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Simpson Manufacturing Misses Estimates (SSD)
Thursday, October 28, 2010 - 5:31pm | 162Simpson Manufacturing Co., Inc. (NYSE: SSD) reports Q3 earnings of $0.37 versus consensus of $0.36. Simpson Manufacturing Co., Inc. reports revenues of $146.4 million versus consensus of $168.38 million. Revenues decreased 2.5% year over year. In the third quarter of 2010, sales were mixed...
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Longbow Changes Newport And Owens Corporation Price Target
Thursday, October 28, 2010 - 11:36am | 54Longbow has announced that it has changed two price targets today. The first, Newport Corporation (NASDAQ: NEWP), moves up to $20. Meanwhile, Owens Corning, Inc. (NYSE: OC) has moved down to $33. Owens Corning currently trades for $27.28; Newport trades for $14.48.
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Owens Corning Reports In-Line Earnings; Goldman Remains Neutral
Thursday, October 28, 2010 - 7:46am | 136Owens Corning (NYSE: OC) reported adjusted 3Q10 EPS of $0.35 vs. Goldman Sachs and Street expectations of $0.35 and $0.37, respectively. Goldman maintains its Neutral rating on Owens Corning, but believe that there is significant value at current levels for long-term shareholders. 3Q10 results...
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Paint And Plumbing A Bright Spot For Masco Corporation
Wednesday, October 27, 2010 - 10:23am | 112Masco Corporation (NYSE: MAS) reported adjusted 3Q10 EPS of $0.11 vs. “our $0.17 adj. E excl. rationalization charges ($39MM vs. our $45MM E),” Wells Fargo reports. Wells Fargo said that a bright spot was solid profitability in Paint and Plumbing despite raw mat increases. “MAS remains a levered...
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J.P. Morgan Reiterates Underweight On Masco After Earnings (MAS)
Tuesday, October 26, 2010 - 7:23am | 144J.P. Morgan Chase & Co. is out with a research report on Masco Corporation (NYSE: MAS) after the company reported earnings after the bell yesterday. It is reiterating its Underweight rating on shares. It also has a $12 price target on shares. In a note to clients, J.P. Morgan writes, "Sales...
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Masco Corporation Beats Estimates (MAS)
Monday, October 25, 2010 - 5:11pm | 202Masco Corporation (NYSE: MAS) reports Q3 earnings of $0.11 versus consensus of $0.10. Masco Corporation reports revenues of $2.00 billion versus consensus of $2.06 billion. Revenues decreased by 6.00%. Gross profit margins were 26.9%, operating profit margins were 7.2%. “Although we continue to be...
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Masco Corporation Reports Third Quarter EPS of ($.02)
Monday, October 25, 2010 - 5:02pm | 222Masco Corporation (NYSE: MAS): 2010 Third Quarter Commentary Sales decreased six percent to $2.0 billion. Excluding charges for business rationalizations and litigation, and with a normalized tax rate of 36 percent, our key financial measures were as follows, compared to the third quarter of...
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The Long and Short of Masco Corp. (MAS)
Monday, October 25, 2010 - 12:25pm | 255Shares of Masco Corp. (NYSE: MAS) are higher on the session by 2.51%, currently trading at $11.22. The company is scheduled to report third quarter earnings after the bell today. Earnings releases can and often are highly volatile events, with the possibility of large swings in either direction....
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Zacks Bull and Bear of the Day Highlights: Berkshire Hathaway, Universal Forest Products, Verizon, AT&T and Apple - Press Releases
Monday, October 25, 2010 - 10:30am | 1938For Immediate Release Chicago, IL – October 25, 2010 – Zacks Equity Research highlights: Berkshire Hathaway (BRK.B) as the Bull of the Day and Universal Forest Products Inc. (UFPI) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Verizon Communications (VZ), AT&T...
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Universal Forest Products (UFPI) - Bear of the Day
Monday, October 25, 2010 - 2:03am | 174Universal Forest Products Inc. (UFPI) reported disappointing results in the third quarter of 2010, with EPS falling 39 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due to volatile lumber prices in the quarter. Universal's huge dependence on general...
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WDC Revenue Grows, EPS Tumbles - Analyst Blog
Thursday, October 21, 2010 - 9:03am | 772Western Digital (WDC) reported first quarter fiscal 2011 EPS of 84 cents, which exceeded the Zacks Consensus Estimate of 81 cents. Revenues of $2.39 billion also surpassed the Zacks Consensus Estimate of $2.35 billion. Revenue First quarter fiscal 2011 revenue of $2.39 billion...
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Following Conference Call, J.P. Morgan Increases Loss Projections
Thursday, October 21, 2010 - 8:24am | 126Following USG Corporation's (NYSE: USG) 3Q10 conference call, J.P. Morgan has released a report with a variety of important details. Most significantly, J.P. Morgan has increased its loss projections for 2010 and 2011, and maintains its Neutral rating and establish a Dec. 2011 price target of $16....
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USG Corporation Reports Third Quarter 2010 Net Loss of $1 per Share
Wednesday, October 20, 2010 - 8:31am | 58USG Corporation (NYSE: USG) today reported third quarter 2010 net sales of $758 million, an operating loss of $58 million and a net loss of $100 million, or $1.00 per diluted share based on 100.1 million average diluted shares outstanding. In last year's third quarter, the operating loss was $92...
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Lackluster 3Q for Universal Forest - Analyst Blog
Tuesday, October 19, 2010 - 8:30am | 722Universal Forest Products Inc. (UFPI) reported disappointing results for the third quarter of 2010 with net income falling despite healthy top-line growth. Net income plummeted 74.3% year over year to $2.6 million, or 13 cents per share compared with $10.1 million or 51 cents per share in the...
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Universal Forest Products Declares a Dividend of $0.20 Per Share
Monday, October 18, 2010 - 4:08pm | 136Universal Forest Products, Inc. (Nasdaq: UFPI) today announced that its board of directors approved a semiannual dividend payment of $0.20 per share at their Oct. 14, 2010, meeting. The dividend is payable on Dec. 15, 2010, to shareholders of record on Dec. 1, 2010. The board also authorized an...