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Stocks To Watch For September 2 (DLM, SAI, HRB, HOV, HOTT)
Thursday, September 2, 2010 - 5:45am | 281Some of the stocks that may grab the investor focus today are: Wall Street expects Del Monte Foods Co (NYSE: DLM) to post its FQ1 EPS at $0.26. DLM’s shares gained 1.06% to $13.30 in after-hours trading. After yesterday's closing bell, SAIC Inc (NYSE: SAI) posted its Q2 net income at $0.50 per...
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Fast Money Picks For September 2nd (FXE, RIG, CME, CZZ, BRCD)
Wednesday, September 1, 2010 - 7:39pm | 227CNBC Fast Money's Steve Cortes said on the show that he likes CurrencyShares Euro Trust (NYSE: FXE), because U.S. dollar will struggle as resources start to recover. CurrencyShares Euro Trust (FXE) gained 1.04% today, and closed at $127.56. Tim Seymour is a buyer of Transocean LTD (NYSE: RIG). He...
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Has Tyson's Pull-Back Created an Opportunity?
Wednesday, September 1, 2010 - 4:40pm | 96The shares of food producer Tyson Foods (NYSE: TSN), first discussed on May 11, 2009 at a price of $12.35, have meandered this summer, but that sideways action does not change the positive story, and I obviously still like the shares here. Tyson's 2010 revenue should increase about 3-4% as food...
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Farmer Bros. Board Declares Dividend of $.115, Announces Stockholder Meeting (FARM)
Wednesday, September 1, 2010 - 4:10pm | 81Farmer Bros. Co. (Nasdaq: FARM) announced that on August 26, 2010 its Board of Directors declared a regular dividend of $0.115 per share, payable on November 8, 2010 to shareholders of record on October 22, 2010. The Company’s Board of Directors also announced that the 2010 Annual Stockholders...
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Heinz Reports In Line - Analyst Blog
Wednesday, September 1, 2010 - 1:33pm | 406H.J. Heinz Co. (HNZ) posted robust earnings of 75 cents per share for the first quarter of fiscal 2011. The result was in line with the Zacks Consensus Estimate but came in ahead of the 68 cents per share recorded in the year-ago quarter. Profits were driven by strong performances in Emerging...
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Company News for September 1, 2010 - Corporate Summary
Wednesday, September 1, 2010 - 1:03pm | 726• Joy Global (NASDAQ: JOYG) reported fiscal third quarter earnings ten cents higher than estimated at $1.13, on a 11.1% revenue decline to $850 million, off projections of $877 million • PerkinElmer (NYSE: PKI) agreed to sell its illumination and detection solutions business to a private equity...
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Citigroup Earnings Preview For Cambell Soup (CPB)
Wednesday, September 1, 2010 - 12:33pm | 108Cambell Soup Company (CPB) is scheduled to report its F4Q10 earnings on Friday, September 3rd. According to Citigroup analysts, "The fourth quarter represents a seasonally slow period for CPB as soup is out of season and thus typically represents only 10%-15% of CPB's full year earnings." Citi is...
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Play Ketchup With Heinz (HNZ)
Wednesday, September 1, 2010 - 9:24am | 220H.J. Heinz (NYSE: HNZ) reported stronger than expected earnings this morning, and investors may like the taste of it in their portfolio. The maker of ketchup reported first-quarter earnings rose to $240.4 million, or 75 cents a share, from $212.6 million, or 67 cents a share, in the year-ago period...
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Calavo Growers, Inc. Posts Record Fiscal Third Quarter Results
Wednesday, September 1, 2010 - 9:05am | 233Calavo Growers, Inc. (Nasdaq: CVGW) today reported that fiscal 2010 third quarter net income advanced 141 percent on an eight percent increase in revenues. Eclipsing the previous all-time highs set last quarter, the record results reflect higher fresh and prepared avocado product sales, as well as...
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SunOpta Announces $51 Million Sale of SunOpta BioProcess Inc.
Wednesday, September 1, 2010 - 7:54am | 68SunOpta Inc. (Nasdaq: STKL) today announced the sale of SunOpta BioProcess Inc. to Mascoma Corporation. The transaction values SBI at approximately $51 million and will be funded via a combination of preferred and common shares in Mascoma. As a result, the combined company will be approximately 73...
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Mascoma Acquires SunOpta BioProcess Inc. (STKL)
Wednesday, September 1, 2010 - 7:47am | 127Mascoma Corporation today announced the acquisition of SunOpta BioProcess Inc., a division of SunOpta Inc. (Nasdaq: STKL). “We are pleased to announce this important and strategic acquisition. We share a common vision of solving one of the most important energy problems in the world: enabling a...
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Heinz Q1 Earnings Beat Street View, Revenue Misses
Wednesday, September 1, 2010 - 7:44am | 42HJ Heinz Company (NYSE: HNZ) reports its Q1 EPS at $0.75, beating the consensus of $0.73. HNZ reports its Q1 revenue at $2.48 billion, versus the estimates of $2.53 billion. HNZ’s shares gained 0.29% to $46.38 in after-hours trading.
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Heinz Reaffirms 2011 Outlook (HNZ)
Wednesday, September 1, 2010 - 7:44am | 66Heinz (NYSE: HNZ) reaffirmed its previously-announced outlook for Fiscal 2011. For the full year, the Company expects to deliver, on a constant currency basis: Sales growth of 3 to 4%, Operating income growth of 7 to 10%, and Growth of 7 to 10% in earnings per share. Heinz also expects to...
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Heinz Reports First-Quarter Results; EPS Increases to $0.75
Wednesday, September 1, 2010 - 7:42am | 103H.J. Heinz Company (NYSE: HNZ): Fiscal 2011 First-Quarter Results 3.6% organic sales growth, reported sales up 1.6% 21st consecutive quarter of organic sales growth Emerging Markets delivered 21.9% organic sales growth (13.2% reported) and generated 17.8% of the Company’s sales Top 15 brands...
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Earnings Scheduled For September 1 (JOYG, HNZ, HOV, PSS, SAI, AMSWA, BGP, CWST, CHRS, FCEL, MTRX, OXM)
Wednesday, September 1, 2010 - 6:40am | 291Joy Global Inc (NASDAQ: JOYG) is expected to report its FQ3 profit of $1.02 per share. Heinz (NYSE: HNZ) is estimated to report its EPS of $0.73 for the latest quarter. Hovnanian (NYSE: HOV) is projected to post its FQ3 loss of $0.47 per share. Collective Brands (NYSE: PSS) may report its Q2 EPS...