Mon
11/5/2012
12:33 PM
Enzo Biochem Inc. (NYSE: ENZ) ENZ (Enzo Biochem) previously reported that the jury in the Enzo action entitled Enzo Biochem, Inc. et al. vs. Applera Corp. and Tropix Inc. in New Haven, CT Civil Action No. 3:04cv929 (JBA), has rendered its verdict that Applera Corp., now Life Technologies, Inc. (LIFE), infringed Enzos patents covering pioneering technologies relating to compounds used in DNA sequencing systems to read the genetic code. The jury awarded $48.6 million in direct infringement penalties. In addition, a pre-judgment (interest) award will be awarded by the Court. Attorneys for Enzo estimate that the addition of the pre-judgment award should add additional recoveries of up to tens of millions of dollars. The jury also found that Life Technologies sequencing instruments induced its customers to infringe Enzos patent No. 5,449,767. The sales of such instruments are estimated to be $770 million. Enzo plans to seek damages based on the jury decision that the sale of Life Techn...
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11/4/2012
9:18 AM
Enzo Biochem Inc. (NYSE: ENZ) ENZ ("Enzo Biochem") previously reported results for the fourth quarter and year ended July 31, 2012, and introduced a Company-wide realignment program to improve profitability and reduce operating expenses. The program will begin to favorably impact financial results in the current quarter. For the fiscal fourth quarter ENZ ("Enzo Biochem") total revenues amounted to $26.4 million, compared with $26.8 million in the corresponding year-earlier period. Of the total, revenues from Clinical Labs amounted to $15.9 million, and were 11% greater than a year ago reflecting wholly organic growth. Life Sciences product revenues declined 15% to $8.9 million, but gross profit margins as a percent of revenues advanced to 42%, from 39% last year. For full year results ENZ ("Enzo Biochem") total revenues increased to $103.1 million, from $102.0 million last year. Gross profit totaled $47.1 million, or 46% as a percentage of revenues, compared with $48.2 million, or 47%,...
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11/3/2012
11:00 AM
LinkedIn Corporation (NYSE: LNKD) LNKD ("LinkedIn Corporation") previously reported its financial results for the third quarter ended September 30, 2012. LNKD ("LinkedIn Corporation") Revenue for the third quarter was $252.0 million, an increase of 81% compared to $139.5 million in the third quarter of 2011. LNKD ("LinkedIn Corporation") Net income for the third quarter was $2.3 million, compared to a net loss of $1.6 million for the third quarter of 2011. Non-GAAP net income for the third quarter was $25.1 million, compared to $6.6 million for the third quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets. LNKD ("LinkedIn Corporation") Adjusted EBITDA for the third quarter was $56.0 million, or 22% of revenue, compared to $24.7 million for the third quarter of 2011, or 18% of revenue. LNKD ("LinkedIn Corporation") Revenue from the U.S. totaled $162.4 million, and represented 64% of total re...
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11/2/2012
8:56 AM
Gunther Grant, Inc. (PINKSHEETS: GNGR) GNGR ("Gunther Grant") previously reported that its new operations produced revenues in excess of $20,000.00 in its first month and is already showing a significant jump in month two. GNGR ("Gunther Grant") continues to receive daily purchase orders for its gourmet fudge and other novelty products supplied by its subsidiaries. GNGR ("Gunther Grant") recently reported that it has secured a retail lease in Oakdale, NY and is in the process of setting up its first "Chocolates and Treasures" retail outlet. GNGR ("Gunther Grant") will combine the products from two of its subsidiaries, Neat Stuff for Sale and Got Chocolates, Inc. to provide consumers with a store to shop for good old fashioned chocolates and antiques/collectibles. Bullworthy, LLC, recently released a Bullworthy Equity Research Report, with a BUY rating on GNGR ("Gunther Grant") and a five-year price target range of $0.013 to $4.87. Gunther Grant, Inc. (PINKSHEETS: GNGR) owns controlling...
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11/1/2012
1:40 PM
Ellie Mae, Inc. (NYSE: ELLI) ELLI (Ellie Mae) previously reported results for the third quarter and nine months ended September 30, 2012. ELLI (Ellie Mae) Total revenue for the third quarter of 2012 increased 87% to $27.5 million, compared to $14.7 million in the third quarter of 2011. Net income for the third quarter of 2012 was $6.8 million, or $0.25 per diluted share, compared to net income of $2.7 million, or $0.12 per diluted share, in the third quarter of 2011. Included in the GAAP net income for the third quarter 2012 was an income tax benefit of approximately $700 thousand, or $0.03 per diluted share, resulting from the release of a tax valuation allowance relating to deferred tax assets. ELLI (Ellie Mae) Total revenue for the nine months ended September 30, 2012 increased 96% to $71.9 million compared to $36.7 million for the nine months ended September 30, 2011. Net income for the nine months ended September 30, 2012 was $15.5 million, or $0.63 per diluted share, compar...
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11/1/2012
1:29 PM
Baidu, Inc. (NASDAQ: BIDU) BIDU (Baidu) previously reported its unaudited financial results for the third quarter ended September 30, 2012(1). BIDU (Baidu) reported total revenues of RMB6.251 billion ($994.6 million) for the third quarter of 2012, representing a 49.7% increase from the corresponding period in 2011. (1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.2848 to US$1.00, the effective noon buying rate as of September 28, 2012 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. BIDU (Baidu) Online marketing revenues for the third quarter of 2012 were RMB6.246 billion ($993.8 million), representing a 49.6% increase from the corresponding period in 2011. Baidu had approximately 390,000 active online marketing custo...
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10/31/2012
9:58 AM
Five Star Quality Care, Inc. (NYSE: FVE) FVE (Five Star Quality Care) previously reported its financial results for the quarter and nine months ended September 30, 2012. FVE (Five Star Quality Care) total revenues for the third quarter of 2012 increased 7.0% to $332.4 million from $310.6 million for the same period in the previous year. FVE (Five Star Quality Care) earnings before interest, taxes, depreciation and amortization, or EBITDA, for the third quarter of 2012 were $11.7 million compared to $9.9 million for the same period in the previous year. Five Star Quality Care, Inc. (NYSE: FVE) is a senior living and healthcare services company. As of September 30, 2012, we operated 252 senior living communities with 28,262 living units located in 30 states, including 31 communities (2,952 living units) that we own and operate, 191 communities (20,812 living units) that we lease and operate, and 30 communities (4,498 living units) that we manage. These communities include independe...
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10/30/2012
1:33 PM
The New York Times Company (NYSE: NYT) NYT (The New York Times Company) reported a 2012 third-quarter diluted loss per share from continuing operations of $.02 compared with diluted earnings per share from continuing operations of $.04 in the same period of 2011. Excluding severance and the 2011 special items discussed below, diluted loss per share from continuing operations was $.01 in the third quarters of each of 2012 and 2011. The Company had an operating profit of $8.5 million in the third quarter of 2012 compared with $21.0 million in the same period of 2011. Excluding depreciation, amortization and severance, operating profit was $34.0 million in the third quarter of 2012 compared with $47.7 million in the third quarter of 2011. The New York Times Company (NYSE: NYT), a leading global, multimedia news and information company with 2011 revenues of $2.3 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com, BostonGlobe.com, Boston....
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10/30/2012
8:25 AM
Polaris Industries Inc. (NYSE: PII) Polaris Defense, a division of PII (Polaris Industries), recently showcased two advanced vehicle technologies, designed to address the U.S. militarys need for increased vehicle survivability, at the AUSA 2012 Annual Meeting & Exposition. A lightweight, advanced armor solution and non-pneumatic tires (NPT) were on display in Polaris Defense booth #3913 at the Washington Convention Center, Washington, D.C. PII (Polaris Industries) previously reported record third quarter net income of $1.33 per diluted share for the quarter ended September 30, 2012, up 40 percent from the prior years third quarter net income of $0.95 per diluted share. PII (Polaris Industries) reported net income was $94.3 million for the 2012 third quarter, up 39 percent from the previous third quarter net income of $67.6 million. PII (Polaris Industries) sales for the third quarter 2012 totaled a record $879.9 million, an increase of 21 percent over last years third quarte...
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10/29/2012
9:56 AM
Polaris Industries Inc. (NYSE: PII) Polaris Defense, a division of PII ("Polaris Industries"), recently showcased two advanced vehicle technologies, designed to address the U.S. militarys need for increased vehicle survivability, at the AUSA 2012 Annual Meeting & Exposition. A lightweight, advanced armor solution and non-pneumatic tires (NPT) were on display in Polaris Defense booth #3913 at the Washington Convention Center, Washington, D.C. PII ("Polaris Industries") previously reported record third quarter net income of $1.33 per diluted share for the quarter ended September 30, 2012, up 40 percent from the prior years third quarter net income of $0.95 per diluted share. PII ("Polaris Industries") reported net income was $94.3 million for the 2012 third quarter, up 39 percent from the previous third quarter net income of $67.6 million. PII ("Polaris Industries") sales for the third quarter 2012 totaled a record $879.9 million, an increase of 21 percent over last years third quarte...
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