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Rockwell Automation Outperforms - Analyst Blog
Wednesday, January 26, 2011 - 1:01pm | 834Rockwell Automation Inc. (ROK) delivered earnings per share (EPS) of $1.04 cents in its fiscal 2011 first quarter ended December 31, 2010, beating the Zack Consensus Estimate of 88 cents and almost double of 53 cents reported during the prior-year quarter. Sales as reported by the company were...
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Textron Surpasses Estimates - Analyst Blog
Wednesday, January 26, 2011 - 1:00pm | 1070Diversified U.S. conglomerate,Textron Inc. (TXT) announced strong fourth quarter 2010 operating earnings of 33 cents per share versus 15 cents in the year-ago quarter, reflecting a growth of 120%. The fourth quarter results surpassed the Zacks Consensus Estimate of 25 cents by 8 cents. Strong...
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Rockwell Automation Outperforms - Analyst Blog
Wednesday, January 26, 2011 - 12:45pm | 834Rockwell Automation Inc. (ROK) delivered earnings per share (EPS) of $1.04 cents in its fiscal 2011 first quarter ended December 31, 2010, beating the Zack Consensus Estimate of 88 cents and almost double of 53 cents reported during the prior-year quarter. Sales as reported by the company were...
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Jefferies Reiterates 3M Buy Rating (MMM)
Wednesday, January 26, 2011 - 12:05pm | 77Jefferies reiterated its 3M (NYSE: MMM) Buy rating in a research report published today. Jefferies has previously given 3M a price target of $105. In the report, Jefferies states, "As a short-cycle material science company with operating leverage, 3M has turned with the economy. Competitive...
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Jefferies Clean Wind Update (GE)
Wednesday, January 26, 2011 - 11:22am | 113Jefferies is out today with its "Clean Wind" update and comments on General Electric (NYSE: GE), In a note to clients, Jefferies writes, "GE (GE) brought in $4.2b in new orders down y-o-y from $5.5b. We calculate a book-to-bill ratio of 0.84. In line with expectations, turbine prices were down 17%...
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Standex Declares Dividend of $.06
Wednesday, January 26, 2011 - 11:21am | 38Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share, which is payable February 25, 2011 to shareholders of record February 8, 2011.
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Stock Market News for Jan 26, 2011 - Market News
Wednesday, January 26, 2011 - 10:31am | 1483Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early losses due to...
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Stock Market News for Jan 26, 2011 - Market News
Wednesday, January 26, 2011 - 10:09am | 1483Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early losses due to...
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Icahn Enterprises L.P. Extends Tender Offer to Acquire Dynegy Inc.
Wednesday, January 26, 2011 - 8:49am | 115Icahn Enterprises L.P. (NYSE: IEP) today announced that its wholly-owned subsidiary, IEH Merger Sub LLC, has extended the expiration date of its previously announced tender offer for all outstanding shares of common stock, including the associated rights, of Dynegy Inc. (NYSE: DYN) for $5.50 per...
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Textron Beats Estimates, Swings To $60 Million Profit (TXT)
Wednesday, January 26, 2011 - 7:47am | 181Providence, Rhode Island-based Textron Inc. (NYSE: TXT) announced on Wednesday morning that it beat consensus Wall Street estimates. Textron Inc reported that it swung to 4th quarter net income of $60 million, or 19 cents per share, from a net loss of $63 million, or 23 cents per share, a year...
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Mindray Books Big Order - Analyst Blog
Tuesday, January 25, 2011 - 7:01pm | 557Leading Chinese medical devices maker Mindray Medical International Limited (MR) has sealed the biggest contract for its patient monitoring systems in Canada. According to the company and its Canadian partner and distributor Ultra-Portable Inc, installation of the patient monitors has already...
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Mindray Books Big Order - Analyst Blog
Tuesday, January 25, 2011 - 6:27pm | 557Leading Chinese medical devices maker Mindray Medical International Limited (MR) has sealed the biggest contract for its patient monitoring systems in Canada. According to the company and its Canadian partner and distributor Ultra-Portable Inc, installation of the patient monitors has already...
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Academy Awards Nominations Are In (NWSA, LGF, GE)
Tuesday, January 25, 2011 - 1:32pm | 113The Academy Awards were announced this morning, and 'The King's Speech' is garnering a lot of attention into awards season. Movies from GE's NBC Universal (NYSE: GE), Lions Gate (NYSE: LGF), and Fox (NASDAQ: NWSA) were all nominated. The King's Speech received 12 nominations, 'True Grit' received...
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3M Beats by a Penny - Analyst Blog
Tuesday, January 25, 2011 - 11:31am | 4763M Co. (MMM) released its earnings results for fourth quarter of 2010, reporting earnings per share of $1.28, beating the Zacks Consensus Estimate of $1.27. The company's organic revenues improved in all of its six businesses. Revenue Total revenues for the quarter increased by 9.6% year over...
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3M Beats by a Penny - Analyst Blog
Tuesday, January 25, 2011 - 11:08am | 4763M Co. (MMM) released its earnings results for fourth quarter of 2010, reporting earnings per share of $1.28, beating the Zacks Consensus Estimate of $1.27. The company's organic revenues improved in all of its six businesses. Revenue Total revenues for the quarter increased by 9.6% year over...