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Polypore Announces Additional $105M Expansion of Lithium-Ion Battery Separator Capacity for Electric Drive Vehicles
Monday, July 25, 2011 - 9:30am | 182Polypore International, Inc. (NYSE: PPO) today announced that it has approved additional capital expenditures of approximately $105 million to expand its lithium-ion battery separator capacity for Electric Drive Vehicles ("EDVs"). This expansion is expected to be at the Company's facility in...
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Morning Market Losers
Monday, July 25, 2011 - 8:55am | 98Raptor Pharmaceutical Corp (NASDAQ: RPTP) fell 21.26% to $5.48 at 9:50 am. Raptor Pharmaceutical reported that its key drug met the main goal of a late-stage trial. Eastern Light Capital Incorporated (AMEX: ELC) shares lost 18.13% to $2.89. ELC's trailing-twelve-month operating margin is -864.93...
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Hollysys Automation Technologies Down 12% on Analyst Downgrade
Monday, July 25, 2011 - 8:32am | 40Hollysys Automation Technologies (NASDAQ: HOLI) is down 12% on an analyst downgrade this morning. Roth Capital downgraded the company from Buy to Neutral. Hollysys Automation is currently trading at $9.25, a loss of $1.31 or 12.41%.
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JP Morgan Provides Color on Roper Industries
Monday, July 25, 2011 - 8:31am | 161JP Morgan provided color on Roper Industries (NYSE: ROP). In a research report published today, the rating agency commented on the company's strong Q2 performance. In the report, JP Morgan states, “This was another strong quarter for ROP, and the momentum businesses continue to deliver...
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Pre-Market Winners
Monday, July 25, 2011 - 8:17am | 118Radiant Systems (NASDAQ: RADS) is up almost 27% after NCR begins tender offer. E*Trade Financial (NASDAQ: ETFC) is up almost 7% after it was announced that TD Ameritrade's Board was planning an E*Trade Bid. Roper Industries (NYSE: ROP) is up over 4% after reporting earnings. Extorre Gold Miners...
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Earnings Roundup
Monday, July 25, 2011 - 8:09am | 832Baker Hughes Inc (NYSE: BHI) reported a strong rise in its second-quarter net profit. Baker Hughes reported its quarterly net profit at $338 million, or $0.77 per share, up from $93 million, or $0.23 per share, in the year-ago period. Excluding items, the company's earnings came in at $0.93 per...
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Benzinga's Top Pre-Market Gainers
Monday, July 25, 2011 - 7:15am | 134Roper Industries Inc (NYSE: ROP) rose 6.29% to $89.77 in the pre-market session. ROP reported a 49% rise in its second-quarter profit. E*TRADE Financial Corporation (NASDAQ: ETFC) added 5.24% to $16.46 in the pre-market session. The board of directors of TD Ameritrade Holding Corp (NASDAQ: AMTD)...
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Benzinga's Top Downgrades
Monday, July 25, 2011 - 7:14am | 128MedcoHealth Solutions Inc (NYSE: MHS) was downgraded by BB&T Capital Markets from "buy" to "hold." MHS' shares closed at $65.96 on Friday. MHS' trailing-twelve-month profit margin is 2.16%. Roth Capital downgraded Hollysys Automation Technologies Ltd (NASDAQ: HOLI) from “buy” to “neutral.”...
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UPDATE: Roper Reports 49% Surge In Q2 Profit, Raises FY11 Earnings Outlook
Monday, July 25, 2011 - 6:53am | 86Roper Industries Inc (NYSE: ROP) reported a 49% rise in its second-quarter profit. Roper reported its quarterly profit at $106.3 million, or $1.08 per share, up from $71.3 million, or $0.74 per share, in the year-ago period. Excluding items, Roper's earnings came in at $1.03 per share. Its revenue...
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Earnings Scheduled For July 25
Monday, July 25, 2011 - 3:42am | 459Kimberly Clark Corp (NYSE: KMB) is expected to report its Q2 earnings at $1.15 per share on revenue of $5.13 billion. Broadcom Corp (NASDAQ: BRCM) is estimated to post its Q2 earnings at $0.63 per share on revenue of $1.80 billion. Baker Hughes Incorporated (NYSE: BHI) is expected to report its...
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Earnings Preview: Roper Industries Growth Seen Continuing in Wake of Northern Digital Acquisition
Sunday, July 24, 2011 - 10:17am | 626Roper Industries (NYSE: ROP) is scheduled to report its second-quarter 2011 results Monday, July 25, before the opening bell. Investors will be looking for updates on the recently completed acquisition of Northern Digital, and how the acquisition might influence the company's sales and earnings...
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Corning Earnings Preview: Analysts Expect Flat EPS, Rising Revenue Over Previous Quarter
Friday, July 22, 2011 - 11:40am | 574Corning (NYSE: GLW) announces its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's essential guide to Corning's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of 47 cents per share and revenues of $1.97 billion. Wall Street will be looking...
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Citi Reiterates Hold On TNB
Friday, July 22, 2011 - 8:05am | 74Citi has issued a report reiterating a Hold Rating on Thomas & Betts Corporation (NYSE: TNB). According to the report, "Hold-rated Thomas & Betts delivered an as-expected 2Q11 at the high-end of the range but only boosted the low-end of EPS guidance by 5c to $3.20-$3.35. The more cautious...
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Wunderlich Securities Reiterates Hold on Ener1, Raises PT to $1.25
Friday, July 22, 2011 - 3:22am | 62Wunderlich Securities reiterated its Hold rating on Ener1 (NYSE: HEV). At the same time, the rating agency raised its price target on the company's stock from $1 to $1.25. On Thursday, HEV lost 2.86% of its value to finish the day at $1.02. Its shares recovered some of yesterday's losses in today's...
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15 Lottery Specials Under $10
Thursday, July 21, 2011 - 2:37pm | 418Unlike any of my other screens, this stock screen focuses on stocks trading under $10/share, and have a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt to...