Ametek Delivers Earnings Growth in First Quarter

Ametek AME delivered first-quarter earnings of $0.51 per diluted share, an 11% increase versus the first quarter of 2012. While operating margin performance was ahead of pace to meet our full-year expectation, revenue growth, including acquisitions, of 7% was a bit weaker than we anticipated. Management increased the bottom end of its full-year EPS guidance from $2.07 to $2.08, resulting in a new midpoint of … Continue reading Ametek Delivers Earnings Growth in First Quarter

Apple Marks September 9 As Probable iPhone Launch Date (NASDAQ AAPL)

The iPhone 6 is now expected to be unveiled on Sept. 9. Several sources report that Apple Inc (NASDAQ AAPL) has scheduled an event for that day. However, there is no particular source, and it doesn’t seem like any reporters have received invitations for an event. Although Apple isn’t officially saying it’s the iPhone 6 event, it seems logical as the timing is about right. … Continue reading Apple Marks September 9 As Probable iPhone Launch Date (NASDAQ AAPL)

American Electric Power Posts Flat First-Quarter Earnings

American Electric Power AEP reported $0.80 ongoing EPS for the first quarter of 2013, flat from the year-ago quarter. Management reaffirmed ongoing 2013 EPS guidance of $3.05 to $3.25. The company recently announced a $0.49 quarterly dividend, a 4.3% increase and in line with the previously announced increased targeted dividend payout ratio of 60% to 70%. We are reaffirming our 2013 EPS forecast, our $48 … Continue reading American Electric Power Posts Flat First-Quarter Earnings

Facebook Sued Over Privacy Issues (NASDAQ FB)

Facebook Inc (NASDAQ FB) is facing a class-action lawsuit in Europe that could bring Facebook’s lack of privacy protection into focus. The suit says that after Facebook’s privacy policy became apparently deliberately confusing, violations occurred. Austrian law student and privacy activist Max Schrems said Friday he will challenge the social network in court. Schrems says Facebook violated Europe’s generally clear privacy laws and disregarded its … Continue reading Facebook Sued Over Privacy Issues (NASDAQ FB)

Range’s First-Quarter Results Come in Ahead of Expectations

Range Resources RRC reported first-quarter results Thursday. Quarterly production came in at 876 MMcfe per day, up 4% sequentially and 34% year over year and above both the company’s guidance and our forecast of 839 MMcfe/d. Growth was led by Range’s Marcellus acreage, where the firm continued to deliver impressive results across both its liquids-rich and dry-gas areas. Range maintained its 2013 guidance of 20%-25% … Continue reading Range’s First-Quarter Results Come in Ahead of Expectations

Active Biotech Stock: Alkermes’ Pipeline Development Impresses, Stock Rises Up

Alkermes (NASDAQ ALKS) is leaving no stone unturned to develop its pipeline successfully. The biopharmaceutical company’s pipeline expanded significantly following the purchase of the erstwhile Elan’s drug delivery unit. Elan was acquired by Perrigo Company (NASDAQ PRGO) last year. Important pipeline candidates at Alkermes include ALKS 5461 for treating patients suffering from major depressive disorder (phase III), aripiprazole lauroxil (phase III), ALKS 3831 (phase II) … Continue reading Active Biotech Stock: Alkermes’ Pipeline Development Impresses, Stock Rises Up