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Western Refining Reports Surprise Q4 Loss

Published on Thu, 03/03/2011 - 11:06
By FNNO Staff in General Interest, billion, consensus, down, loss, per share, q4, quarter, revenue, western refining, Earnings

Jeff Stevens, Western's President and CEO, said, "Throughout 2010, we took a number of steps to improve our financial and operating performance. We believe the actions we took, position Western well for 2011.

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Western Refining (NYSE:WNR) reported a Q4 loss of $0.04 per share, missing consensus estimates of a $0.06 per share profit. Revenues for the quarter were down 4.8% year-over-year to $1.86 billion, missing consensus estimates of $1

By FNNO Staff
fnnonline@gmail.com

Polo Ralph Lauren Surges Nearly 9% After Reporting Q3 Results

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Polo Ralph Lauren (RL) posted net income of $168 million, or $1.72 per diluted share, for the third quarter of fiscal 2011, versus net income of $111 million, or $1.10 per diluted share, for the same period in fiscal 2010. The Str

By Christie Duffy
cduffy@fnno.com

Stratasys Shares up 11.30% on 80% Increase in Q4 Profit

The company posted record revenue of $33.8 million for the fourth quarter ended Dec. 31, a 29% increase over the $26.2 million reported for the same period in 2009. Net income was $4.3 million for the fourth quarter, or $0.20 per

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Shares of Stratasys (SSYS) are up $4.80 to $40.18, or 11.61%, after the company reported strong fourth quarter and full year financial results that surpassed market expectations.

By Christie Duffy
cduffy@fnno.com

Morgan Stanley Lowered its 2011, 2012 EPS Estimates For Teva Pharmaceutical Industries (TEVA)

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Morgan Stanley lowered its 2011 and 2012 EPS estimates for Teva Pharmaceutical Industries (NASDAQ:TEVA) and maintained its equal-weight rating. The bank sees 2011 EPS of $5.05, down from $5.29 per share, and 2012 EPS of $5.78, do

By Christie Duffy
cduffy@fnno.com

Morgan Stanley Raised Its 2011 EPS Estimate For Illumina, Maintained Its OW Rating

The bank sees 2012 EPS of $1.98, up from $1.97 per share.

Illumina has a potential upside of 5% based on a current price of $70.25 and an average consensus analyst price target of $73.73.

Illumina is currently above its 50-day moving average (MA) of $66.13 and above its 200-day of $51.55.

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Morgan Stanley raised its 2012 EPS estimate for Illumina (NASDAQ:ILMN) and maintained its overweight rating and $78 price target.

By Christie Duffy
cduffy@fnno.com

Wabash National Reports YoY Improvements, Highest Quarterly EBITDA Since 2007 (WNC)

Operating EBITDA for the quarter was $10.8 million, the company's highest quarterly operating EBITDA since Q3 2007. Income for the quarter was $5.7 million, compared to a loss of $11.9 million in 2009.

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Wabash National Corporation (NYSE:WNC) reported earnings results Tuesday afternoon with Q4 net income of $4.9 million and EPS of $0.07. For the same quarter last year, WNC saw net income of $10.9 million, or $0.15 per diluted shar

By Christie Duffy
cduffy@fnno.com

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