Sempra Energy SRE first-quarter profit rose to $258 million, or $1.07 a share, from $106 million. () is trading at a price of $1.69,a dramatic change of 0.06 with % change of 3.68 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 55.97M. First-quarter 2010 earnings included an after-tax charge of $96 million, or $0.38 per diluted share, related to a litigation settlement. Jefferies upgraded shares of Sempra Energy in a research note to investors.
Inmarsat PLC ISAT posted a 15% rise in first-quarter revenue for the group as a whole was $323.9 million, compared with average analyst expectations, according to Factset, of $325.4 million.
Tenet Healthcare Corp. THC rejected a third buyout proposal from Community Health Systems Inc.. “We believe that Community Health's latest proposal does not reflect our current financial position, our 2011 Outlook, and our positive future growth prospects,” said Tenet Chief Executive Trevor Fetter, in a statement.
Standard & Poor's lowered its credit rating on Greece to B from BB-minus due to concerns that euro-zone officials are looking to extend the debt payment maturities of the European Commission's portion of the nation's 110 billion-euro bailout.
Sysco Corp. SYY third-quarter profit rose 4.4% on higher prices and volume, quarter ended April 2, Sysco reported a profit of $258.5 million, or 44 cents a share, up from 247.6 million, or 42 cents a share, a year earlier.
Louisiana-Pacific Corporation LPX first-quarter loss of $23 million, compared with a year-earlier loss of $22.5 million. Gross margin widened to 11.1% from 9.8%.
Oncothyreon Inc.'s ONTY shares rose almost 12% after the cancer-treatment developer late Friday reported its first-quarter results.
Trimble Navigation Ltd.'s TRMB shares gained 9.4% after the maker of global-positioning equipment offered $485 million to acquire Finnish software firm Tekla Oyj.
Nvidia Corp. NVDA said it has agreed to buy Icera, which develops baseband chips for cell phones and tablets for $367 million.
Netflix NFLX is working on push into Latin America and is said to be close to announcing deals with three of the biggest broadcasters in the region.
Quicksilver Resources KWK reported Q1 EPS of $0.02, ex-items, missing consensus estimates of $0.03 per share. Revenues for the quarter fell 4.5% year-over-year to $212.2 million, topping consensus estimates of $193.9 million.
GTx GTXI is trading at a price of $5.50, reported a Q1 loss of $0.05 per share, ahead of consensus estimates for a loss of $0.13 per share. Revenues fell 83.6% year-over-year to $9.3 million.Mitchell S. Steiner, MD, CEO of GTx said, “We have made strong progress in both the Ostarine and Capesaris clinical development programs. The indication we will pursue for Ostarine is the prevention and treatment of muscle wasting in patients with non-small cell lung cancer. We expect to initiate two pivotal Phase III clinical trials in the third quarter.”
Analysts Upgraded/Downgrade:
RBC Capital RY upgraded shares of Manulife Financial MFC from a “sector perform” rating to an “outperform” rating. Piper Jaffray PJC downgraded shares of The Warnaco Group, Inc. WRC from an “overweight” rating to a “neutral” rating. Brigantine downgraded shares of Dolby Labs DLB from a “buy” rating to a “hold” rating. Morgan Stanley MS upgraded shares of Hess Corp HES from an “equal weight” rating to an “overweight” rating.
SPECIAL DISCOUNT- SUBSCRIBE to CEOWORLD Magazine Digital Magazine & SAVE UP TO 80% OFF. Reaching more than 85,000 Chief Executive Officers and decision making executives who serve on the boards of leading companies. SUBSCRIBE NOW!!!
Robert W. Baird upgraded shares of Triangle Capital Cor TCAP from a “neutral” rating to an “outperform” rating. Ardour Capital downgraded shares of Westinghouse Solar WEST from a “buy” rating to a “hold” rating. Wells Fargo & Co. WFC upgraded shares of Equinix, Inc. EQIX from a “market perform” rating to an “outperform” rating. UBS AG UBS upgraded shares of Deutsche Lufthansa AG DLAKY from a “neutral” rating to a “buy” rating. Wells Fargo & Co. WFC upgraded shares of Natural Resource NRP from a “market perform” rating to an “outperform” rating.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
