Join        Login             Stock Quote


 November 04, 2011 12:11 PM

Several companies declared their quarterly earnings before the market opened, while few companies are scheduled to unveil their financial results after the closing bell today.

Acorda Therapeutics, Inc. (Nasdaq: ACOR), a commercial stage biopharmaceutical company, today announced its financial results for the third quarter ended September 30, 2011. The Company reported GAAP net income of $18.9 million, or $0.47 per diluted share, during the quarter, compared to GAAP net income of $12.4 million, or $0.31 per diluted share. Analysts had estimated a net profit of $0.72 per share for the company. The company's revenue during the period was $65.42 million, up from $61.26 million in the previous year.  For the quarter ended September 30, 2011, the Company reported AMPYRA net revenue of $54.7 million, compared to $49.8 million in net revenue for the same quarter in 2010. AMPYRA revenue is recognized following shipment of the product from the Company's distribution facility to its network of specialty pharmacies. President and CEO Ron Cohen said, "We are pleased with the renewed growth of AMPYRA over the last two quarters. Persistence and compliance rates among patients who respond to AMPYRA are high. This will be an important contributor to the long-term growth of the brand."

[Related -Pitney Bowes (PBI): Is That High-Yield Stock Really A 'Dividend Trap'?]

The AES Corp. (NYSE: AES), a leading power supply company, declared its FY 2011 Q3 earnings today. During the quarter, the company reported 35 percent increase in its net earnings to $131 million, or $0.17 per share, from $114 million, or $0.14 per share, in the previous year. Analysts had estimated a net profit of $0.24 per share. The company's total revenue rose to $4.38 billion during the same period, from $3.99 billion in the corresponding year. Consolidated Revenue increased by $391 million to $4.4 billion, benefiting from favorable impact of foreign currency of $173 million, contributions from new businesses including Ballylumford in Northern Ireland, Angamos in Chile and Maritza in Bulgaria, higher prices in Chile and Argentina, and increased demand at its Brazilian utilities. CFO Victoria D Harker said, We now anticipate savings in 2012 of $40 to $50 million, an increase from the $10 to $20 million we announced earlier this year, coming from more focused business development efforts and achieving greater synergies and efficiency from our new organizational structure."

[Related -Merger Arbitrage Mondays – June 3, 2013]

Windstream Corp. (Nasdaq: WIN), which provides communications and technology solutions in the US, announced its FY 2011 Q3 earnings today.

Next Page >>123


Comments Closed

rss feed

Latest Stories

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

article imageThe Single Best Place To Invest Your Money For Retirement

It was never supposed to be this daunting. At least that's what we were read on...

article imageNegative Blowback From Negative Interest Rates

The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.