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Nov 3, 2009
Health care services company Kindred Healthcare Inc. said Monday it turned a better-than-expected profit in the pearl jewelry third quarter, compared with a year-ago period in which it lost money after closing a hospital. Kindred also raised its 2009 prof
Health care services
company Kindred Healthcare Inc. said Monday it
turned a better-than-expected profit in the pearl jewelry
third quarter, compared with a year-ago period in
which it lost money after closing a hospital.
Kindred also raised its 2009 profit forecast, but
expressed concern about the effects that lower
Medicare and Medicaid reimbursement rates could
have on its nursing center business next year,
sending shares tumbling in biwa pearl
after-hours trading.
Kindred said it earned $5.5 million, or 14 cents
per share, compared with a loss of $21.3 million,
or 54 cents per share a year ago. The most recent
quarter included a tax gain of 4 cents per share.
One year ago, Kindred booked a $22.1 million charge
after closing a hospital, and said its results were
hurt by shorter stays by patients, higher costs,
and hurricanes in the Gulf region. Excluding
one-time items, Kindred said it earned 5 cents per
share in the akoya
pearl 2008 period.
Revenue picked up 6 percent to $1.06 billion from
$997.1 million, with growth seen across all
divisions. The company said results were helped by
growth in non-government admissions and favorable
commercial pricing.
Posted at 09:16 pm by whoyg284
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South Dakota and southern Minnesota
Developers of a $1.6 billion electric power plant
in northeastern South Dakota abandoned the project
Monday, saying they were unable to akoya
pearl recruit other investors after one of the
principal utility backers pulled out.
The Big Stone II plant, planned for construction
next to an existing power station near Milbank,
S.D., was meant to supply about 550 megawatts of
power to utilities in biwa pearl North
Dakota, South Dakota and southern Minnesota.
It had the necessary permits from state regulators
to begin building, but financing the plant's
construction proved to be too difficult, project
officials said.
Representatives of environmental groups celebrated
the project's demise, saying continued development
of a large, coal-fueled power station went against
national trends favoring wind power and other
renewable energy sources.
"This is happening in the context of coal plants
around the country being abandoned," said Margaret
Levin, state director for the Minnesota North Star
chapter of the Sierra Club.
"I would certainly attribute this outcome to
pearl jewelry
an increased understanding ... that we have got to
switch away from coal and other dirty forms of
power," Levin said.
Posted at 09:16 pm by whoyg284
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remaining debt if lenders would
DEARBORN, Mich. (AP) ¡ª Ford Motor Co. said Monday
it will ask its lenders for extra time to repay at
least some of the
pearl jewelry
$10.1 billion borrowed under a line of credit, and
will sell about $3.3 billion in stock and
convertible debt to raise more cash. Ford President
and CEO Alan Mulally said that over time the moves
will "reduce the company's debt burden, providing
an additional cushion given the still uncertain
state of the economy." The news came after Ford,
the only Detroit automaker to dodge direct
government aid and bankruptcy court, reported a
surprise quarterly profit of nearly $1 billion and
said it biwa
pearl will be profitable by 2011.
Ford said it will pay down 25 percent of the
revolving credit line and is offering higher
interest and fees on its remaining debt if lenders
would agree to push back the date the credit line
is due by two years to Nov. 30, 2013.
In a filing with the akoya
pearl Securities and Exchange Commission
earlier this year, Ford listed borrowings under its
secured revolving loan due in 2011 at about $10.1
billion and said the loan bears interest at 2.25
percent above the London interbank offered rate. It
had borrowed the $10.1 billion on Feb. 3, "due to
concerns about the instability in the capital
markets and the uncertain state of the global
economy," Ford said in the Aug. 5 filing.
Posted at 09:15 pm by whoyg284
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likely expecting an upside surprise
Purchase, N.Y. (TheStreet) -- MasterCard(MA Quote)
is set to report its third-quarter results before
the opening bell on Tuesday, and the company's
prospects continue to bode well as increasing
numbers of consumers and businesses shift to
plastic payments from cash.
But, following a strong report last week from rival
Visa (V Quote) and the outperformance of
MasterCard's stock in the past year, Wall Street is
likely expecting an upside surprise.
The average estimate of akoya
pearl analysts polled by Thomson Reuters is for
a profit of $2.94 a share from MasterCard in the
September quarter on $1.35 billion of revenue.
In the year-earlier quarter, the company lost
$193.5 million, or $1.49 a share. Last year's
results included a charge of $827.5 million ($515.5
million after taxes) related to an antitrust
litigation settlement with Discover Financial
Services (DFS Quote). Excluding the charge,
MasterCard earned $2.47 a share in the year-ago
period, besting the average analysts' view of $2.25
a share
Some indications about MasterCard's performance can
likely be extrapolated from the numbers recently
posted by Visa, which is nearly double the size of
biwa pearl
MasterCard. Based in San Francisco, Visa reported
quarterly adjusted earnings of $552 million, or 74
cents per class A common share on Oct. 27, coming
in 2 cents ahead of Wall Street's consensus view.
Visa's better than expected profit primarily came
from continued growth in its debit business as well
as its volume of processed transactions, factors
that may not carry the same weight for MasterCard.
While neither company holds loans on its balance
sheet, a fact that's allowed each to largely avoid
the credit troubles of the last two years, both
firms have been hit by reduced payments volumes,
particularly in their U.S.-based credit card
businesses. MasterCard, however, has been affected
more than Visa because it pearl jewelry
relies more heavily on its credit card business.
MasterCard is making headway in its debit business
but it still has a long way to go to surpass Visa.
Posted at 09:06 pm by whoyg284
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But while the S&P Retail Index is nearly flat,
there are some big movers within the sector.
Zale(ZLC Quote) is one of the pearl jewelry
biggest gainers, surging 6.6% to $5.04, after
falling more than 20% on Friday.
Last week, the jeweler announced that it widened
its loss in its fourth quarter and is being
investigated by the Securities and Exchange
Commission on accounting issues.
Wal-Mart Stores(WMT Quote), meanwhile, is up 1% to
$50.17 this afternoon after it announced it is
cutting prices on biwa pearl toys
by 20% to 30%. This is the second round of price
cuts for the category, as Wal-Mart solidifies its
place as the price leader for the holiday season.
Nordstrom(JWN Quote) has risen by 1.1% to $32.14
after it was upgraded by Deutsche Bank to buy from
hold, as it predicts sales growth.
The high-end department store's move to cut prices
and offer higher-quality merchandise should give it
a boost, analyst Bill Dreher wrote in a research note.
99 Cents Only Stores(NDN Quote) is jumping 5.5% to
$11.99 ahead of akoya
pearl its second-quarter earnings release on
Wednesday. Meanwhile, other notable gainers include
Chico's FAS(CHS Quote), which is advancing 4.9% to
$12.54, Dollar Tree(DLTR Quote), which is gaining
5% to $47.38, and Vitamin Shoppe(VSI Quote), which
is increasing by 4.2% to $18.31.
Posted at 07:31 pm by whoyg284
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