with its redemption of the Convertible Notes.
07:07
SMG Scotts Miracle-Gro beats by $0.16, reports revs in-line; reaffirms FY10 EPS guidance; raises qrtrly dividend 100% to $0.25; authorizes $500 mln share repurchase (46.37 )
Reports Q3 (Jun) earnings of $2.61 per share, excluding non-recurring items, $0.16 better than the Thomson Reuters consensus of $2.45; revenues rose 0.6% year/year to $1.24 bln vs the $1.23 bln consensus. Co reaffirms guidance for FY10, sees EPS of $3.25-3.35, excluding non-recurring items, vs. $3.31 Thomson Reuters consensus, with solid mid-single digit sales growth. In addition, the co said its Board of Directors has authorized the Company to repurchase up to $500 mln of SMG common shares over the next four years. The Board also voted to increase the quarterly dividend paid to shareholders to $0.25 per share, double the current level.
07:03
VRTX Vertex Pharm says Phase 3 ILLUMINATE study supports 24-week Telaprevir-based therapy within a response-guided regimen for people with hepatitis C who had not received prior treatment (37.00 )
Co announces results from the Phase 3 ILLUMINATE study, which was designed to evaluate whether there was any benefit to extending therapy from 24 to 48 weeks in people whose hepatitis C virus was undetectable at weeks 4 and 12 of treatment. The safety and tolerability profile of the telaprevir-based regimen was consistent with results reported previously from the pivotal Phase 3 ADVANCE study.
07:01
IGOI iGo Announces acquisition of Adapt Mobile for $900,000 in cash (1.66 )
07:01
NFLX Netflix and EPIX announce exclusive internet-only deal to instantly stream EPIX movies to Netflix members (116.90 )
EPIX and NFLX announce an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix. Movies from the multi-year deal will begin streaming from Netflix on September 1 and include movies from Paramount, Lionsgate and M.G.M.
06:53
BMC BMC Software announces selection by Motorola (MOT) to enhance managed services for customers (35.97 )
06:50
OGE OGE Energy announces that it has completed the purchase of all of the project development assets needed to begin construction of the Crossroads wind farm (40.67 )
06:47
ARGN Amerigon: 2011 KIA OPTIMA to offer Amerigon heated and ventilated seat system as option (10.96 )
06:44
LAD Lithia Motors announces acquisition of Toyota (TM) store, which adds $33 mln in est annual revs (8.90 )
06:43
CFW Cano Petroleum announces departure of Steven Pully from Board of Directors and that the U.S. Fifth Circuit Court of Appeals affirmed dismissal of the Truk litigation (0.66 )
06:40
GILT Gilat Satellite announces settlement of litigation related to the termination of the 2008 merger agreementl; co to receive $20 mln (5.65 )
Co announces the signature of settlement agreements with each of Mivtach Shamir Holdings, LR GroupGores Capital Partners II, and DGB Investments, against which co had filed lawsuits in 11/2008 in connection with the termination of the Merger Agreement, dated 3/31/2008. The lawsuits were filed based on guarantees delivered by each of the defendants to cover their respective portion of the total amount of approximately $47 million. Under the terms of the settlement agreement, the defendants will pay Gilat an aggregate of approximately $20 mln.
06:40
CYPB Cypress Biosci beats by $0.06, beats on revs (3.68 )
Reports Q2 (Jun) loss of $0.05 per share, $0.06 better than the Thomson Reuters consensus of ($0.11); revenues rose 56.9% year/year to $9.1 mln vs the $8.9 mln consensus.
06:34
HYGS Hydrogenics announces strategic alliance with CommScope (CTV) (4.29 )
Co has entered into a strategic alliance with CommScope (CTV) that calls for the development and distribution of specialized fuel cell power systems and includes an equity investment in Hydrogenics. Under the terms of the agreement, CommScope and Hydrogenics will jointly develop next-generation power modules for telecom-related backup power applications, to be incorporated by CommScope in its products sold to customers worldwide. Under the agreement, CTV will purchase from co common shares in four tranches, up to a maximum of 2,186,906 shares for a maximum aggregate purchase price of $8,500,000. Upon closing of the first tranche, CommScope will own approximately 19.98% of the current issued and outstanding common shares of the company.
06:32
AMRN Amarin AMR101 pivotal phase 3 MARINE clinical trial completes patient enrollment and randomization (2.41 )
Co announces that its MARINE trial, a Phase 3 clinical trial of AMR101, has completed patient enrollment and randomization into the treatment phase of this trial. Co indicated that top line results from this trial are expected early in 2011, towards the early part of the range of guidance provided previously.
06:25
PINN Pinnacle Gas Resources shareholders approve agreement to be acquired in a cash transaction for $0.34 per share of common stock (0.33 )
06:21
YTEC Yucheng Technologies beats by $0.07, beats on revs; reaffirms FY10 EPS guidance, revs guidance (3.38 )
Reports Q2 (Jun) earnings of $0.09 per share, excluding non-recurring items, $0.07 better than the Thomson Reuters consensus of $0.02; revenues fell 10.6% year/year to $13.5 mln vs the $13.1 mln consensus. Co reaffirms guidance for FY10, sees EPS of $0.30-0.36, excluding non-recurring items, vs. $0.26 Thomson Reuters consensus; sees FY10 revs of $65.0-68.4 vs. $55.83 mln Thomson Reuters consensus.
06:21
EEE Evergreen Energy anounces one-for-twelve reverse stock split to be effective 8/20/2010 (0.1822 )
06:16
HON Honeywell aquires all shares of Sperian Protection held by Essilor International and Mrs. Ginette Dalloz at euro 117/share (43.89 )
Co announces it has acquired all of the shares of Sperian Protection held by Essilor International, Mrs. Ginette Dalloz and Societe Civile Familiale Dalloz, at a price of euro 117/share (dividend attached), in accordance with the previously announced Share Purchase Agreement. As a result of this acquisition, Honeywell now holds 28.28% of the share capital and 27.53% of the voting rights of Sperian Protection.
06:14
BPZ BPZ Energy misses by $0.02, misses on revs (4.52 )
Reports Q2 (Jun) loss of $0.04 per share, $0.02 worse than the Thomson Reuters consensus of ($0.02); revenues rose 103.6% year/year to $22.4 mln vs the $24 mln consensus. Co budgeted $200 mln in cap-ex for FY10.
19:29
CWCO Consolidated Water misses by $0.14 (11.19 -0.14)
Reports Q2 (Jun) earnings of $0.07 per share, $0.14 worse than the Thomson Reuters dual-analyst est of $0.21; revenues fell 18% year/year to $12.7 mln vs the $14.5 mln dual-analyst est.
19:26
SCG SCANA Corp: South Carolina Supreme Court issues fuling on base load review order, SCE&G nuclear project to continue as planned (39.75 +0.24)
South Carolina Electric & Gas received an opinion from the South Carolina Supreme Court reversing the decision of Public Service Commission of South Carolina to include cost contingencies and associated inflation as part of its anticipated components of capital costs under SCE&G's Base Load Review Order for its new nuclear construction project.
19:25
HPP Hudson Pacific Properties reported a net loss of $2.8 mln, compared to a net loss of $0.1 mln a year ago; revs rose 2.4% to $11.1 mln (16.60 -0.04)
19:08
NS NuStar Logistics, L.P. announces pricing of senior notes (58.70 -1.07)
Co announced that it has priced $450 mln principal amount of 4.80% senior notes due September 1, 2020. The senior notes were priced at 99.807% of par at a yield to maturity of 4.824%.
18:44
PKY Parkway Properties prices Series D preferred stock offering (16.26 +0.50)
Co announced that it has priced a public offering of 1,974,896 additional shares of its 8.0% Series D Cumulative Redeemable Preferred Stock. Upon completion of this offering, the Co will have 4,374,896 shares of 8.0% Series D Cumulative Redeemable Preferred Stock outstanding. The shares were priced at $23.757 per share equating to a yield of 8.500% (excluding accrued dividends).
18:43
EVEP EV Energy misses by $0.06, misses on revs (36.31 -0.42)
Reports Q2 (Jun) earnings of $0.50 per share, $0.06 worse than the Thomson Reuters consensus of $0.56; revenues rose 51.5% year/year to $40.9 mln vs the $49.4 mln consensus. In addition, EVEP announced it has signed an agreement to acquire oil and natural gas properties and related assets in the Mid-Continent region from Petrohawk Energy (HK) for $123 mln.
18:30
ZOLT Zoltek beats by $0.03, beats on revs (10.28 )
Reports Q3 (Jun) loss of $0.01 per share, $0.03 better than the Thomson Reuters consensus of ($0.04); revenues rose 39.9% year/year to $42.4 mln vs the $34.2 mln consensus.
18:28
PLXS Plexus confirms fire in Oradea, Romania facility (29.61 +0.19)
Co announced that a fire broke out in one of its two manufacturing buildings in Oradea, Romania. The fire occurred after production hours while the building was unoccupied. Although the fire was limited to a portion of non-production space, operations within this building will suspend until at least Thursday morning (local time) to provide sufficient time to complete a full assessment of the damage.
18:26
PNCL Pinnacle Airlines: Colgan Air releases July performance data; Colgan reportes ASM's +1.3% RPM's +63.8%, Load factor +1.6 points (5.29 -0.01) -Update-
18:25
PNCL Pinnacle Airlines reports July performance data; Co reports ASM -6.4%, RPM +0.1% Load factor -3.4 points (5.29 -0.01)
18:23
KKR reports Q2 $0.15; KKR has elected not to proceed with the proposed public offering of $500 mln in KKR common units and has applied to withdraw the related (9.89 +0.03)
Assets under management ("AUM") totaled $54.4 billion as of June 30, 2010, up from $46.9 billion as of June 30, 2009.
18:14
HON Honeywell to provide navigation control for Argentina's First Geostationary Satellite (43.89 +0.12)
Co reported that it will provide the stability equipment for Argentina's first geostationary telecom satellite in a contract worth $2.4 mln.
18:14
CTRP Ctrip.com beats by $0.02, beats on revs; guides Q3 revs in-line (42.52 )
Reports Q2 (Jun) earnings of $0.23 per share, $0.02 better than the Thomson Reuters consensus of $0.21; revenues rose 46.1% year/year to $103 mln vs the $98.9 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs growth of 35-40%, which calculates to ~$107.9-111.9 mln vs. $111.99 mln Thomson Reuters consensus.
18:11
DDR Developers Diversified Realty prices $300 mln of senior unsecured notes (11.57 +0.10)
Co announced the pricing of $300 mln of senior unsecured notes in an underwritten public offering. The offering consists of $300 mln aggregate principal amount of 7.875% notes due September 2020. The notes are being offered to investors at a price of 99.139% with a yield to maturity of 8.0%.
18:11
GSS Golden Star Resources misses by $0.02, reports revs in-line (4.43 +0.08)
Reports Q2 (Jun) earnings of $0.03 per share, $0.02 worse than the Thomson Reuters consensus of $0.05; revenues rose 30.9% year/year to $120.3 mln vs the $120 mln consensus. Co now sees FY10 gold production of 385,000/oz. with $630-650 /oz in cash costs
17:52
RTN Raytheon: U.S. Air Force Selects Raytheon's GBU-53/B for Small Diameter Bomb II Program (46.45 +0.31)
The U.S. Air Force selected RTN GBU-53/B for the Small Diameter Bomb increment II program. The $450 mln contract calls for RTN's GBU-53/B to begin engineering manufacturing development. Delivery is expected to begin in 2013 with a required assets available date in late 2014.
17:51
SPG Simon Property Group sells $900 mln of senior notes (93.67 +0.83)
The offering consists of $900.0 mln of 4.375% notes due 2021. The notes were priced at 99.605% of the principal amount to yield 4.422% to maturity. The offering is expected to close on August 16, 2010.
17:49
DST DST Systems announces private placement of indebtedness and redemption call for its Series A and B debentures (42.53 +0.92)
Co announces that it completed a private placement of indebtedness. The aggregate principal amount of the indebtedness is $370.0 mln, comprised of $40.0 million of 4.19% Series A Senior Notes due August 9, 2015, $105.0 mln of 4.86% Series B Senior Notes due August 9, 2017, $65.0 mln of 5.06% Series C Senior Notes due August 9, 2018, and $160.0 mln of 5.42% Series D Senior Notes due August 9, 2020.
17:49
LORL Loral reported Q2 ($0.66) vs. $2.48 in last year's quarter; revs rose 15.9% to $199.6 mln (50.27 +1.17)
17:47
AGM Fed Agricult Mortg reported core earnings of $0.50 vs. core earnings of $0.46 in the prior year's quarter (16.24 +0.66)
Farmer Mac's 90-day delinquencies were $56.0 mln (1.30% of the portfolio) as of June 30, 2010, down from $70.4 mln (1.64%) as of March 31, 2010, but up from $42.3 mln (0.95%) as of June 30, 2009.
17:40
GLAD Gladstone reports in-line (11.99 +0.09)
Reports Q3 (Jun) net investment income of $0.21 per share, in-line with the $0.21; revenues fell 24.9% year/year to $8.0 mln vs the $9.1 mln consensus.
17:36
GEOY GeoEye wins $3.8 bln national Geospatial-Intelligence Agency EnhancedView award (39.50 +7.30) -Update-
Co announced it won a $3.8 bln contract award from the National Geospatial-Intelligence Agency for increased commercial satellite-imaging capacity. This competitively awarded contract supports the EnhancedView program by providing products and services that will help meet the increasing geospatial intelligence needs of the intelligence community and Department of Defense.
17:30
STFC State Auto Financial to sell non-standard auto subsidiary (15.31 +0.31)
Co announced that it has agreed to sell its non-standard automobile insurance subsidiary, State Auto National, to Hallmark Insurance Company of Fort Worth, Texas. Closing is expected to occur later this year, subject to approval by regulatory authorities and satisfaction of other customary closing contingencies.
17:29
RAD Rite Aid prices offering of senior secured notes (1.05 +0.09) -Update-
Co announced the terms of an offering of $650 mln aggregate principal amount of 8.00% senior secured notes due 2020. The notes will be unsecured, unsubordinated obligations of RAD and will be guaranteed by substantially all of Rite Aid's subsidiaries. The guarantees will be secured on a senior lien basis.
17:28
UAUA United Airlines reports July 2010 operational performance (23.23 +0.91)
United Airlines reported its preliminary consolidated traffic results for July 2010. Total consolidated revenue passenger miles increased in July by 2.1% on an increase of 1.8% in available seat miles (ASMs) compared with the same period in 2009. This resulted in a reported July consolidated passenger load factor of 87.2%, an increase of 0.3 points compared to 2009. United reported a U.S. Department of Transportation on-time arrival rate of 82.9% in July.
17:24
HALL Hallmark Financial Services to acquire State Auto National Insurance Co (22.84 -0.14)
Co announced the execution of an agreement for its wholly-owned subsidiary, Hallmark Insurance, to acquire State Auto National Insurance from State Auto Financial. The purchase price for the acquisition will be $14 mln cash at closing plus an earn-out of up to $2 mln. HALL expects to fund the acquisition out of working capital.
17:23
ABK AMBAC Fincl reports Q2 ($0.20) vs. ($8.24) in last year's quarter (0.90 +0.02) -Update-
17:20
LFL LAN Airlines monthly statistics report for July 2010 (25.94 +1.10)
Co reported its preliminary monthly traffic statistics and punctuality indicators for July 2010. System passenger traffic for July increased 14.5% as capacity rose 9.9%. As a result, the Co's load factor increased 3.2 points to 79.2%. International passenger traffic accounted for ~70% of total passenger traffic.
17:18
HR Healthcare Realty reports EPS in-line, misses on revs (24.08 +0.26)
Reports Q2 (Jun) funds from operations of $0.32 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.32; revenues rose 1.9% year/year to $65.4 mln vs the $66.6 mln consensus.
17:16
FLS Flowserve receives order for pumps, seals and services from Caspian Pipeline Consortium (102.35 -0.15)
Co announced it has received a multi-million dollar order from Caspian Pipeline Consortium. The order, which was booked in the second quarter of 2010, includes mainline crude oil pumps, mechanical seals and support systems, and upgrades to existing pump units.
17:16
EXXI Energy XXI reports fiscal year-end reserves, unaudited preliminary results (17.21 +0.45)
Reserve additions replaced 385% of production, Full-year volumes rise 13% to average 21,800 BOE per day, FY10 EBITDA estimated at $284 mln, FY11 initial capital budget set at $250 mln, exploration and development program advances. The co's June 30, 2010 fiscal year-end proved reserves were estimated at 75.6 mln barrels of oil equivalent, up 42% from the 53.1 mln BOE estimated at June 30, 2009.
17:14
RPTP Raptor Pharmaceutical announces pricing of $15 mln PIPE financing (2.97 +0.01)
Co announced it has entered into a securities purchase agreement in connection with a private placement, or PIPE financing. RPTP will receive gross proceeds of approximately $15 mln resulting from the sale of 4,897,614 units at a purchase price of $3.075 per unit.
17:12
APC Anadarko announces pricing of $2.0 bln of senior notes (56.35 +0.67) -Update-
Co announced it has priced its registered public offering of $2.0 bln, 6.375% Senior Notes due 2017... co will use the net proceeds from the offering to repay ~$1.3 bln of outstanding indebtedness due December 2012 and for general corporate purposes including the refinancing of other near-term debt maturities. As a result of repaying such indebtedness with the proceeds of the offering, APC will not be entering into its previously announced $1.5 billion senior secured term loan facility.
17:09
GEOY GeoEye beats by $0.04; raises FY10 revs guidance (39.50 +7.30) -Update-
Reports Q2 (Jun) earnings of $0.46 per share, excluding gains, $0.04 better than the First Call consensus of $0.42; revenues rose 11.4% year/year to $81 mln vs the $77.5 mln consensus. Co raises FY10 revs guidance to $320-330 mln vs. $319.4 mln consensus, up from prior guidance of $310-320
17:08
LH Laboratory Corp announces $250 mln stock repurchase program (75.41 -0.09)
17:03
MR Mindray Medical beats by $0.02, misses on revs; lowers FY10 revs below consensus (32.50 +0.75)
Reports Q2 (Jun) earnings of $0.36 per share, $0.02 better than the Thomson Reuters consensus of $0.34; revenues rose 11.9% year/year to $179.2 mln vs the $186.8 mln consensus. Co lowers guidance for FY10, sees FY10 revs of $700 mln vs. $745.54 mln Thomson Reuters consensus, down from revs growth of 17% higher, which calculates to ~$741.2 mln.
17:03
FNB F.N.B. Corp and Comm Bancorp (CCBP) announce signing of definitive merger agreement (8.78 +0.28)
Co and Comm Bancorp (CCBP) jointly announce the signing of a definitive merger agreement pursuant to which co will acquire Comm Bancorp in a stock and cash transaction valued at approximately $70 mln.
17:01
SNHY Sun Hydraulics beats by $0.01, reports revs in-line; guides Q3 EPS in-line, revs below consensus (27.52 +0.58)
Reports Q2 (Jun) earnings of $0.36 per share, $0.01 better than the Thomson Reuters consensus of $0.35; revenues rose 81.5% year/year to $39.2 mln vs the $39.4 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.32-$0.34 vs. $0.33 Thomson Reuters consensus; sees Q3 revs of $37 mln vs. $38.86 mln Thomson Reuters consensus.
17:01
MDTH Medcath reports EPS in-line, misses on revs (9.47 +0.20)
Reports Q3 (Jun) earnings of $0.05 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.05; revenues rose 5.8% year/year to $131.8 mln vs the $133.9 mln consensus.
17:01
NE Noble Corp announces agreement to construct second globetrotter-class ultra-deepwater drillship (33.92 -0.51)
17:00
ZQK Quiksilver exchanges $140 mln of debt for equity (4.57 +0.09)
Co announced that it has completed a transaction with Rhone to exchange $140 mln of the outstanding principal amount of co's senior secured term loans for an aggregate of approximately 31.1 mln shares of its common stock at an exchange price of $4.50 per share.
16:56
IESC Integrated Electrical reports Q3 ($0.45) vs. $0.09, incl charges, in the prior quarter last year; revs fell 29.5% to $121.4 mln (3.75 +0.02)
16:56
AVGO Avago Tech announces change in dividend policy to pay a regular, quartely cash dividend not to exceed $0.07/share (22.90 +0.31)
16:52
WWAY Westway Group commences tender offer for ~46 mln publicly traded warrants at $0.13/warrant; offer to commence today and expire 0:00 ET, on Friday, 9/3/2010 (3.51 -0.14)
16:51
MPG MPG Office Trust misses by $0.05 (3.00 -0.11)
Reports Q2 (Jun) ($0.01) funds from operations, $0.05 worse than the Thomson Reuters consensus of $0.04; revenues fell 5.9% year/year to $107.7 mln vs the $115.2 mln consensus.
16:45
NFBK Northfield Bancorp to commence stock offering; (12.47 +0.02)
Co announced that Northfield Bancorp, a Delaware corporation, the proposed holding company for Northfield Bank, and Northfield Bancorp, MHC have received conditional regulatory approval to commence Northfield-Delaware's stock offering in connection with Northfield Bancorp, MHC's proposed second-step conversion. Northfield-Delaware is offering for sale the 56.6% ownership interest in the Company currently owned by Northfield Bancorp, MHC, which is equivalent to between $263.5 million and $356.5 million, or between 26,350,000 and 35,650,000 shares of common stock at $10.00 per share.
16:45
BEN Franklin Resources reported preliminary month-end assets under management by the co's subsidiaries of $602.9 bln July 31, 2010, compared to $570.5 bln at June 30, 2010 and $482.4 billion at July 31, 2009 (104.24 +1.54)
16:43
ELN Elan And Transition Therapeutics announce topline summary results Of Phase 2 study and plans for Phase 3 for ELND005; provides update on initiatives to further enhance balance sheet and operating performance (5.43 +0.18)
Co announced the results of a Phase 2 placebo-controlled study in 351 patients with mild to moderate Alzheimer's disease who received study drug for up to 18 months. The AD201 study did not achieve significance on co-primary outcome measures (NTB and ADCS-ACL) The study identified a dose with acceptable safety and tolerability. This dose achieved target drug levels in the cerebrospinal fluid. Co believes this dose demonstrated a biological effect on amyloid-beta protein in the cerebrospinal fluid and effects on clinical endpoints in an exploratory analysis. Based on the preponderance of evidence, and input from the experts in this field, the cos intend to advance ELND005 into Phase 3 studies. Co expects, in the near term, to retire up to approximately $500 mln in outstanding debt due to mature in November 2011 and November 2013. Co confirms its financial guidance for 2010 and expects revenues to grow over 2009, aggregate selling, general and administration and research and development expenses to be in the range of $475 mln to $525 mln, and adjusted EBITDA to be more than $150 mln. Co also expects to generate operating cash before other charges in 2010, and updated its expectation to end 2010 with cash and investments approaching $400 mln, after the debt repayments referred to above, and assuming that the previously announced agreement in principle with the government in relation to Zonegran is finalized and the settlement paid this year.
16:42
YHOO Yahoo! prevails in Eastern District Texas in bright response patent case (14.40 +0.06)
16:41
NOVL Novell lowers Q3 revs guidance, below consensus (6.01 -0.07)
Co lowers Q3 revs to $197-199 mln vs. $207.1 mln Thomson Reuters consensus, down from previous guidance of $205-210 mln. Non-GAAP operating margin for Q3 of FY10 currently is expected by NOVL to be between 13-15%, compared to previous guidance of ~15%. NOVL's revised guidance reflects what the co believes is customer uncertainty associated with the Novell Board of Directors' ongoing review of various alternatives to enhance stockholder value as described in Novell's March 20, 2010 press release.
16:41
SYUT Synutra beats by $0.01, beats on revs (12.72 -4.69) -Update-
Reports Q2 (Jun) earnings of $0.19 per share, $0.01 better than the Thomson Reuters dual-analyst est of $0.18; revenues rose 77% year/year to $83.8 mln vs the $79.6 mln dual-analyst est.
16:38
GNK Genco Shipping & Trading beats by $0.07, beats on revs (17.28 +0.05)
Reports Q2 (Jun) earnings of $1.16 per share, $0.07 better than the Thomson Reuters consensus of $1.09; revenues rose 12.4% year/year to $105.3 mln vs the $102.1 mln consensus.
16:38
PEGA Pegasystems misses by $0.06, misses on revs; guides FY10 EPS above consensus, revs below consensus (29.65 -0.15)
Reports Q2 (Jun) earnings of $0.10 per share, $0.06 worse than the Thomson Reuters consensus of $0.16; revenues rose 28.9% year/year to $82.2 mln vs the $85 mln consensus. Co issues mixed guidance for FY10, sees EPS of $1.02 vs. $0.84 Thomson Reuters consensus; sees FY10 revs of $348 mln vs. $354.94 mln Thomson Reuters consensus.
16:37
MDR McDermott misses by $0.11, misses on revs (13.83 +0.25)
Reports Q2 (Jun) earnings of $0.32 per share, $0.11 worse than the Thomson Reuters consensus of $0.43; revenues fell 14.8% year/year to $1.33 bln vs the $1.43 bln consensus.
16:36
TCRD THL Credit misses by $0.01 (12.09 +0.09)
Reports Q2 (Jun) net investment income of $0.04 per share, $0.01 worse than the Thomson Reuters consensus of $0.05. THL Credit anticipates that substantially all of the net proceeds from its IPO will be invested by March 31, 2011.
16:36
BBBB Blackboard beats by $0.02, beats on revs; guides Q3 EPS below consensus, revs above consensus; guides FY10 EPS below consensus, revs above consensus (37.39 +0.03)
Reports Q2 (Jun) earnings of $0.40 per share, $0.02 better than the Thomson Reuters consensus of $0.38; revenues rose 16.9% year/year to $107.7 mln vs the $106.6 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.40-$0.47 vs. $0.51 Thomson Reuters consensus; sees Q3 revs of $118.6-$122.6 mln vs. $117.82 mln Thomson Reuters consensus. Co issues mixed guidance for FY10, sees EPS of $1.48-$1.62 vs. $1.81 Thomson Reuters consensus; sees FY10 revs of $441.4-$449.4 mln vs. $440.00 mln Thomson Reuters consensus.
16:34
CODI Compass Group misses by $0.04, beats on revs (15.15 +0.34)
Reports Q2 (Jun) loss of $0.04 per share, $0.04 worse than the Thomson Reuters consensus of ($0.00); revenues rose 40.6% year/year to $404.3 mln vs the $364.6 mln consensus.
16:34
CLP Colonial Properties announces redemption of all ~4 mln 8 1/8% Series D Cumulative Redeemable Preferred Shares (16.68 +0.51)
Co announces that it has authorized the redemption of all of its outstanding 4,004,735 Depositary Shares, each representing 1/10th of an 81/8 percent Series D Cumulative Redeemable Preferred Share, CUSIP 195872403. The redemption date is 9/10/ 2010 and the redemption price will be $25.00/Series D Depositary Share plus accrued and unpaid dividends for the period from 8/1/2010 through and including the redemption date, for an aggregate redemption price per Series D Depositary Share of $25.2257. The redemption price will be paid by the company from the proceeds of sales of shares of its common stock through the company's recently completed $100 million at-the-market program.
16:34
NGLS Targa Resources announces $250 mln offering of unsecured senior notes due 2018 (25.61 -0.91)
16:33
KALU Kaiser Alum acquires Nichols wire facility; terms not disclosed (41.20 +0.30)
16:33
WAC Walter Investment Mgmt reports 2Q10 net income per share of $0.32 vs. $0.32 Thomson Reuters consensus; interest income decreased 6.2% y/y to $41.8 mln (17.87 +0.20)
16:31
ENS Enersys awarded $39 mln in contracts for submarine batteries with five navies worldwide (24.63 +0.43)
16:30
ARRY Array Biopharma beats by $0.02, beats on revs (3.30 +0.06)
Reports Q2 (Jun) loss of $0.30 per share, $0.02 better than the Thomson Reuters consensus of ($0.32); revenues rose 227.3% year/year to $18 mln vs the $16.1 mln consensus.
16:30
CPST Capstone Turbine reports in-line, misses on revs (0.95 -0.02)
Reports Q1 (Jun) earnings of ($0.04) per share, excl benefit, in-line with the First Call consensus of ($0.04); revenues rose 18% year/year to $16.1 mln vs the $17.6 mln consensus.
16:28
TTGT Techtarget beats by $0.02, reports revs in-line; guides Q3 revs in-line (5.75 +0.13)
Reports Q2 (Jun) earnings of $0.09 per share, $0.02 better than the Thomson Reuters consensus of $0.07; revenues rose 15.7% year/year to $25.1 mln vs the $24.9 mln consensus. Total Q2 2010 gross profit margin increased to 76% compared to 71% for Q2 2009. Co issues in-line guidance for Q3, sees Q3 revs of $22.1-23.1 mln vs. $24.21 mln Thomson Reuters consensus. The Company is re-affirming the following annual guidance that it provided on May 10, 2010. The Company expects the annual online growth rate to be in the mid-teens and, based on running less multi-day events in 2010, for events revenue to decline between 15% and 20%. The Company expects annual adjusted EBITDA margins of 19% to 23%.
16:27
PZN Pzena announces $14 bln assets under management as of 7/31/2010 vs $13.1 bln as of 6/30/2010 and $11.6 bln as of 7/31/2009 (7.08 +0.13)
16:26
CUZ Cousins Prop reports FFO in-line, beats on revs (7.19 +0.16)
Reports Q2 (Jun) funds from operations of $0.10 per share, in-line with the Thomson Reuters consensus of $0.10; revenues rose 8.5% year/year to $52.6 mln vs the $37.4 mln consensus.
16:26
CVG Convergys misses by $0.03, misses on revs; guides FY10 EPS in-line (10.11 -0.01)
Reports Q2 (Jun) earnings of $0.19 per share, excluding non-recurring items, $0.03 worse than the Thomson Reuters consensus of $0.22; revenues fell 13.4% year/year to $528 mln vs the $534.7 mln consensus. Co issues in-line guidance for FY10, sees EPS of $0.95-1.05 vs. $0.99 Thomson Reuters consensus. Customer Management revenue of $1.8 billion to $1.85 billion and Information Management revenue to approximate $350 million.
16:26
RRD RR Donnelley & Sons awarded a multi-year agreement to provide enterprise-wide promotional and marketing collateral materials to Eisai (18.05 +0.50)
16:26
GNMK GenMark Diagnostics reports EPS in-line, beats on revs (4.50 +0.00)
Reports Q2 (Jun) loss of $0.60 per share, in-line with the Thomson Reuters consensus of ($0.60); revenues rose 160.0% year/year to $0.7 mln vs the $0.4 mln consensus.
16:25
NGLS Targa Resources announces a 6.5 mln share common unit offering (25.61 -0.90) -Update-
16:24
SLXP Salix Pharma beats by $0.03, reports revs in-line (42.81 +1.43)
Reports Q2 (Jun) earnings of $0.13 per share, $0.03 better than the Thomson Reuters consensus of $0.10; revenues rose 79.3% year/year to $93.8 mln vs the $93.6 mln consensus.
16:21
TAST Carrol's Restaurant Group reports EPS in-line, revs in-line (5.09 +0.07)
Reports Q2 (Jun) earnings of $0.22 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.22; revenues rose 0.3% year/year to $204.5 mln vs the $203.9 mln consensus. Co sees comparable sales for Pollo Tropical are now expected to increase 3% to 5% for the full year and Taco Cabana comparable sales are expected to be flat for the full year; Comparable sales for Burger King, which decreased 3.9% in the first half of 2010, could improve in the second half of the year but will likely still be negative for the full year.
16:21
VNR Vanguard Natural Resources enters into equity distribution agreement of up to $60 mln (24.74 -0.13)
16:19
IT Gartner beats by $0.02, beats on revs; guides FY10 EPS in-line, revs in-line; announces new buyback (25.56 +0.29)
Reports Q2 (Jun) earnings of $0.24 per share, $0.02 better than the Thomson Reuters consensus of $0.22; revenues rose 16.4% year/year to $314.2 mln vs the $306.6 mln consensus. Co raises guidance for FY10, sees EPS of $0.99-1.11 vs. $1.04 Thomson Reuters consensus; sees FY10 revs of $1.256-1.296 bln vs. $1.27 bln Thomson Reuters consensus. Gartner also announced that its board of directors has authorized the use of up to $500 million for the repurchase of its common stock.
16:19
GA Giant Interactive reports EPS in-line, misses on revs; sees Q3 revs growth (6.77 -0.01)
Reports Q2 (Jun) ADS of $0.12 per share, in-line with the Thomson Reuters consensus of $0.12; revenues fell 11.1% year/year to $47.4 mln vs the $48.4 mln consensus. "We expect continued top-line growth in Q3 2010 as our current games gain further traction among their respective target audiences, with additional support from our pipeline games following their commercial launches in the coming quarters."
16:18
QNST QuinStreet beats by $0.06, beats on revs (10.01 -0.06)
Reports Q4 (Jun) earnings of $0.24 per share, $0.06 better than the Thomson Reuters consensus of $0.18; revenues rose 30.5% year/year to $88.5 mln vs the $85.5 mln consensus. Revenue for the Financial Services client vertical was $38.7 million for the fiscal fourth quarter, an increase of 76% as compared to the same quarter of fiscal 2009. "We remain confident in our long-term guidance of 15-20% annual growth and 20% EBITDA margins, and we expect to meet or exceed those rates of growth and profitability in the coming year."
16:16
CPLP Capital Product Partners announces offering of 5.5 mln common units and intention to acquire MR Tanker M/T Assos for $43.5 mln (9.13 +0.21)
Co announces that it plans to offer 5.5 common units representing limited partnership interests in a public offering. The Partnership expects to grant the underwriters a 30-day option to purchase an additional 825K common units to cover over-allotments, if any. The Partnership expects to use the net proceeds from the public offering to acquire the M/T Assos (renamed M/T Insurgentes), a medium range product tanker vessel, from its sponsor Capital Maritime & Trading Corp and for general partnership purposes. The Partnership intends, subject to the successful completion of the offering, to acquire the M/T Assos from Capital Maritime for a purchase price of $43.5 million.
16:16
DTSI DTS beats by $0.01, beats on revs; guides FY10 EPS in-line, revs in-line (37.00 +0.37)
Reports Q2 (Jun) earnings of $0.09 per share, $0.01 better than the Thomson Reuters consensus of $0.08; revenues fell 27.4% year/year to $17.5 mln vs the $17.1 mln consensus. Co issues in-line guidance for FY10, sees EPS of $0.75-$0.80 vs. $0.79 Thomson Reuters consensus; sees FY10 revs of $81-$84 mln vs. $83.32 mln Thomson Reuters consensus.
16:16
CVA Covanta names Sanjiv Khattri as CFO and Executive VP (15.22 +0.07)
16:15
MBI MBIA Inc beats by $6.94 (9.19 )
Reports Q2 (Jun) earnings of $6.32 per share, excluding non-recurring items, $6.94 better than the Thomson Reuters consensus of ($0.62). MBIA Inc.'s Adjusted Book Value (ABV), a non-GAAP measure, was $35.76 per share at June 30, 2010 compared with $36.01 per share at March 31, 2010. Subsequent to the end of the second quarter, MBIA Corp. reached an agreement with a CDS counterparty for the commutation of three multi-sector CDO-squared transactions. The agreement eliminated $4.4 billion in gross insured exposure in exchange for a one-time payment by MBIA Corp. of $72 million. The impact of the $72 million payment, which is $34 million after reinsurance, will be reflected in the Company's results for the third quarter of 2010. "In the second quarter, we saw both our paid losses and new delinquencies on insured RMBS exposures continue to decline," said MBIA Inc. President and Chief Financial Officer Chuck Chaplin. "In addition, more market participants are recognizing that many of the loans in these securitizations should never have been in them in the first place, and that the seller/servicers must repurchase them. After the quarter's close, we reduced our exposure to multi-sector CDO-squareds by about 50 percent, and settled a small portion of outstanding putback receivables. The net incurred loss on insured exposures demonstrates that credit stress continues to be a reality, but the volatility of losses appears to be declining."
16:15
SF Stifel Financial misses by $0.01 (46.89 +0.71)
Reports Q2 (Jun) earnings of $0.69 per share, excluding non-recurring items, $0.01 worse than the Thomson Reuters consensus of $0.70.
16:14
LTC LTC Properties announces redemption of 8.5% Series E Cumulative Convertible Preferred Stock and 40% redemption of 8.0% Series F Cumulative Preferred Stock (25.25 +0.28)
16:14
MYRG MYR Group reports EPS in-line, misses on revs (16.05 +0.40)
Reports Q2 (Jun) earnings of $0.16 per share, in-line with the Thomson Reuters consensus of $0.16; revenues fell 13.9% year/year to $140.3 mln vs the $163 mln consensus.
16:14
ERES eResearchTech reports Q2 (Jun) results, beats on revs; guides FY10 EPS in-line, revs in-line (8.25 +0.17)
Reports Q2 (Jun) GAAP earnings of $0.02 per share, may not be comparable to the Thomson Reuters consensus of $0.02; revenues rose 20.2% year/year to $29.1 mln vs the $25.4 mln consensus. Co issues guidance for FY10, sees GAAP EPS of $0.16-0.21, may not compare to $0.23 Thomson Reuters consensus; sees FY10 revs of $135-140 mln vs. $108.52 mln Thomson Reuters consensus.
16:11
CPK Chesapeake Utilities's subsidiary purchases the natural gas assets of Indiantown Gas Company (33.74 +0.99)
16:10
ASEI American Science & Engineering misses by $0.29, misses on revs (80.75 +1.62)
Reports Q1 (Jun) earnings of $0.74 per share, $0.29 worse than the Thomson Reuters consensus of $1.03; revenues fell 1.7% year/year to $53.6 mln vs the $65.2 mln consensus.
16:10
AIG American Intl unit announces offering of $2.5 bln Senior Secured Notes (41.63 +0.67)
International Lease Finace Co, a wholly-owned subsidiary of AIG, announces that it intends to offer up to $900 mln aggregate principal amount of senior secured notes due 2014, $800 mln aggregate principal amount of senior secured notes due 2016 and $800 mln aggregate principal amount of senior secured notes due 2018. ILFC plans to use the net proceeds from the sale of the senior secured notes to repay a portion of its outstanding secured loans from AIG Funding, Inc. The notes will be the senior secured obligations of ILFC and will be guaranteed on a senior secured basis by certain of ILFC's wholly owned subsidiaries.
16:08
LOPE Grand Canyon Education beats by $0.03, beats on revs; guides Q3 EPS below consensus, revs in-line; guides FY10 EPS, revs in-line (20.17 -0.61)
Reports Q2 (Jun) earnings of $0.27 per share, $0.03 better than the Thomson Reuters consensus of $0.24; revenues rose 55.0% year/year to $97.5 mln vs the $94 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.28-0.30 vs. $0.32 Thomson Reuters consensus; sees Q3 revs of $101-103 mln vs. $102.17 mln Thomson Reuters consensus, with enrollment +29-32%. Co issues in-line guidance for FY10, sees EPS of $1.22-1.28 vs. $1.24 Thomson Reuters consensus; sees FY10 revs of $403-408 mln vs. $403.36 mln Thomson Reuters consensus, with enrollment of 47-49K.
16:08
IPAR Inter Parfums beats by $0.01, reports revs in-line; raises FY10 EPS and revenue guidance, but still below Thomson Reuters consensus (18.66 +0.25)
Reports Q2 (Jun) earnings of $0.18 per share, $0.01 better than the Thomson Reuters consensus of $0.17; revenues rose 21.7% year/year to $107.8 mln vs the $107.8 mln consensus. Co issues raises guidance for FY10, sees EPS of $0.82 vs. $0.83 Thomson Reuters consensus; sees FY10 revs of $445 mln vs. $453.58 mln Thomson Reuters consensus.
16:08
TWTC Time Warner Tcom beats by $0.01, reports revs in-line (19.53 +0.19)
Reports Q2 (Jun) earnings of $0.10 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.09; revenues rose 5.2% year/year to $316.8 mln vs the $315 mln consensus. "Contributing to our revenue results was another quarter of very low churn, and the impact of growing customer installations. Our 'bookings,' or sales, for the first half of this year outpaced the same period last year by nearly 25%, demonstrating the momentum in the business and included some large customer wins. We expect the majority of the revenue associated with these large deals late this year and into the first half of next year."
16:08
ALC Assisted Living Concepts reports EPS in-line, revs in-line; extends and expanded share repurchase program authorizing up to $15 mln (31.97 +0.45)
Reports Q2 (Jun) earnings of $0.39 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.39; revenues rose 2.8% year/year to $58.3 mln vs the $58.6 mln consensus. Co's Board of Directors extended and expanded its share repurchase program by authorizing the purchase of up to $15 mln in Class A common stock through August 9, 2011.
16:06
NUAN Nuance Communications beats by $0.01, misses on revs
Reports Q3 (Jun) earnings of $0.30 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.29; revenues rose 16.8% year/year to $293.4 mln vs the $300.4 mln consensus.
16:06
LGF Lions Gate Entertainment misses by $0.57, misses on revs (6.58 +0.10)
Reports Q1 (Jun) loss of $0.54 per share, $0.57 worse than the Thomson Reuters consensus of $0.03; revenues fell 13.9% year/year to $326.6 mln vs the $404.3 mln consensus, due primarily to the deconsolidation of TV Guide Network revenue, timing of television deliveries, decline in Mandate Pictures revenue compared to a record quarter last year as well as a decline in home entertainment revenue attributable to the smaller theatrical slate in fiscal 2010.
16:05
CWBC Community West Bancshares completes $8.1 mln sale of 9% Convertible Subordinated Debentures; proceeds to strengthen capital position and support strategic growth (2.67 0.00)
16:05
RAX Rackspace reports EPS in-line, revs in-line (19.48 +0.17)
Reports Q2 (Jun) earnings of $0.08 per share, in-line with the Thomson Reuters consensus of $0.08; revenues rose 23.2% year/year to $187.3 mln vs the $186.8 mln consensus. "With the first two quarters of the year completed, we feel optimistic that we will deliver on our financial goals for 2010. As we look out toward the last two quarters, we remain focused on growing revenue while maintaining our urrent margin profile. For the full year of 2010, the company continues to expect total capital expenditures of $185 to $235 million.
16:04
MDVN Medivation beats by $0.15, misses on revs (9.53 +0.21)
Reports Q2 (Jun) loss of $0.21 per share, $0.15 better than the Thomson Reuters consensus of ($0.36); revenues fell 3.3% year/year to $15.8 mln vs the $16.4 mln consensus; Revenue for the second quarter of 2010 was $15.8 million, consisting of partial recognition of the non-refundable up-front payments of $225.0 million received from Pfizer in the fourth quarter of 2008 and $110.0 million received from Astellas in the fourth quarter of 2009. Medivation currently expects that total operating expenses for 2010, net of cost-sharing payments from Pfizer and Astellas, will be between $95 and $105 million, down from prior guidance of between $105 and $115 million. The revised forecast includes approximately $13.0 million of non-cash stock-based compensation expense.
16:02
CCO Clear Channel Outdoor misses by $0.05, misses on revs (11.87 +0.22)
Reports Q2 (Jun) loss of $0.03 per share, $0.05 worse than the Thomson Reuters consensus of $0.02; revenues rose 1.3% year/year to $701.4 mln vs the $709.8 mln consensus. "Looking ahead, we remain optimistic about our growth prospects for the full year, given the strong trends that have continued into the current quarter. We are focused on driving ongoing innovation across our platform and maximizing our ability to deliver results for our advertising partners. As the global advertising market continues to recover, we believe we are well positioned to grow and generate increased cash flow from our operations to the benefit of our shareholders."
16:02
CWH CommonWealth REIT enters new $750 mln unsecured revolving bank credit facility, replacing previous bank facility of the same amount (25.79 -0.18)
16:00
WLL Whiting Petroleum announces redemption of all its 7 1/4% Senior Subordinated Notes due 2012 and all its 7 1/4% Senior Subordinated Notes due 2013 (92.94 +1.28)
Co announces that it will redeem all of its $150 mln aggregate principal amount of 7 1/4% Senior Subordinated Notes due 2012 at a redemption price equal to 100.00% of the principal amount thereof and all of its $220 mln aggregate principal amount of 7 1/4% Senior Subordinated Notes due 2013 at a redemption price equal to 101.8125% of the principal amount thereof. The redemption dates for both the 2012 Notes and the 2013 Notes will be 9/8/2010. In each case, holders of the Notes will also receive accrued and unpaid interest up to but not including the redemption date. Whiting intends to finance the redemption of the Notes with borrowings under its credit agreement. As a result of the redemption of the Notes, Whiting expects to incur in the third quarter of 2010 a cash charge of approximately $4 mln related to the redemption premium for the 2013 Notes and a non-cash charge of ~$3.1 mln related to the acceleration of unamortized debt issuance costs.
16:00
TSTF TeamStaff 's CFO Cheryl Presuto resigns effective 8/27/2010 to pursue another career opportunity (0.68 +0.03)
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NHC Announces Stock Repurchase from the 1818 Fund II, L.P.
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