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Yelp Inc. (YELP) reported narrower-than-expected loss for the second quarter, and higher revenues that surpassed the Street view.
Looking ahead...
- Q3 revenues expected in the range of $34.5 million - $35.5 million. Analysts expect $34.30 million
- FY12 revenue target raised to $135 million - $136 million from prior view of $128 million - $132 million. Analysts expect revenues of $130.72 million.
U.S. solar panel maker First Solar Inc. (FSLR) reported sharp growth in second-quarter profit that topped the Street view, reflecting an increase in the number and size of projects under construction.
Lifted FY12 Forecast
- FY12 EPS target raised to $4.20 - $4.70 from the prior view of $4.00 - $4.50.Analysts expect EPS of $3.95.
- Net sales outlook increased to $3.6 billion - $3.9 billion from prior guidance of $3.5 billion - $3.8 billion. Analysts expect $3.48 million for FY12.
On-demand, enterprise level automation solutions provider Ellie Mae (ELLI) issued third-quarter financial guidance and boosted forecast for fiscal 2012.
Q3 Guidance
- Revenue expected to be $23.75 million - $24.25 million. Consensus - $19.25 million.
- Net income expected to be $3.7 million - $4.1 million, or $0.14 - $0.15 per share
- Adjusted net income projected to be $5.0 million - $5.4 million, or $0.18 - $0.20 per share. Consensus - $0.06 per share.
FY12 Outlook
- Revenue target lifted to $90.0 million - $91.0 million from prior view of $78.0 million - $79.0 million. Consensus - $79.69 million.
- Net income now seen at $12.3 million - $13.1 million or $0.49 - $0.52 per share, up from prior range of $5.8 million - $6.3 million or $0.26 - $0.28 per share
- Adjusted net income target raised to $17.1 million - $18.0 million or $0.68 - $0.72 per share from previous view of $9.6 million - $10.1 million or $0.42 - $0.45 per share. Consensus - $0.44 per share.
SurModics Inc. (SRDX) increased its fiscal 2012 financial outlook.
- Now sees FY12 revenue of $51 million - $52 million, above initial guidance of $47 million - $51 million. Consensus - $49.56 million.
- outlook for FY12 EPS from cont. ops. raised to $0.56 - $0.59 from prior view of $0.45 - $0.53 per share. Consensus - $0.53 per share.
Transocean Ltd. (RIG) reported a higher-than-expected revenues, and adjusted income beat estimates, although the company incurred a GAAP loss. Analysts expected revenues of $2.49 billion.
- Adjusted net income was $0.72 vs. $0.50 last year. Consensus - $0.45 per share.
Sturm, Ruger & Co. Inc.'s (RGR) Q2 net income rose to $18 million or $0.91 per share from $10.8 million or $0.56 per share last year. Consensus - $0.80 per share.
- Q2 total net sales grew to $119.6 million from $79.6 million last year. Consensus $107 million.
Atwood Oceanics Inc. (ATW) reported better-than-expected third-quarter profit of $51.7 million or $0.79 per hare versus consensus of $0.73 per share. Year-ago profit - $75.3 million or $1.15 per share.
- Revenues rose to $178.60 million from prior year's $162.15 million. Consensus - $169.68 million.
Union Drilling Inc. (UDRL) swung to a second-quarter profit of $607 thousand or $0.03 per share from loss of $3.43 million or $0.15 per share last year. Consensus loss of 5 cents/share.
- Q2 revenues rose to $68.1 million from $59.9 million last year.
American Eagle Outfitters Inc. (AEO) raised Q2 EPS target to $0.19 - $0.21 from prior view of $0.13 - $0.15 per share. Consensus - $0.15 per share.
- Q2 net sales at $740 million, up 11% from $669 million last year. Consensus - $716.66 million.
- Q2 Comparable store sales rose 9%, including sales from AEO direct.
Trimble Navigation Ltd. (TRMB) reported higher Q2 results that topped the Street view.
- Sees Q3 EPS in the range of $0.33 - $0.35 per share
- Expects Q3 adjusted EPS of $0.62 - $0.64 per share. Consensus - $0.62 per share.
- Q3 revenue expected to be $492 million - $497 million. Consensus - $485.19 million.
Comfort Systems USA Inc. (FIX) Q2 net income rose to $4.47 mln or $0.12 per share from $3.16 mln or $0.08 per share last year. Revenue increased to $354.8 mln from $312.1 mln prior year. Consensus -EPS $0.08 on revenues of $345.1 mln.
DXP Enterprises Inc. (DXPE) Q2 net income rose to $12.2 mln from $7.6 mln last year
- Q2 EPS increased to $0.80 from $0.50 last year. Consensus - $0.78 per share.
- Q2 sales up 32.5% to $261.9 mln from $197.7 mln last year. Consensus - $257.42 mln
Portfolio Recovery Associates Inc. (PRAA) Q2 net income grew to $32.02 mln from $25.57 mln last year
- Q2 EPS rose to $1.87 from $1.48 last year. Consensus - $1.64 per share.
- Q2 revenues up 29% to $147.86 mln from $114.80 mln prior year. Consensus - $140.74 mln.
DaVita Inc. (DVA) reported better-than-expected Q2 results and raised operating income guidance for fiscal 2012.
- Lifts FY12 operating income target to $1.27 billion - $1.32 billion from prior view of $1.23 billion - $1.31 billion.
- Still sees FY12 operating cash flows to be $950 million - $1.05 billion.
MedAssets Inc. (MDAS) reported higher-than-expected results for the second quarter, and increased financial outlook for fiscal 2012.
-Lifts FY12 revenue target to $620 mln - $630 mln from prior view of $596 mln - $610 mln. Consensus - $608.23 mln
-Raises FY12 EPS target to $0.13 - $0.21 from prior outlook of $0.11 - $0.21
- Increases FY12 adj. EPS guidance to $1.05 - $1.13 from prior target of $1.00 - $1.10. Consensus - $1.06 per share.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.