TheStreet Search RSS Feed: Christopher Edmonds

FOREX: Euro May Not Rise On Greek Accord, Pound Braces For More QE

Mon, 11 Jun 2012 04:57:00 EDT

By Ilya Spivak, Currency Strategist

Talking Points Overnight Price Action Hints Traders Bet Greek Bailout Deal to be Reached Euro May Struggle to Find Support if ECB Dithers on Boosting Bank Defenses British Pound Threatened with Bank of England Likely to Expand QE Efforts ...

Genomic Health Announces Presentation Of Eighteen Studies Highlighting Progress In Breast, Colon And Prostate Cancers At The American Society Of Clinical Oncology 2012 Annual Meeting

Wed, 16 May 2012 18:01:00 EDT

REDWOOD CITY, Calif., May 16, 2012 /PRNewswire/ -- Genomic Health, Inc. (Nasdaq: GHDX) today announced that results from 18 separate studies covering breast, colon and prostate cancers will be presented at the American Society of Clinical Oncology (ASCO) 2012 Annual Meeting, reflecting the company's ongoing commitment to the research, development and delivery of innovative diagnostic tests to help individualize cancer treatment decisions. The annual meeting is taking place June 1-5, 2012 in Chicago, Illinois.

Key study results to be presented at the meeting include: Additional data on the clinical value of the Onco type DX DCIS Score™ Further validation of the Onco type DX colon cancer test Company's first prostate needle biopsy study First Onco type DX breast cancer treatment decision impact study results from Canada and France Multiple studies reconfirming the clinical utility and cost effectiveness of the Onco type DX breast cancer test ...

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Ecolab Schedules Webcast Of Industry Conference For May 23rd

Wed, 16 May 2012 16:25:00 EDT

Ecolab Inc.’s Executive Vice President and President Global Energy Services, Steve Taylor, will address financial analysts at the Goldman Sachs Basic Materials Conference in New York, NY on Wednesday, May 23. Ecolab will host a live webcast of Mr. Taylor’s presentation. Details for the webcast are as follows: TIME: 10:35 am Eastern Time DATE: Wednesday, May 23, 2012 DURATION: Approximately 30 minutes LOCATION: http://www.ecolab.com/investor ARCHIVE: A replay of the webcast will be available through June 1, 2012.

To access the webcast, go to the Investor Calendar section of Ecolab’s web site at www.ecolab.com/investor and click on the webcast details. Listening to the webcast requires Internet access and the Windows Media Player or other compatible streaming media player. ...

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8x8, Inc. Announces Record Financial Results For Fourth Quarter And Full-Year Fiscal 2012

Wed, 16 May 2012 16:05:00 EDT

8x8, Inc. (Nasdaq: EGHT), provider of innovative cloud communications and computing solutions, today announced operating results for the fourth quarter and fiscal year ended March 31, 2012.

Fourth Quarter Fiscal 2012 Financial Results Total revenue for the quarter increased 33% year over year to a record $24.2 million. Revenue from business customers increased 44% year over year to $22.8 million. Average monthly revenue per business customer was $244, compared with $204 in the same period last year. Average number of services subscribed to per business customer grew to 9.8 from 8.0 in the same period last year. Business customer churn was 2.0%, compared with 2.3% in the fourth quarter of fiscal 2011; revenue churn was 1.6%. Gross margin at 68.4%; service margin was 76.1%. GAAP net income was $63.9 million, or $0.87 per diluted share, compared with $2.0 million, or $0.03 per share, for the fourth quarter of fiscal 2011 (includes a one-time non-cash income tax benefit of $62.1 million associated with the release of a deferred tax asset valuation allowance in the fourth fiscal quarter). Non-GAAP net income (as outlined in the reconciliation table below) was $3.0 million, or $0.04 per diluted share, compared with $2.3 million, or $0.03 per diluted share, in the same period last year. Balance sheet grew by $2.4 million to end the quarter with $24.4 million in cash, cash equivalents and investments. ...

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Spartan Stores Announces Fourth Quarter And Fiscal Year 2012 Financial Results

Wed, 16 May 2012 16:05:00 EDT

Spartan Stores, Inc., (Nasdaq:SPTN) a leading regional grocery distributor and retailer, today reported financial results for its 13-week fourth quarter and 53-week fiscal year ended March 31, 2012.

Fourth Quarter Results ...

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Westell Technologies Reports Fourth Quarter And Full Year Results

Wed, 16 May 2012 16:01:00 EDT

Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of telecommunications equipment for wireline, wireless and home networks, today announced results for its fiscal fourth quarter and year ended March 31, 2012. Results reflect the sale in the fiscal 2012 first quarter of certain assets of the Customer Networking Solutions (CNS) division. Results also reflect the sale in the fiscal 2012 third quarter of the Conference Plus (CP) division, which is included in discontinued operations.

Consolidated revenue from continuing operations for the quarter was $11.3 million, down 71% compared to $38.5 million in the fiscal fourth quarter of the prior year. Consolidated revenue from continuing operations for the 2012 fiscal year was $69.7 million, down 53% compared to $147.8 million in the prior year. Revenue from the CP division is excluded from continuing operations. The declines resulted primarily from the CNS sale transaction. ...

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Jack In The Box Inc. Reports Second Quarter FY 2012 Earnings; Updates Guidance For FY 2012

Wed, 16 May 2012 16:01:00 EDT

Jack in the Box Inc. (NASDAQ: JACK) today reported net earnings of $21.6 million, or $0.48 per diluted share, for the second quarter ended April 15, 2012, compared with net earnings of $6.8 million, or $0.13 per diluted share, for the second quarter of fiscal 2011.

Operating earnings per share, a non-GAAP measure which the company defines as diluted earnings per share on a GAAP basis less gains from refranchising, were $0.27 per diluted share compared with $0.12 per diluted share in the prior year quarter. A reconciliation of non-GAAP measurements to GAAP results is attached to this release. Included in operating earnings per share were re-image incentive payments of $0.8 million, or approximately $0.01 per share in the second quarter of 2012 as compared to $1.4 million, or approximately $0.02 per share in the prior year quarter. ...

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PPL Chairman: Strategic Moves Have Fundamentally Changed Company

Wed, 16 May 2012 12:05:52 EDT

BETHLEHEM, Pa., May 16, 2012 /PRNewswire/ -- PPL Corporation (NYSE: PPL) is a fundamentally different company compared with two years ago, having changed its business mix, nearly doubled its asset base and grown its market capitalization by 40 percent, the company's top executive told shareowners Wednesday (5/16) at PPL's annual meeting.

"We are forecasting that 70 percent of PPL's 2012 ongoing earnings will come from our rate-regulated businesses in the United Kingdom, Kentucky and Pennsylvania," said William H. Spence, PPL's chairman, president and chief executive officer. ...

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Confronting Bullying As A Parent

Wed, 16 May 2012 09:00:00 EDT

More than 5.7 million young people are involved in bullying, either by being bullied or acting as the bully themselves, according to The National Youth Violence Prevention Network. Parents can help their children and teenagers by knowing the warning signs that their child is being bullied or bullying others, how to talk about this issue and how much influence parents have.

May is National Mental Health Awareness Month and Magellan Health Services is calling attention to mental health and bullying for its second annual Take Mental Health To Heart campaign. Magellan has partnered with The Jed Foundation, the nation’s leading organization working to promote emotional health and prevent suicide among college students and young adults, to raise awareness about the mental health effects of bullying and encourage people to take responsibility for building a bully-free community. Throughout the month, Magellan and The Jed Foundation will share information about bullying from the perspective of the victim, the bully, parents and bystanders. ...

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Global Biotechnology Instrumentation Industry

Wed, 16 May 2012 07:43:07 EDT

NEW YORK, May 16, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Global Biotechnology Instrumentation Industry ...

Target Reports Strong First Quarter 2012 Earnings

Wed, 16 May 2012 07:30:00 EDT

Target Corporation (NYSE: TGT) today reported first quarter net earnings of $697 million, or $1.04 per share. Adjusted earnings per share, a measure the company believes is useful in providing period-to-period comparisons of the results of its U.S. operations, were $1.11 in first quarter 2012, up 11.5 percent from $0.99 in 2011. A reconciliation of non-GAAP financial measures to GAAP measures is provided in the tables attached to this press release. All earnings per share figures refer to diluted earnings per share.

“We’re very pleased with our first quarter earnings, which benefited from better-than-expected sales,” said Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation. “While our outlook for the remainder of 2012 reflects continued economic uncertainty, we are confident in our strategy, keenly focused on delivering an affordable and inspirational merchandise assortment to our guests and committed to making thoughtful investments in our U.S. and Canadian business segments that we expect will reward our shareholders over time." ...

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Noble Corporation Stock Upgraded (NE)

Wed, 16 May 2012 05:01:34 EDT

NEW YORK (TheStreet) -- Noble Corporation (NYSE:NE) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include: The revenue growth came in higher than the industry average of 14.2%. Since the same quarter one year prior, revenues rose by 37.8%. Growth in the company's revenue appears to have helped boost the earnings per share. The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Energy Equipment & Services industry. The net income increased by 120.5% when compared to the same quarter one year prior, rising from $54.50 million to $120.18 million. Net operating cash flow has increased to $103.71 million or 19.51% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -7.79%. Despite currently having a low debt-to-equity ratio of 0.59, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that NE's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.53 is high and demonstrates strong liquidity. NOBLE CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NOBLE CORP reported lower earnings of $1.45 versus $3.01 in the prior year. This year, the market expects an improvement in earnings ($2.75 versus $1.45). . ...

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Lockheed Martin Orbits 100th And 101st Commercial Geo Satellites With Successful Launch Of JCSAT-13 And VINASAT-2

Tue, 15 May 2012 19:45:38 EDT

KOUROU, French Guiana, May 15, 2012 /PRNewswire/ -- The 100th and 101st Lockheed Martin (NYSE: LMT) commercial geostationary communication satellites have been successfully placed in orbit today after a dual launch aboard an Ariane 5-ECA launch vehicle. Both satellites are based on Lockheed Martin's A2100 geosynchronous satellite series.

JCSAT-13, manufactured for SKY Perfect JSAT Corporation of Japan and VINASAT-2, manufactured for Vietnam Posts and Telecommunications Group (VNPT) of Vietnam, lifted off at 6:13 p.m. EDT. Initial contact with VINASAT-2 was confirmed at 7:16 p.m. EDT and with JCSAT-13 at 7:20 p.m. ...

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Forbes Energy Services Reports 2012 First Quarter Results

Tue, 15 May 2012 19:35:00 EDT

Forbes Energy Services Ltd. (NASDAQ: FES) and (TSX: FRB) today announced financial and operating results for the three months ended March 31, 2012. All share and per share amounts have been adjusted to reflect the four-to-one share consolidation completed on August 12, 2011.

Please note: The term “U.S. Operations” refers to continuing operations, which represent the Company’s financial results excluding its discontinued Mexico operations that were sold in January 2012. ...

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CORRECTING And REPLACING First Potomac Realty Trust Reports First Quarter 2012 Results

Tue, 15 May 2012 18:27:00 EDT

Please replace the release with the following corrected version due to changes to the Guidance Range chart.

The corrected release reads: ...

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