Bombardier Inc. reported a 5% drop in its second quarter earnings Thursday as the company said reiterated its plans to fly its new CSeries aircraft in the “coming weeks.”
The Montreal plane and train maker reported an adjusted net income of $158-million, or 9 cents a share, compared to $167-million, or 9 cents a share, a year ago. The result was in line with expectations.
Revenue for the quarter was up 7% to $4.4-billion.
Host Hotels & Resorts Inc. (HST), the largest lodging real estate investment trust ((REIT)) in the U.S., reported third quarter 2010 FFO (funds from operations) of $75 million or 11 cents per share, compared to $66 million or 11 cents per share in the year-earlier quarter.
Another year, another failure by Citigroup to i) pass the Fed's stress test and ii) be able to stop investing cash in such idiotic fundamental concepts as CapEx, and instead reward activist shareholders with increased dividends and buybacks.
The federal government has been partially shut down for 4 days, and it appears likely that the situation could continue for a while longer. As the shutdown continues, the political focus has begun to shift to the next deadline: the Treasury expects to exhaust its borrowing capacity by October 17. Goldman expects the Treasury’s cash balance to be depleted no later than October 31 and possibly quite a bit sooner.
Michael Kudrna submits: As expected, Santarus (SNTS) reported a 3rd quarter loss after-hours Monday (see conference call transcript here). This was mostly attributed to reduced sales because of generic Zegerid competition, one-time costs and the fact that their diabetes drug GLUMETZA shipm
Fluor Corporation (FLR) reported earnings per share from continuing operations of 76 cents for the first quarter of 2010 compared with the Zacks Consensus Estimate of 74 cents. Revenue was $4.9 billion, down from $5.8 billion in the first quarter of 2009.
Tokyo (AFP) - Japanese inflation fell back to zero in July while household spending dropped again, official data showed Friday, with the disappointing data sure to stoke speculation that the central bank would unleash more stimulus.
By Posts At Eventide: On February 27th Apple (AAPL) will host its annual meeting of shareholders. While much attention is being paid to the company's holdings of cash and marketable securities and the recent sell-off in the share price, very little attention is focused on the company's organic growth.
By Markus Aarnio:Gold prices are up 10% and silver prices are up 25% since the beginning of August 2012. Based on this observation I screened for mining companies to see if there were any analyst upgrades this month. I focused my search on gold and silver miners.
By Vytautas Drumelis:El Paso Corp. (EP) operates in the Oil & Gas Pipeline industry. I think this stock is overvalued by up to 61% or even more. Below are my calculations using FCFF model, multiples comparison and other interesting facts and threats.
Discounted Free Cash Flow Valuation