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Hexcel Corp. (HXL)
Hexcel Corporation today reported third quarter earningse were $10.4 million, or $0.11 per diluted share, compared to $33.0 million or $0.34 per diluted share in 2008. Net sales during the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008.
Oct 26 · 7:35:00 PM · Source: Company News Release
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by Larry Etter
Hexcel Corp. (HXL)
Hexcel Corporation today reported third quarter earningse were $10.4 million, or $0.11 per diluted share, compared to $33.0 million or $0.34 per diluted share in 2008. Net sales during the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008.
Oct 26 · 7:33:00 PM · Source: Company News
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by Larry Etter
Allied Capital Corp. (ALD)
Ares Capital Corporation and Allied Capital Corporation announced today that they have entered into a definitive agreement under which Ares Capital will acquire Allied Capital in an all stock transaction currently valued at $648 million, or approximately $3.47 per Allied Capital share. This represents a 27.3% premium to Allied Capital’s closing stock price on Friday, October 23, 2009. The Boards of Directors of both companies have each unanimously approved the transaction.
Oct 26 · 7:26:00 PM · Source: Company News Release · Related: Ares Capital Corporation
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by Larry Etter
V.F. (VFC)
VF Corp., maker of such apparel brands as the North Face, Vans, Wrangler and Lee, said its third quarter net profit fell to $217.9 million, or $1.94 per share, from $233.9 million, or $2.10 per share, a year earlier. Revenue fell 5 percent to $2.1 billion from $2.2 billion a year earlier.
Earnings missed Wall Street estimates
Oct 26 · 7:21:00 PM · Source: Company News Release
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by Larry Etter
Winn-Dixie Stores (WINN)
Grocery-store operator Winn-Dixie Stores said that during its fiscal first quarter it posted a loss of $8.1 million, or 15 cents per share. This included an impairment charge of 6 cents per share related to the closures of six stores, and compares with a loss of $2.3 million, or 4 cents per share, in the year-ago quarter. Sales fell 2 percent to $1.64 billion from $1.68 billion.
Analysts had expected a loss of 2 cents per share on $1.64 billion in revenue.
Oct 26 · 7:15:00 PM · Source: Company News Release
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by Larry Etter
Caterpillar (CAT)
Caterpillar the world's biggest maker of heavy machinery, said Monday it plans to permanently cut 2,500 workers even as increasing demand will allow it to recall some employees who were laid off during the economic downturn.
Oct 26 · 3:35:00 PM · Source: Company News Release
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by Larry Etter
Barnes & Noble (BKS)
Shares of Barnes & Noble Inc fell on Friday, dropping after Goldman Sachs downgraded the stock to "sell" from "neutral." The firm wrote that the bookseller's move into electronic books could weigh on its profits.
Oct 26 · 11:03:00 AM · Source: Interactive Investor
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by Rich Pike
General Cable Corp. (BGC)
General Cable reported third quarter earnings of $16.4 million, or 31 cents a share, compared with earnings of $50.5 million, or 94 cents a share, a year ago. Excluding items, it earned 55 cents a share. Net sales fell 25 percent to $1.08 billion.
Company said weak demand and rising metal prices would hurt its fourth-quarter earnings.
Oct 26 · 10:10:00 AM · Source: Company News Release
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by Larry Etter
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