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Mid-Day Market Movers (SKH, TA, RMX, ESA)
Monday, August 9, 2010 - 12:21pm | 152Skilled Healthcare Group Inc (NYSE: SKH) jumped 32.93% to $3.31 by 12:08 am. a SKH has filed a motion for mistrial or new trial as it claimed that the juror had concealed bias against the comapny. TravelCenters of America LLC Inc (AMEX: TA) shares surged 25.14% to $3.30. TA’s second quarter...
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Foster Wheeler Slips - Analyst Blog
Monday, August 9, 2010 - 7:35am | 827Foster Wheeler AG (FWLT) reported second-quarter earnings from continuing operations of 46 cents, below the Zacks Consensus Estimate of 51 cents. The second quarter earnings declined sharply from prior-year quarter’s earnings from continuing operations of 96 cents. Earnings in the reported...
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MasTec Rated A Buy At Wunderlich (MTZ)
Friday, August 6, 2010 - 9:48am | 162Wunderlich Securities rates shares of MasTec (NYSE: MTZ) a Buy after the company reported stronger than expected second quarter numbers. It has a $13 price target on shares. In a note to clients Wunderlich Securities states, "MasTec (MTZ) reported 2Q10 revenue and EPS of $495 million and $0.18,...
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Order Inflows To See Growth At Foster Wheeler’s Lower Margin Power Group
Friday, August 6, 2010 - 7:52am | 229Analysts at Pritchard Equity Research maintain their "buy" rating on Foster Wheeler AG (NASDAQ: FWLT), while reducing their estimates for the company. The target price for FWLT is set to $28. According to Pritchard Equity Research, “FWLT reported slightly disappointing Q2 2010 results led by a low...
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Company News for August 5, 2010 - Corporate Summary
Thursday, August 5, 2010 - 2:44pm | 552• Viacom (NYSE:VIA.B) posted second quarter earnings of 68 cents, three cents above Zacks estimates, on a 0.1% revenue gain to $3.30 billion, off estimates of $3.43 billion • Foster Wheeler (NASDAQ: FWLT) missed Zacks estimates by 3 cents with second quarter earnings of 48 cents, as revenues...
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Foster Wheeler Wins Contract - Analyst Blog
Thursday, August 5, 2010 - 1:53pm | 547The Global Engineering and Construction Group of Foster Wheeler AG (FWLT) has been awarded a contract for setting up an LNG receiving terminal in Uruguay by a state-owned oil company, Administración Nacional de Combustibles, Alcohol y Portland. The value of the contract was not disclosed. The...
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Quanta Services Meets - Analyst Blog
Wednesday, August 4, 2010 - 5:51pm | 565Quanta Services Inc. (PWR) reported 2010 second quarter earnings from continuing operations of 18 cents per share, matching the Zacks Consensus Estimate. Revenues for the quarter came in at $870.5 million, below the Zacks Consensus revenue estimate of $936 million. Quanta completed the...
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MasTec Reports Second Quarter Results
Wednesday, August 4, 2010 - 4:53pm | 78MasTec, Inc. (NYSE: MTZ) today announced that revenue for the quarter ended June 30, 2010 increased 28% to $495 million, compared with revenue of $388 million in the prior year quarter and that EBITDA, or earnings before interest, taxes, depreciation and amortization, increased 29% to $46.2 million...
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Quanta Services Down 6.6% On Revenue Miss, Forecast (PWR)
Wednesday, August 4, 2010 - 1:02pm | 257Shares of Quanta Services, Inc. (NYSE: PWR) are currently down 6.62% at $20.02 per share during Wednesday afternoon trading. Today's trading range for shares of Quanta Services, Inc. has been between $19.41 and $20.89 per share. The consensus price target of analysts covering the company's stock is...
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Earnings Scorecard: Jacobs - Analyst Blog
Tuesday, August 3, 2010 - 12:07pm | 764Following the third quarter results on July 26, the analysts have been pessimistic on Jacobs Engineering Group Inc. (JEC) based on the continuous decrease in the company’s backlog and the expectations of slower market recovery. Management has narrowed its fiscal 2010 guidance to $2.30-$2.65 per...
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Granite Construction Falls Far Short of Jefferies Estimate (GVA)
Tuesday, August 3, 2010 - 10:16am | 107Granite Construction (NYSE: GVA) posted a 2Q loss of ($0.18), far short of consensus of $0.08 and Jefferies' estimate of $0.35. Jefferies lowered its price target by $5, from $31 to $26 on this news. The analysts said, "Granite Construction historically trades at a discount to the E&C group...
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Benzinga’s Top Upgrades (CEPH, ENR, SRDX, DY)
Tuesday, August 3, 2010 - 8:11am | 157Cephalon Inc (NASDAQ: CEPH) was upgraded by BofA/Merrill from "neutral" to "buy." CEPH’s shares closed at $58.15 yesterday. Cephalon’s earnings may grow by 73.82% this year. Morgan Stanley upgraded Energizer Holdings Inc (NYSE: ENR) from "equal weight" to "overweight." ENR’s shares closed at $63.16...
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Calls Purchase on KBR Inc. (KBR)
Monday, August 2, 2010 - 12:29pm | 117Shares of KBR Inc. (NYSE: KBR) are higher on the session by 4.60%, currently trading at $23.41. The stock has been moving largely sideways over the past four months, but is popping above the 50-day and 200-day moving averages as of late. Options traders are betting that the stock can run higher as...
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July Impressive -- S&Ps Up 6.9% 07-30-2010
Friday, July 30, 2010 - 7:07pm | 821Cusick’s Corner Friday ended flat for the day, capping off an impressive month -- the S&Ps finished July up 6.9%. Some may say that this July move has been on light volume -- yes, but it is summer and what’s been impressive is the overall breadth of this move. The Unemployment number will be...
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KBR's Margins May Rebound In 2011
Friday, July 30, 2010 - 11:04am | 189Analysts at Pritchard Capital Partners reiterate their "buy" rating on KBR Inc (NYSE: KBR). The target price for KBR is set to $28. KBR reported its Q2 EPS ahead of the estimates and the consensus. Pritchard Capital Partners says, “Without the Yemen LNG change order (and an offsetting subcontractor...