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Fluor Joint Venture Awarded Expansion Contract in Australia
Thursday, August 4, 2011 - 3:07pm | 72Fluor Corporation (NYSE: FLR) announced today that the Fluor SKM Iron Ore Joint Venture was awarded a new contract from BHP Billiton Iron Ore for additional work as part of the company's expansion program in Western Australia. The newly awarded scope of work will focus on the Port Hedland Inner...
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Piper Jaffray Raises Quanta Services Outlook To $23
Thursday, August 4, 2011 - 6:44am | 79According to Piper Jaffray, Quanta Services (NYSE: PWR) guidance implies improved outlook. Piper Jaffray said that it views Quanta's 2Q results and comments on an improved outlook as confirmation of the thesis that the long-term catalysts remain firmly in place despite near-term roadblocks that it...
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Piper Jaffray Raises PT On Quanta Services To $23
Thursday, August 4, 2011 - 5:43am | 27Piper Jaffray has raised the price target on Quanta Services (NYSE: PWR) from $22 to $23 and maintains its Overweight rating.
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Morning Movers at 10:05 am
Wednesday, August 3, 2011 - 9:06am | 79Trimble Navigation Limited (NASDAQ: TRMB) +13.54% on the upbeat earning reported yesterday. j2 Global Communications, Inc. (NASDAQ: JCOM) +16.59% on the upbeat earning reported yesterday. Allscripts Healthcare Solutions Inc (NASDAQ: MDRX) +11.83% on several analyst upgrades this morning. Quanta...
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Earnings Roundup
Wednesday, August 3, 2011 - 8:05am | 1603MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...
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Gabelli Has Buy On Foster Wheeler
Wednesday, August 3, 2011 - 7:30am | 133Gabelli & Co. is out with a research report on Foster Wheeler Ltd (NASDAQ: FWLT) and it has a Buy rating after it reported earnings. In a note to clients, Gabelli & Co. writes, "While the quarter came in slightly above our expectations, we are lowering our 2011E and 2011P EPS estimates to...
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A Peek Into The Market Before The Trading Starts
Wednesday, August 3, 2011 - 6:31am | 392Pre-open movers US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 47 points to 11,851.00 and S&P 500 index futures rose 6.40 points to 1,253.70. Nasdaq 100 futures gained 10.00 points...
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UPDATE: Quanta Services Reports Upbeat Q2 Earnings
Wednesday, August 3, 2011 - 6:01am | 98Quanta Services Inc (NYSE: PWR) released its results for the second quarter on Wednesday. Quanta Services reported its quarterly net income at $34.3 million, or $0.15 per share, versus income of $33.3 million, or $0.16 per share, in the year-earlier period. Excluding items, its earnings came in...
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Wunderlich Securities Reiterates Buy and PT of $26 on MasTec
Wednesday, August 3, 2011 - 2:25am | 47Wunderlich Securities reiterated its Buy rating on MasTec (NYSE: MTZ). At the same time, the rating agency left its price target on the company's stock unchanged at $26. On Tuesday, MTZ lost 4.08% of its value to end the day at $19.75.
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Quanta Services Increases Credit Facility to $700M
Tuesday, August 2, 2011 - 3:07pm | 67Quanta Services, Inc. (NYSE: PWR) today announced that it has entered into an amended and restated senior secured revolving credit agreement with a syndicate of lenders led by Bank of America N.A. and Wells Fargo N.A. The amendment expands the company's senior secured revolving credit facility...
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Pre-Market Gainers
Tuesday, August 2, 2011 - 7:28am | 132Hyatt Hotels (NYSE: H) +13.52% on upbeat earnings. SM Energy (NYSE: SM) +11.62% on upbeat earnings. AMERIGROUP (NYSE: AGP) +8.20% on Stifel Nicolaus upgrade to Buy. Foster Wheeler (NASDAQ: FWLT) +5.86% on upbeat earnings. Synchronoss Technologies (NASDAQ: SNCR) +7.06% on upbeat earnings...
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Jacobs Awarded Contract to Support U.S. Army; Potential Value $11.6M
Tuesday, August 2, 2011 - 6:57am | 76Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract from the U.S. Army TACOM Life Cycle Management Command in Warren, Mich. to support the Program Manager Heavy Brigade Combat Team with production, product assurance and engineering services for all PM HBCT...
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Earnings Scheduled For August 2
Tuesday, August 2, 2011 - 2:46am | 571Hyatt Hotels Corporation (NYSE: H) is expected to report its Q2 EPS at $0.15 on revenue of $910.14 million. Archer-Daniels-Midland Company (NYSE: ADM) is projected to report its FQ4 EPS at $0.85 on revenue of $20.43 billion. Coach Inc (NYSE: COH) is projected to report its Q4 EPS at $0.65 on...
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KBR Technology to be Used in the Construction of Two Ammonia Synloop Units for China National Coal in Inner Mongolia, China
Monday, August 1, 2011 - 3:26pm | 132KBR (NYSE: KBR) today announced it was awarded a contract by China National Coal Group Corp. to provide ammonia technology, process design package and technical services for two 1660 metric tons per day ammonia synloop units at China Coal Erdos Energy and Chemical Co. Ltd in Tuke Industrial Park,...