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American Electric Power (AEP)
American Electric Power Co. Inc. reported that the Arkansas Supreme Court will review a lower-court decision overturning a key construction permit for a $1.6 billion coal-fired power plant that a unit of the company is building in the state.
"Obviously we are very pleased that the Supreme Court has chosen to review the case," said Paul Chodak, president and chief operating officer of Southwestern Electric, a unit of AEP, in a press release. He said the permit was rejected by the lower court because of the approval process rather than the merits of building the plant.
Oct 23 · 11:53:00 AM · Source: NASDAQ
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by Michael Oliveto
Amcol International Corporation (ACO)
Amcol International Corp (ACO.N) posted a third-quarter profit attributable to shareholders was $13.3 million, or 43 cents per share, compared with $1.9 million, or 6 cents per share, a year earlier. Net sales at the company fell 25 percent to $190.9 million.
The specialty minerals company handily beat analysts' estimates, helped by better margins across its businesses
Oct 23 · 11:39:00 AM · Source: Company News Release
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by Larry Etter
Abbott Labs (ABT)
Abbott today dedicated its new Abbott Nutrition facility at the Research Park on the University of Illinois campus.
Abbott will use the facility to research and develop nutritional products for infants through adults. The company, which operates more than 100 facilities worldwide and sells products in more than 130 countries, will initially collaborate with faculty and students in the College of Agricultural, Consumer and Environmental Sciences. The company is beginning with 11 student interns and full time management.
Oct 23 · 11:37:00 AM · Source: Reuters
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by Michael Oliveto
L.B. Foster (FSTR)
L.B. Foster Company today reported third quarter 2009 net sales decreased 36.5% to $92.4 million compared to $145.6 million in the prior year quarter. Net income of $6.1 million or $0.60 per diluted share compared to net income of $8.1 million or $0.76 per diluted share in the third quarter of 2008.
All of the company segments posted significant declines in net sales for the third quarter.
Oct 23 · 11:35:00 AM · Source: Company News
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by Larry Etter
IDEXX Laboratories (IDXX)
IDEXX Laboratories, Inc. today reported that revenues for the third quarter of 2009 were $259.1 million compared to $251.1 million for the third quarter of 2008. Organic revenue growth, as defined below, was 5%. Earnings per diluted share for the quarter ended September 30, 2009 grew 24% to $0.52 from $0.42 for the same period in the prior year.
Oct 23 · 11:30:00 AM · Source: Company News
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by Larry Etter
Horizon Lines, Inc. (HRZ)
Horizon Lines Friday reported that net income for the third quarter totalled $8.4 million, or 27 cents a share, down from $11.1 million, or 37 cents a share, reported last year. Operating revenue fell about 13 percent to $308.0 million.
The container shipping company said volumes were down 5.7 percent from last year, but noted that it was an improvement over the past three quarters and volume performance indicates that it might be coming off the bottom.
Oct 23 · 11:23:00 AM · Source: Company News
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by Larry Etter
Fortune Brands (FO)
Fortune Brands, Inc. today reported net sales for the third quarter were $1.72 billion, down 11%, reflecting flat sales for the company’s spirits business, and more moderate revenue decreases for the golf and home products brands. Diluted earnings per share were $0.82, and excluding one-time items, diluted EPS before charges/gains was $0.77.
Given its third-quarter performance and signs of stabilization in the U.S. new-home construction market, the company raised the bottom end of its full-year earnings target range. The company is now targeting to deliver EPS before charges/gains for 2009 of $2.10-2.30 versus its previous target of $2.00-2.30.
Oct 23 · 11:10:00 AM · Source: Company News Release
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by Larry Etter
Wilmington Trust (WL)
Wilmington Trust reported a loss of $5.9 million, or $0.15 per diluted common share, for the third quarter of 2009 compared to a profit of $22.9 million, $0.22 per diluted common share in the third quarter of the prior year.
“The Corporate Client Services business recorded impressive revenue growth, the provision for loan
losses declined, the net interest margin improved, and there were numerous other positive developments
during the third quarter,” said Ted T. Cecala, Wilmington Trust chairman and chief executive officer.
“Unfortunately, recessionary pressures reduced the value of some of our investment securities and
triggered accounting rules that require us to write them down.”
Oct 23 · 10:55:00 AM · Source: Press Release
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by Rich Pike
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