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Earnings Roundup
Monday, August 29, 2011 - 8:50am | 369Donaldson Co Inc (NYSE: DCI) reported better-than-expected quarterly results. Donaldson reported its quarterly earnings at $65.8 million, or $0.84 per share, up from $51.2 million, or $0.65 per share, in the year-ago period. Its revenue surged 21% to $625 million. Its engine product sales climbed...
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FBR Comments On Intel's Ultrabook Hype
Monday, August 29, 2011 - 7:40am | 123FBR Capital Markets has published a research report on Intel (NASDAQ: INTC) stating that consumer excitement for Ultrabooks may be premature. In the report, FBR writes, " Ultrabooks will compete against Apple's MacBook Air with metal casings, smaller non-removable batteries, flash drives, and...
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UPDATE: LDK Solar Swings To Q2 Loss; Shares Down In Pre-Market
Monday, August 29, 2011 - 7:34am | 123LDK Solar Co Ltd (NYSE: LDK) swung to a second-quarter net loss on Monday. LDK Solar posted a quarterly net loss at $87.7 million, or $0.62 per American Depository Shares (ADS), versus a net income of $45 million, or $0.36 per ADS, in the year-ago period. Its net sales dropped 12% to $499.4...
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Financial Breakfast for August 29, 2011
Monday, August 29, 2011 - 7:31am | 445This is your Benzinga news summary and traders' outlook for Monday, August 29, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....
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IDT Announces Its Intention to Sell Its Hillsboro, Oregon Wafer Fabrication Facility to Alpha and Omega Semiconductor for $26M
Monday, August 29, 2011 - 6:57am | 124Integrated Device Technology, Inc. (NASDAQ: IDTI) today announced that it intends to sell its Hillsboro, Oregon wafer fabrication facility and related assets to Alpha and Omega Semiconductor Limited (NASDAQ: AOSL). Under a foundry service arrangement with IDT, AOS has the option to acquire the...
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Stocks To Watch For August 29
Monday, August 29, 2011 - 1:29am | 179Some of the stocks that may grab investor focus today are: Wall Street expects LDK Solar Co Inc (NYSE: LDK) to report a Q2 loss at $0.17 per share on revenue of $$556.3 million. LDK shares gained 0.34% to $5.86 in after-hours trading. Analysts are expecting Donaldson Company Inc (NYSE: DCI) to...
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Earnings Scheduled For August 29
Monday, August 29, 2011 - 1:28am | 248Winn-Dixie Stores Inc (NASDAQ: WINN) is projected to report its Q4 EPS at $0.12 on revenue of $1.60 billion. ABM Industries Incorporated (NYSE: ABM) is expected to report its Q3 EPS at $0.47. Calavo Growers Inc (NASDAQ: CVGW) is estimated to report its Q3 earnings at $0.21 per share. LDK Solar...
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Benzinga's Top ETF Decliners, August 26th (SOXS, DZZ, SQQQ, SRTY)
Friday, August 26, 2011 - 10:29pm | 143Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) fell 8.13% on Friday, and it closed at $89.40. In the semiconductor space, Micron Technology, Inc. (NASDAQ: MU) spiked 5.20%. PowerShares DB Gold Double Short ETN (NYSE: DZZ) lost 7.72% today as gold traded higher. DZZ closed at $4.36, and...
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Benzinga's Top ETF Gainers, August 26th (RUSL, SOXL, TQQQ, TYH)
Friday, August 26, 2011 - 10:20pm | 151Direxion Daily Russia Bull 3x Shares (NYSE: RUSL) led the gainers among the ETFs on Friday, with an increase of 9.70%. RUSL closed at $22.39, and it had a volume of 19K traded shares. Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 7.95% today, as Micron Technology, Inc. (NASDAQ:...
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Is OmniVision Technologies Getting Cut From The iPhone?
Friday, August 26, 2011 - 1:12pm | 632Shares of OmniVision Technologies (NASDAQ: OVTI) are plunging more than 30% today after the company guided sharply lower than expected, and many are wondering whether the company is being squeezed out of the iPhone, or perhaps Apple (NASDAQ: AAPL) is squeezing the margins of yet another supplier....
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Notable Call Options Activity in Cypress Semiconductor
Friday, August 26, 2011 - 12:50pm | 92Shares of Cypress Semiconductor (NYSE: CY) are lower on the session by 1.14%, currently trading at $15.99. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the...
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Morning Movers; OmniVision Technologies Down 30%
Friday, August 26, 2011 - 10:38am | 88OmniVision Technologies (NASDAQ: OVTI) -30.38% on disappointing guidance. Clearwire Corporation (NASDAQ: CLWR) -6.62% on the reports that the company has been in talks with Blackstone regarding potential restructuring. Swift Transportation Company (NYSE: SWFT) -4.94% - hearing the company was...
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UPDATE: Lazard Capital Lowers PT on Omnivision Technologies to $37
Friday, August 26, 2011 - 9:30am | 80Lazard Capital is out with its report today on Omnivision Technologies (NASDAQ: OVTI), lowering its PT to $37 from $44. In its report, Lazard Capital writes, "The stock is trading at 5x 2012E EPS (ex cash), an attractive multiple given annual rev growth of 13%. Our $37 PT is based on 13x 2013E EPS...
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UPDATE: J.P. Morgan Lowering Price Target On OmniVision Technologies
Friday, August 26, 2011 - 8:47am | 163J.P. Morgan Chase & Co. is out with a research report on OmniVision Technologies (NASDAQ: OVTI) and it lowered its price target to $36.50 from $41, but is keeping its Overweight rating on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "OVTI reported F1Q12 results aligning...
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J.P. Morgan Neutral On Advanced Micro Devices
Friday, August 26, 2011 - 8:06am | 133J.P. Morgan Chase & Co. is out with a research report on Advanced Micro Devices (NYSE: AMD) and it has a Neutral rating and $8 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "Yesterday before the open, AMD named former Lenovo President and COO, Rory Read, as...