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WednesdayMay 14, 2008 4:14 am

Barr's Pharmaceuticals, Inc. (BRL) Shares Drop on Earnings Report and Forecast

Barr's Pharmaceuticals (NYSE: BRL) recently announced weaker-than-expected sales for the first quarter and lowered its 2008 financial forecast for the second quarter in a row. Shares of the company’s stock plunged more than 22 percent last week to $38.40 per share on the news, a new 52-week low. Quarterly revenue rose to $608 million, up from the prior year’s $597 million; however, sales of generic drugs dropped to $469 million down from $471 million last year. In addition, U.S. sales declined to $261 million from $307 million. The disappointing earnings prompted Barr Pharmaceuticals to lower its 2008 earnings forecast to…

WednesdayMay 14, 2008 4:12 am

Wal-Mart Stores Inc. (WMT) Low Prices Lured Shoppers in the First Quarter

Wal-Mart Stores Inc. (NYSE: WMT) recently announced that the company’s first-quarter profits rose 6.9 percent. For April, the company recorded a 3.2 percent same-store increase without fuel. Estimates for May are expected to be flat and the company issued a cautious outlook for the second quarter due to the struggling economy. Wal-Mart earned $3.02 billion, or 76 cents per share, for the three-month period ending April 30, up from $2.83 billion, or 68 cents per share, one year earlier. The company attributes the strong quarter and beating Wall Street’s expectations to improving inventory management and providing better customer service. Wal-Mart’s…

WednesdayMay 14, 2008 4:10 am

China Automotive Systems, Inc. (CAAS) Reports Strong First Quarter Sales Growth and 170% Increase in Net Income

China Automotive Systems (CAAS), a maker of power steering components for automobiles in China, reported solid first quarter results. Revenues increased 46% year over year to $41.5 million, resulting in a 170% increase in net income to $4.4 million, or 18 cents per diluted share. Qizhou Wu, Chief Executive Officer of China Automotive Systems, stated, "We are excited to report a strong quarter witnessed by the high sales volume growth in particular from the accelerating sales in the commercial vehicle sector due to the forthcoming nationwide Euro III adoption. We are equally pleased with our strong growth momentum in the…

TuesdayMay 13, 2008 7:48 pm

CDI Corp. (CDI) Awarded a $139M, Five-Year Contract from U. S. Navy

CDI Corp. (CDI), based in Philadelphia, Pennsylvania, provides engineering and information technology outsourcing solutions and professional staffing to a wide range of Fortune 1,000 customers in the aerospace, process & industrial, IT, life sciences and government services sectors. The company was incorporated in September 1950 as Comprehensive Designers Inc. with the mission of providing quality technical and engineering services to businesses on a temporary or outsourced basis. Operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited, and Management Recruiters International, Inc. CDI Marine Company, a CDI-Government Services business unit, was recently awarded a watercraft engineering and marine…

TuesdayMay 13, 2008 7:36 pm

Elleipsis Global Travel Solutions, Inc. (EGTS.PK)

Elleipsis Global Travel Solutions, Inc. (EGTS.PK) owns Elleipsis, Inc. The company has developed and offers a single source travel software, TravelTalk®. The software is a proprietary, web-based technology used to connect travel industry customers to the world’s largest Global Distribution Systems. Elleipsis’ TravelTalk® offers customers the ability to access travel content from aggregated and non-aggregated content sources. Aggregated sources include industry leaders such as Amadeus, Galileo, Sabre, and Worldspan. The TravelTalk® series consists of TravelTalk® Travel Portal, TravelTalk® Connect, and TravelTalk® Dynamic Packaging. The technology is able to implement the inter-operability of leading edge technologies such as Simple Object Access…

TuesdayMay 13, 2008 5:43 pm

Famous Uncle Al’s Hot Dogs (FDOG.OB) Wins “Best of” Awards in Virginia

Uncle Al’s Hot Dogs & Grille, Inc. (OTCBB: FDOG), based in Danbury, Connecticut, is a leading franchise concept. The company’s origins began with Uncle Al Stein, a native of Brooklyn, New York who was dedicated to serving the “best hot dogs” available. The original Famous Uncle Al's restaurant was opened in 1985 and then expanded throughout the Virginia Beach, Virginia area. Recognizing the possibilities for national expansion, the company acquired the exclusive worldwide franchise rights from the 22-year-old, Virginia-based group of privately owned restaurants. Today, “Famous Uncle Al’s” Grilles operate in strategic markets including Virginia, Florida, Connecticut, Arizona, and Nevada,…

TuesdayMay 13, 2008 5:41 pm

OTCPicks Featured Company: Comtex News Network, Inc. (CMTX.OB) Releases Third Quarter Fiscal 2008 Earnings

Comtex News Network, Inc. (OTCBB: CMTX) today announced their financial earnings for the third fiscal quarter and the nine month period ended March 31, 2008. The company is a leader in providing economically useful electronic real-time news, content, and SmarTrend® market products. Numbers showed an operating income of $232,000 and a net income of $244,000, or $0.02 per share for the fiscal third quarter of 2008. Both numbers increased from last year's numbers of $61,000 and a net loss of $181,000 for the third quarter of last year. The significant growth is due to decreases in both fixed product costs…

TuesdayMay 13, 2008 5:14 pm

R.H. Donnelley Corporation (RHD) Posts First Quarter Losses, Launches Refinancing

R.H. Donnelley Corporation, self-billed as a leading Yellow Pages publisher and online, local search company, is faltering following the release of first quarter financial results. Although revenues reached $675 million, up 2 percent from the same quarter in the prior year, it was unable to overshadow a first quarter net loss of $1.6 billion. That figure reflects a goodwill impairment charge of $2.5 billion, without the effects of which net income would have been $15 million. Adjusted free cash flow in the quarter was $92 million, and RHD adjusted EBITDA posted strong at $375 million, though with an outstanding debt…

TuesdayMay 13, 2008 5:12 pm

Largest Public Mining Company to Pay $80M for Stake in Farallon Resources Ltd.’s (FRLLF.OB) Silver Production

Shares of Farallon Resources Ltd. (OTCBB: FRLLF) are up nearly 12 percent in afternoon trading, moving on word that the company has secured an agreement with a subsidiary of Silver Wheaton Corp., in which Silver Wheaton will purchase 75 percent of the silver produced from the Campo Morado polymetallic project in Guerrero State, Mexico, for $80 million. “We are very pleased to have completed this transaction with Silver Wheaton, which will greatly assist us in our plans to complete the G-9 Project. Silver Wheaton is the largest public mining company with a 100 percent of its operating revenue from silver…

TuesdayMay 13, 2008 3:40 pm

Elleipsis Inc. (EGTS.PK) Sets Sail with AllAboard Cruises for Enhanced Booking Solutions

Elleipsis Inc. (Pink Sheets: EGTS) operates through its wholly-owned subsidiary, Elleipsis Inc. to provide travel booking and Web services for the booming travel industry. The company today announced it has teamed up with online cruise travel agency, AllAboard Cruises, to power its cruise reservation system. Per the agreement, Elleipsis will be responsible for backend reservations and booking transactions for AllAboard’s online travel agency. Elleipsis has developed TravelTalk Portal, a Web-based travel platform used to book automated reservations for travel suppliers. The booking engine supports multiple global distribution systems, consolidator and net fares to provide a custom-branded interface that will support…

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