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Siemens Beats on Higher Revenues - Analyst Blog
Monday, August 2, 2010 - 10:22am | 731Siemens AG (SI) reported earnings per share from continuing operations of €1.63 ($2.07) for the third quarter of 2010 on revenues of €19.17 billion ($24.35 billion). The corresponding Zacks Consensus Estimates for the quarter were $1.56 and $23.14 billion, respectively. Orders received in the...
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Week Ahead: Jobs, Cars and Retail Sales On Tap
Monday, August 2, 2010 - 7:02am | 510Jobs, cars and retail sales will lead the economic headlines next week. It’s also another big week for second-quarter earnings. The July unemployment rate, to be released next Friday, is expected to tick up to 9.6% from 9.5% in June. Auto makers and major retailers will release July sales figures...
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Nokia Siemens Seeking $1 Billion
Monday, August 2, 2010 - 2:12am | 119Nokia Siemens (NYSE: NOK) (NYSE: SI), the telecom venture jointly owned by the Finnish handset maker and the German technology giant, is reportedly seeking a $1 billion cash injection after acquiring Motorola's (NYSE: MOT) telecom equipment unit for $1.2 billion. Potential investors include Silver...
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Dahlman Rose Reiterates Buy Rating on Walter Industries (WLT)
Friday, July 30, 2010 - 9:43am | 124Dahlman Rose & Co. is out with a research report this morning, where it reiterates its Buy rating on Walter Industries (NYSE: WLT); it has a $118.00 price target on the stock. The Dahlman analysts cited the company’s most recent earnings report, where it said the company sold 700K tons of...
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Benzinga’s Top Upgrades (PNR, PAR, SI, TKC)
Friday, July 30, 2010 - 7:30am | 144Pentair Inc (NYSE: PNR) was upgraded by Janney Montgomery from "neutral " to "buy." PNR’s shares closed at $33.90 yesterday. Pentair’s quarterly earnings jumped 98.42% y/y. Canaccord upgraded 3PAR Inc (NYSE: PAR) from "sell" to "hold." PAR’s shares closed at $9.97 yesterday. 3PAR’s quarterly...
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ING Group Ups SI To Hold
Friday, July 30, 2010 - 6:20am | 41Analysts at ING Group upgrade Siemens AG (NYSE: SI) from "sell" to "hold." SI’s shares lost 2.54% to close at $96.94 yesterday. More Analyst Ratings here
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Tyco Posts Better-Than-Expected Q3 Earnings, Revenue Misses
Thursday, July 29, 2010 - 6:24am | 62Tyco International Ltd (NYSE: TYC) reports its Q3 adjusted EPS at $0.72, beating the Wall Street view of $0.64. TYC reports its Q3 revenue at $4.27 billion, as compared to the consensus of $4.33 billion. TYC’s shares fell 0.09% to $36.55 in after-hours trading. Read more from Benzinga's Company...
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Top 4 NYSE Stocks In The Telecom Services-Foreign Industry With The Highest Market Capitalization (TBH, TEF, SI, NTT)
Thursday, July 29, 2010 - 5:38am | 142Below are the top telecom services-foreign stocks on the NYSE in terms of market capitalization. Brazilian Telecommunications Corp (NYSE: TBH) has a market capitalization of $6,022.36 billion. TBH’s shares have fallen 55.87% over the past 52 weeks, while the S&P 500 index has gained 13.43% in...
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Walter Energy Beats on Top and Bottom Lines (WLT)
Wednesday, July 28, 2010 - 4:52pm | 181Walter Energy, Inc. (NYSE: WLT) reports Q2 earnings of $2.16 versus estimates of $1.93. Walter Energy, Inc. reports Q2 revenues of $410.6 million versus estimates of $409.09 million. Revenues increased 143% year over year. For the full year, the company has lowered its for coking coal sales...
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Jacobs Engineering & Tyco International Removed From Merrill Lynch US 1 List (JEC, TYC)
Wednesday, July 28, 2010 - 11:16am | 57Bank of America Merrill Lynch has removed Jacobs Engineering (NYSE: JEC) and Tyco International (NYSE: TYC) from its US 1 list today. Shares of Tyco International are trading at $36.67, up 11 cents. Shares of Jacobs Engineering aren't faring as well, trading down $1.08 to $36.01.
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Sidoti upgrades Carlisle Companies (CSL)
Wednesday, July 28, 2010 - 9:36am | 32Sidoti & Company is upgrading shares of Carlisle Companies (NYSE: CSL) from Neutral to Buy. Shares of Carlisle Companies are trading up, trading at $35.13, up $1.01.
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Goldfarb Branham LLP Investigating General Electric
Wednesday, July 28, 2010 - 9:14am | 87Goldfarb Branham LLP is investigating General Electric (NYSE: GE) for shareholders due to a $23 million settlement by the company with the U.S. Government due to alleged violations of the Foreign Corrupt Practices Act. “General Electric will pay $23 million to settle a lawsuit with the U.S....
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Market Roundup (UNH, GE, BP)
Tuesday, July 27, 2010 - 3:26pm | 251UnitedHealth (NYSE: UNH) shares have slipped on higher volume after reports filtered into the market that the company is close to signing a takeover deal with Executive Health Resources. The deal price is rumored to be $1.5 billion. According to David Rosenberg, this is no time to be bullish as...
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Tampa Electric to Participate in Two U.S. Department of Energy Funded Demonstration Projects
Monday, July 26, 2010 - 4:14pm | 129Tampa Electric today announced that the company has partnered with Siemens (NYSE: SI) to pilot a project at Tampa Electric’s Big Bend Power Station to capture CO2 emissions from conventional coal-fired power plants using an environmentally friendly process developed by Siemens. Tampa Electric also...
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Barton Biggs Announces He Is 75 Percent Long On Stocks (CAT, DE, MMM)
Monday, July 26, 2010 - 11:51am | 91Barton Biggs announced today in a video he is 75% long stocks. In the video, he gives some names such as Procter & Gamble (NYSE: PG) Caterpillar (NYSE: CAT), John Deeere & Co. (NYSE: DE) and 3M (NYSE: MMM). Shares of Procter & Gamble, Caterpillar, John Deere and 3M are all trading...