Symmetry Medical, Inc. (SMA) reported third-quarter earnings per share of 15 cents that came in a penny shy of the Zacks Consensus Estimate. However, earnings came ahead of last year’s figure of 7 cents.   Sales   Total sales in the reported quarter declined 22% year over year to $87.2 million. The decline was due to lower customer demand across all the business segments as a result of the economic turbulence. Patients are deferring elective procedures as they are not life sustaining in nature.   Instruments revenues declined 15% year over year to $41.3 million. Implants revenues declined 23% year over year to $24.2 million. Both Cases and Other sales registered a decline of 29% and 40%, respectively.    Margins   Symmetry registered an expansion in margins due to its strong cost-cutting initiatives. Operational improvements at the Sheffield, UK unit also helped in improving margins. Gross margin ...

Symmetry Medical Inc. (SMA) has lowered its revenues and earnings per share guidance for the full fiscal 2009. Revenues are now expected in the range of $355 to $365 million, lower than its previous guidance of $385 to $405 million. Earnings per share are estimated in the range of 63 to 68 cents, compared to the prior guidance of 77 to 85 cents.  Shares of Symmetry reacted negatively to the news, with price declining roughly 18% to close at $7.84 at the end of Oct 26, 2009. The company lowered its guidance on the back of lower order flows due to the current economic turbulence. The present global turmoil resulted in customers deferring their buying decisions.  Symmetry Medical is the largest original equipment manufacturer (OEM) provider of orthopedic implants and instruments to orthopedic device manufacturers. The company has created a distinct competitive position in the orthopedic device ...

TriQuint Semiconductor Inc (TQNT) recently reported revenues of $173.0 million in the third quarter of 2009, down 7% year over year but up 2% sequentially. The sequential revenue growth was broad-based and came from all end markets. In particular, network markets grew 13% sequentially, driven by the resurgence in demand after clearance of excess inventory in the WLAN market. Gross margin improved to 35.0% from 33.2% in the previous quarter driven by improved factory utilization and efficient cost management. Net income grew 37% sequentially to $15.7 million. Earnings per share came in at 7 cents, in line with the Zacks Consensus Estimate. As of September, the company had cash and equivalents of $134.6 million, an increase of $35.2 million from the previous quarter. TriQuint had no debt at the end of the quarter. Going forward, management expects revenues between $175 ...

Construction and mining equipment manufacturer Terex Corporation (TEX) announced its third quarter results recently. The company reported wider-than-expected net loss for the quarter. Terex posted a net loss of 77 cents per share, compared to the Zacks Consensus Estimate of a net loss of 33 cents. Profits in the Cranes and Materials Processing & Mining segments were more than offset by losses in the Aerial Work Platforms and Construction segments. The company had posted net profit of 96 cents per share in the comparable quarter of 2008. Net sales during the quarter declined 51.2% to $1,226.1 million from $2,514.6 million in the third quarter of 2008 due to weak sales at all of the company’s businesses, as well as an unfavorable foreign currency translation impact. Sales declined in all the four segments due to the impact of the global economic slowdown on target markets. Order backlog ...

Logitech International (LOGI) reported earnings per share of 11 cents for the second quarter of 2010, higher than the Zacks Consensus Estimate of 6 cents. Sales for the quarter were $498 million, a decrease of 25% compared to $665 million in the same quarter last year. Excluding the unfavorable impact of exchange rate changes, sales decreased by 24%. Logitech’s retail sales for Q2 declined by 19% year over year, with sales down by 5% in the Americas, 24% in EMEA (Europe, Middle East and Africa) and 28% in Asia. OEM (original equipment manufacturer) sales were down by 54%. Retail sales in EMEA declined by 24% compared to the prior year with sell-through down by 21%. In the Americas, retail sales fell by just 5% with sell-through down by 9% compared to the prior year. Sell-through was better than expected in both the US and Canada. The ...

Bucyrus International, Inc. (BUCY) shares are jumping to end the week after announcing a strong third-quarter report that included a sharp earnings surprise.

< ?DART(15);?> The mining equipment manufacturer made the Zacks #1 Rank Top Performers List today with a gain of more than 13%. Volume is also flexing with nearly 8 million shares changing hands, compared to the daily average of 1.9 million.

BUCY is one of the world's leading manufacturers of large-scale excavation equipment used in surface mining. Its machines are used throughout the world by customers mining copper, coal, oil sands, iron ore and other minerals.

The company is part of the machinery-construction/mining industry. Other names from this space on today's Zacks #1 Rank List include heavy hitters like Caterpillar, Inc. (CAT), Ingersoll-Rand plc (IR) and Joy Global, Inc. (JOYG).

Third Quarter

Bucyrus reported third-quarter earnings

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For Immediate Release

Chicago, IL – October 13, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TriQuint (TQNT), Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD), RF Micro Devices (RFMD) and Becton, Dickinson and Co. (BDX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

TriQuint Launches New Solutions

TriQuint (TQNT) recently announced that it would launch new solutions for cable systems, microwave radio and optical networks to enable network operators meet the growing demand for broadband services more efficiently and economically.

Management stated that network operators expect to see

...

TriQuint (TQNT) recently announced that it would launch new solutions for cable systems, microwave radio and optical networks to enable network operators meet the growing demand for broadband services more efficiently and economically. Management stated that network operators expect to see substantial increases in radio, optical and cable network traffic because of the growing popularity of home and mobile data applications. Operators are looking for cost effective ways to expand capacity while lowering operational expenses. Radio products and cable infrastructure are expected to grow at a compound annual growth rate (CAGR) of 10% through 2013. Fiber optic IC market CAGR is expected to double during this period and emerging 40Gb/s segment should lead growth with a projected 78% CAGR. Hence, TriQuint expects to place itself in a dominant position with new solutions to capitalize on the massive growth potential. Based in Hillsboro, OR, TriQuint ...

Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Tuesday September 29, 2009

DrStockPick.com Stock Report!

PFE, PWRM, TXN, CSRH, AA, CVAT, DOW

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PFE, Pfizer Inc.

PFE is the world’s premier biopharmaceutical company taking new approaches to better health. We discover, develop, manufacture and deliver quality, safe and effective prescription medicines to treat and help prevent disease for both people and animals.

China’s Ministry of Commerce has approved PFE’s pending acquisition of Wyeth. The Ministry’s decision includes PFE’s commitment to divest certain animal health assets in China.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways,

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TriQuint Semiconductor (TQNT) announced that it has signed an agreement with Huawei to supply driver amplifiers and related products for new optical transport systems. TriQuint will also work closely with Huawei to develop higher speed and wider bandwidth network solutions with lower power consumption for operators worldwide.  Based in Hillsborough, TriQuint is an original equipment manufacturer (OEM) of semiconductor communication integrated circuits (ICs) and specifically targets the wireless handset segment, infrastructure networks, and defense markets. Huawei is a leader in providing next-generation telecommunications network solutions for operators around the world.  In addition, both Huawei and TriQuint have agreed to assist each other in enhancing the competitiveness of their products. Management stated that TriQuint is looking forward to support Huawei’s development and deployment of next-generation 40Gb/s optical networks as well as the evolution of ultra high-speed 100Gb/s networks.  TriQuint Semiconductor recently announced the acquisition of TriAccess ...