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Actuant Narrowly Beats Estimates (ATU)
Thursday, December 16, 2010 - 9:00am | 270Butler, Wisconsin-based Actuant Corporation (NYSE: ATU) released financial results on Thursday morning that narrowly beat Wall Street estimates. Actuant Corporation announced that its 1st quarter net earnings rose to $25.9 million, or 35 cents per share, up from $11.9 million, or 19 cents per share...
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Goldman Sachs Raises Truck Capex Forecasts (CMI, DAN, ETN, ARM)
Thursday, December 16, 2010 - 8:59am | 172Goldman Sachs said that it has raised ots North America truck production forecasts by an average of 17% in 2011-12 to 242,000/ 295,000 units due to tightening truck capacity utilization and pricing power, as well as improved macro visibility and favorable accelerated depreciation provisions...
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Eaton Agrees to Acquire Tuthill Coupling Group
Thursday, December 16, 2010 - 8:50am | 35Eaton Corporation (NYSE: ETN) today announced it has agreed to acquire the Tuthill Coupling Group, a division of Tuthill Corporation. Terms of the deal were not disclosed.
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Eaton Agrees to Acquire Tuthill Coupling Group
Thursday, December 16, 2010 - 8:50am | 35Eaton Corporation (NYSE: ETN) today announced it has agreed to acquire the Tuthill Coupling Group, a division of Tuthill Corporation. Terms of the deal were not disclosed.
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Goldman Raises PT On Danaher
Thursday, December 16, 2010 - 8:46am | 22Goldman Sachs has raised the price target on Danaher Corporation (NYSE: DHR) from $50 to $55.
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J.P. Morgan Overweight On Danaher (DHR)
Thursday, December 16, 2010 - 8:35am | 142J.P. Morgan Chase & Co. has an Overweight rating and a $52 price target on Danaher Corporation (NYSE: DHR). In a note sent to clients, J.P. Morgan writes, "There is no change to our positive view coming out of the annual investor day. While there was no instant gratification on guidance, with...
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Actuant Reports First Quarter EPS of $.36
Thursday, December 16, 2010 - 8:34am | 139Actuant Corporation (NYSE: ATU) today announced results for its first quarter ended November 30, 2010. Highlights 71% year-over-year increase in diluted earnings per share from continuing operations (“EPS”) to $0.36 Core revenue growth of 14%. All four segments reported core sales growth...
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Stocks To Watch For December 16 (ACN, DHR, FDX, THG, ORCL)
Thursday, December 16, 2010 - 5:14am | 221Some of the stocks that may grab the investor focus today are: Wall Street expects Accenture plc (NYSE: ACN) to report its FQ1 EPS at $0.75. ACN shares gained 0.22% to $46.20 in after-hours trading. Danaher Corp (NYSE: DHR) lifted and narrowed its Q4 earnings guidance and issued 2011 projections in...
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Earnings Scheduled For December 16 (ACN, FDX, ATU, ORCL, RIMM, GIS, BRLI, SHLO, MCS, RAD, ZQK, SCHL)
Thursday, December 16, 2010 - 5:10am | 310Accenture plc (NYSE: ACN) is expected to report its FQ1 EPS at $0.75 on revenue of $5.73 billion. FedEx Corporation (NYSE: FDX) is likely to report its Q2 earnings at $1.31 per share on revenue of $9.70 billion. Actuant Corporation (NYSE: ATU) is projected to post its Q1 EPS at $0.34 on revenue of...
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Danaher Raises EPS View (DHR)
Wednesday, December 15, 2010 - 6:01pm | 44Danaher Corp. (NYSE: DHR) said it raised its forecast for fourth earnings. It now sees earnings of 64-66 cents per share, up from 61-66 cents per share. Wall Street expects a profit of 60 cents a share.
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Danaher Raises Q4 EPS Guidance to $0.64 to $0.66
Wednesday, December 15, 2010 - 5:46pm | 159At an institutional investor and analyst meeting held in New York today, Danaher Corporation (NYSE: DHR) commented on the performance outlook of the company for the balance of 2010 and 2011. President and Chief Executive Officer H. Lawrence Culp, Jr. announced that the company has raised its...
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Flowserve Closes Credit Facility - Analyst Blog
Wednesday, December 15, 2010 - 5:33pm | 597Flowserve Corporation (FLS) has structured a new $1 billion, five-year credit facility, which includes a $500 million term loan and a $500 million revolver that the company can increase, subject to certain conditions, by up to $200 million. This is an arrangement with the Bank of America, N.A (...
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Flowserve Announces Dividend of $0.29
Wednesday, December 15, 2010 - 5:32pm | 39Flowserve Corp. (NYSE: FLS) today announced that its board of directors has authorized the payment of a quarterly cash dividend of $0.29 per share on the company's outstanding shares of common stock.
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Nordson Corporation Reports Fourth Quarter EPS fo $1.56
Wednesday, December 15, 2010 - 5:31pm | 126Nordson Corporation (Nasdaq: NDSN) today reported results for the fourth quarter and fiscal year ended October 31, 2010. Sales increase 22 percent from the previous year to $290 million in the fourth quarter and 27 percent to $1 billion for the year Operating margin reaches 25 percent in the...
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Ampco-Pittsburgh Corporation Announces Dividend of $.18
Wednesday, December 15, 2010 - 5:26pm | 44Ampco-Pittsburgh Corporation (NYSE: AP) today announced the declaration of a regular quarterly dividend of $.18 per share on the common stock of the Corporation. The dividend will be paid on January 31, 2011 to shareholders of record on January 17, 2011.