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Hitachi Reports 97% Decline In FQ1 Net Profit
Friday, July 29, 2011 - 4:15am | 66Hitachi Ltd (NYSE: HIT) reported a 97% drop in net profit for the fiscal first quarter on Friday. Hitachi's quarterly net profit dropped to Y2.93 billion, from Y86.06 billion in the year-earlier period. Its operating profit dipped 41% to Y52.40 billion from Y88.48 billion. Hitachi's revenue...
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Top 4 Small-Cap Stocks In The Rubber & Plastics Industry With The Highest Profit Margin
Friday, July 29, 2011 - 2:56am | 130Below are the top small-cap rubber & plastics stocks on the NYSE, the NASDAQ and the AMEX in terms of profit margin. The trailing-twelve-month profit margin at American Biltrite Inc (AMEX: ABL) is 27.95%. ABL's ROE for the same period is 130.15%. The trailing-twelve-month profit margin at STR...
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Earnings Preview: Emerson Electric Revenue Expected to Rise
Thursday, July 28, 2011 - 3:11pm | 561Emerson Electric (NYSE: EMR) unveils its next round of earnings this Tuesday, August 2, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of...
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UPDATE: J.P. Morgan Lowers PT on Itron to $71
Thursday, July 28, 2011 - 7:46am | 62J.P. Morgan is out with its report today on Itron (NASDAQ: ITRI), lowering its PT from $80 to $71. In a note to clients, J.P. Morgan writes, "We are establishing a December 2012 price target of $71.00 based 15 times 2013E PF EPS of $4.73." J.P. Morgan maintains Overweight on ITRI. Shares of ITRI...
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JP Morgan Lowers PT On Itron To $71
Thursday, July 28, 2011 - 6:15am | 26JP Morgan has lowered the price target on Itron (NASDAQ: ITRI) from $80 to $71 and maintains its Overweight rating.
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Top 4 Stocks In The Computer Peripherals Industry With The Highest Cash
Thursday, July 28, 2011 - 3:58am | 129Below are the top computer peripherals stocks on the NYSE and the NASDAQ in terms of cash. AU Optronics Corp (NYSE: AUO) had $2.46 billion in total cash and $6.50 billion in total debt for the latest quarter. Fortinet Inc (NASDAQ: FTNT) had $301.60 million in total cash and no debt for the latest...
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Wunderlich Securities Reiterates Sell on Itron, Reduces PT to $38
Thursday, July 28, 2011 - 2:51am | 59Wunderlich Securities reiterated its Sell rating on (NASDAQ: ITRI). At the same time, the rating agency reduced its price target on the company's stock from $40 to $38. On Wednesday, ITRI lost 4.41% of its value to finish the day at $47.08. Its shares continued to slide in today's pre-market...
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Calls Purchased on Vishay Intertechnology
Wednesday, July 27, 2011 - 10:50am | 110Shares of Vishay Intertechnology (NYSE: VSH) are lower on the session by 3.92%, currently trading at $14.18. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short...
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Earnings Roundup
Wednesday, July 27, 2011 - 7:43am | 1811Boeing Co (NYSE: BA) reported a 20% rise in its second-quarter profit. Boeing's quarterly profit surged to $941 million, or $1.25 per share, from $787 million, or $1.06 per share, in the year-earlier period. Its revenue gained 6% y/y to $16.54 billion from $15.57 billion. However, analysts were...
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UPDATE: AU Optronics Reports Wider-Than-Expected Q2 Loss
Wednesday, July 27, 2011 - 4:44am | 67AU Optronics Corp (NYSE: AUO) swung to a second-quarter net loss. AU Optronics reported a quarterly net loss at NT$10.78 billion, versus a net profit of NT$11.25 billion, in the year-ago period. Analysts were expecting a net loss of NT$6.71 billion. Its revenue dropped 24% y/y to NT$98.05 billion...
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ITT Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Tuesday, July 26, 2011 - 12:31pm | 561ITT (NYSE: ITT) releases its next round of earnings this Friday, July 29, 2011. Here's Benzinga's advanced look at ITT's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.17 per share and revenues of $2.83 billion. Wall Street will be looking to see how...
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DRI Corporation Announces Mobitec Order in Saudi Arabia
Tuesday, July 26, 2011 - 8:09am | 163DRI Corporation (NASDAQ: TBUS) announced today that the Company's Mobitec AB subsidiary in Herrljunga, Sweden, has received an order for Mobitec® electronic information display systems from an original equipment manufacturer on behalf of a fleet operator in Saudi Arabia. The order, with a total...
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J.P. Morgan Maintains Neutral Rating On Comverge
Tuesday, July 26, 2011 - 7:58am | 66According to J.P. Morgan, Comverge (NASDAQ: COMV) preannounced 2Q results aligning with the above-consensus estimates. J.P. Morgan said that it believes that consensus had not properly adjusted their estimates to reflect a change in the way that COMV recognizes PJM revenues. “We are leaving our...
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Piper Jaffray Reiterates Neutral on Comverge, Reduces PT to $4
Tuesday, July 26, 2011 - 7:53am | 55Piper Jaffray reiterated its Neutral rating on Comverge (NASDAQ: COMV). At the same time, the rating agency reduced its price target on the company's stock from $5 to $4. On Monday, COMV closed the day at $3.05. Its shares added 9.84% to their value in today's pre-market trading to stand around $3....
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Wunderlich Has Sell Rating On Itron
Tuesday, July 26, 2011 - 7:44am | 131Wunderlich Securities is out with a research report on Itron, Inc. (NASDAQ: ITRI) and it has a Sell rating and a $40 price target on shares. In a note to clients, Wunderlich Securities writes, "While Itron, Inc. (ITRI) has a significant backlog, we believe the continued decline in new construction...