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Stocks To Watch For August 23
Tuesday, August 23, 2011 - 2:56am | 235Some of the stocks that may grab investor focus today are: Wall Street expects La-Z-Boy Incorporated (NYSE: LZB) to report its FQ1 EPS at $0.06 on revenue of $278.75 million. LZB shares dropped 1.95% to close at $7.05 yesterday. Focus Media Holding Ltd (NASDAQ: FMCN) its Q2 net income...
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Euronet Announces Authorization to Repurchase of $100M of Common Stock
Monday, August 22, 2011 - 8:42pm | 238Euronet Worldwide (NASDAQ: EEFT) today announces that its Board of Directors has authorized the repurchase in privately negotiated transactions of any or all of its $175 million 3.50% Convertible Debentures. Additionally, the Company announced that its Board of Directors also authorized the...
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Euronet Announces Closing of $355 Million Senior Secured Credit Facility
Monday, August 22, 2011 - 8:11pm | 229Euronet Worldwide (NASDAQ: EEFT) today announces the closing of an amended and expanded five-year, $355 million senior secured credit facility with a syndicate of financial institutions. The Credit Facility consists of a $275 million revolving line of credit and an $80 million term loan. It...
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Earnings Roundup
Monday, August 22, 2011 - 9:28am | 532Suntech Power Holdings Co Ltd (NYSE: STP) reported a wider second-quarter loss and lowered its revenue projections for the year. Suntech reported a quarterly loss of $259.5 million, or $1.44 per American depositary share (ADS), versus a year-ago loss of $174.9 million, or $0.97 per ADS, in the year...
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UPDATE: Suntech Reports Wider Q2 Loss, Lowers Revenue Forecast
Monday, August 22, 2011 - 6:53am | 117Suntech Power Holdings Co Ltd (NYSE: STP) reported a wider second-quarter loss and lowered its revenue projections for the year. Suntech reported a quarterly loss of $259.5 million, or $1.44 per American depositary share (ADS), versus a year-ago loss of $174.9 million, or $0.97 per ADS, in the...
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Morgan Stanley Overweight On MasterCard
Friday, August 19, 2011 - 8:15am | 175Morgan Stanley is out with a research report on MasterCard (NYSE: MA) and it has an Overweight rating and a $325 price target on shares. In a note to clients, Morgan Stanley writes, "We recently spent time on the road with MA's CEO Ajay Banga, visiting multiple investors and renewing our optimism...
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UPDATE: Yingli Green Reports Upbeat Q2 Profit
Friday, August 19, 2011 - 7:49am | 87Yingli Green Energy Holding Co Ltd (NYSE: YGE) reported upbeat second-quarter profit. Yingli Green's quarterly net income climbed to $58.1 million, or $0.36 per American depository share (ADS), up from $32.1 million, or $0.21 per ADS, in the year-ago period. Excluding one-time items, Yingli Green'...
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UPDATE: China Sunergy Reports Wider-Than-Expected Q2 Loss
Friday, August 19, 2011 - 7:17am | 102China Sunergy Co Ltd (NASDAQ: CSUN) reported a wider-than-expected Q2 loss. China Sunergy posted a quarterly net loss of $16.9 million, or $0.42 per American Depository Share (ADS), up from $13.8 million, or $0.33 per ADS, in the year-ago period. Its revenue climbed 22% to $144 million. However,...
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Lender Processing Services Completes Refinancing of its Senior Secured Credit Facility
Thursday, August 18, 2011 - 4:06pm | 113Lender Processing Services, Inc. (NYSE: LPS) today announced that it has completed the refinancing of its existing credit facility. The total size of the refinanced facility is $1.185 billion, which consists of a 5-year $400 million revolving credit facility, a $535 million 5-year Term Loan A...
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Earnings Roundup
Thursday, August 18, 2011 - 9:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...
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J.P. Morgan Maintains Overweight On BR Following Investor Meeting
Thursday, August 18, 2011 - 8:45am | 81J.P. Morgan is maintaining its Overweight rating on Broadridge Financial (NYSE: BR) following the company's most recent investor meeting. In the report, J.P. Morgan writes, “BR held its quarterly investor lunch yesterday afternoon, and topics included event-driven revenue, uses of cash, and...
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Sterne Agee Coverage Initiations For 8/17
Thursday, August 18, 2011 - 8:14am | 308Sterne Agee has initiated coverage on the following companies: DST Systems - (NYSE: DST) US$47.91 - Neutral - Target: - Euronet Worldwide Inc. - (NASDAQ: EEFT) US$15.22 - Neutral - Target: - Fidelity National Information Services Inc. - (NYSE: FIS) US$28.07 - Buy - Target: US$34 Fiserv Inc. - (...
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UPDATE: JA Solar Swings To Q2 Loss, Lowers Full-Year Sales Volume Forecast
Thursday, August 18, 2011 - 8:05am | 91JA Solar Holdings Co (NASDAQ: JASO) swung to a second-quarter loss and lowered its full-year sales volume guidance. JA Solar reported a quarterly loss of CNY228.9 million ($35.4 million), or CNY1.39 (22 cents) an American Depositary Share (ADS), versus earnings of CNY196.2 million, or CNY1.20 (19...
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Pep Boys and Wright Express Team up to Deliver Pep Boys Fleet Services Program
Thursday, August 18, 2011 - 7:34am | 77Wright Express Corporation (NYSE: WXS) and Pep Boys (NYSE: PBY) have teamed together to launch the Pep Boys Fleet Services Program. Pep Boys will offer business customers a proprietary charge card for automotive tires, maintenance, repairs, parts and accessories. In addition, Pep Boys is...
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Top 4 NYSE Stocks In The Information & Delivery Services Industry With The Highest Cash
Thursday, August 18, 2011 - 4:41am | 134Below are the top information & delivery services stocks on the NYSE in terms of cash. Thomson Reuters Corp (NYSE: TRI) had $723.00 million in total cash and $7.59 billion in total debt for the latest quarter. DST Systems Inc (NYSE: DST) had $407.50 million in total cash and $1.16 billion in...