QualityStocks Stock Newsletters Archives - Page 452 of 1818

FridayJul 30, 2010 11:26 am

Demand and Price Wave Boosts Oil Company Profits, Though Recovery Concerns Keep Investors Nervous

The second largest U.S. oil company, Chevron Corp (NYSE: CVX), has reported a three-fold increase in quarterly profits, with Q2 net income jumping to $5.4 billion ($2.70 per share) from $1.75 billion for the same quarter last year, and revenue increasing 32% to $53 billion. As a further vote of confidence, the company has announced an unlimited stock repurchase plan. Chevron’s numbers come from rising production, together with higher energy prices and strong margins. The average per barrel sales price for oil and other liquids was 34% higher than it was a year ago, while the sales price for natural…

FridayJul 30, 2010 8:40 am

Topaz Resources, Inc. (TOPZ.OB) Video Chart for Friday, July 30, 2010

TOPZ is holding a solid support level at $.30. This support level must hold as the moving averages are converging, giving hints that a move is possibly coming. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=452 Let us hear your thoughts below:

FridayJul 30, 2010 7:05 am

Clarkston Financial Corp. (CKFC.OB) Reports Operating Results for Second Quarter

Yesterday, Clarkston Financial Corporation, the holding company for Clarkston State Bank, reported operating results for the second quarter ended June 30, 2010. Total revenues for the first quarter (net interest income plus noninterest income) were $1,103,000, compared with total revenues of $1,176,000 for Q2 2009. For the six months ended June 30, 2010, total revenues were $2,251,000, compared to $2,653,000 for the six months ended 2009. Net interest income was lower as a direct result of reducing the size of the balance sheet. Earning assets declined; however, interest-bearing liabilities declined at a more rapid rate. This resulted in a stronger…

FridayJul 30, 2010 7:04 am

ONE Bio, Corp. (ONBI.OB) Files Patent for Newly Developed Extraction Process for Salvia Miltiorrhiza

ONE Bio, Corp., an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, recently announced that the company’s subsidiary, Green Planet Bioengineering, Co., Ltd., has filed a patent covering its newly developed extraction process for Salvia Miltiorrhiza. Expected to increase revenue by approximately $2.2 million for the remaining of this year, the new Salvia Miltiorrhiza extract has already allowed the company's Green Planet Bioengineering division to secure co-operative contracts with multiple renowned pharmaceuticals including Heji Huangpu Baiyunshan Pharmaceutical, Beijing Tongrentang Pharmaceutical, Guangdong Medihealth Pharmaceutical and Jiangmen Mingsheng Pharmaceutical. The…

FridayJul 30, 2010 7:03 am

Exact Sciences Corp. (EXAS) Colorectal Cancer Screening Technology Achieves 100% Sensitivity

Exact Sciences Corp. is a molecular diagnostics company focusing on colorectal cancer and detection and screening technology. Data regarding the company’s DNA methylation specific technology is available at the annual meeting of the American Association of Clinical Chemistry (AACC). The data demonstrates that the technology, using a combination of DNA methylation markers, detected colorectal cancers and precancers at 100 percent efficacy in a preliminary study with colorectal tissue. Kevin T. Conroy, president and CEO of Exact Sciences, said the results reflect the company’s stringent research efforts, and noted that the data’s milestone achievement. “The data being presented today at AACC…

FridayJul 30, 2010 7:01 am

Silicon Image (SIMG) Posts Strong Q2 Results, Spurs Positive Q3 Estimates

Silicon Image Inc., a leading semiconductor and intellectual property company focused on the secure distribution, presentation and storage of high-definition content, recently posted solid financial results for the second quarter ended June 30, 2010, and offered guidance for the third quarter of 2010. The company reported revenue for the second quarter at $44.6 million, a significant increase to the $34.3 million reported for the first quarter of 2010 and $37.3 million reported for the second quarter of 2009. Silicon Image’s GAAP net income for the second quarter of 2010 was $1.8 million, or $0.02 per diluted share, compared to a…

ThursdayJul 29, 2010 2:34 pm

The Eastern Company (EML) Reports Outstanding 2Q and Six-month 2010 Financials

The Eastern Company, www.easterncompany.com – founded in 1858 and widely known as an established manufacturer of high-quality security and industrial hardware, yesterday issued a financial report on its operations in 2Q and the six-month period for FY10. Sales and Income data offers a very clear picture of strong demand in each segment: • 2Q Sales, up 16% to $32.6M (compared to $28.1M in 2Q FY09) • 2Q Net Income, up 67% to $1.4M or $0.23 per diluted share ($842k/$0.13) • Six-month Net Sales up 12% to $63.5M ($56.5M) • Six-month Net Income up 110% to $2.4M or $0.40 per diluted…

ThursdayJul 29, 2010 2:01 pm

Royale Energy, Inc. (ROYL) Reports Successful Drilling of Well in LoneStar Field

Royale Energy, Inc. reported the successful drilling of the North East Parks #1 well on its acreage position in California. This was the sixth well the company has drilled in 2010, surpassing the five wells drilled in 2009. This was the second successful well for Royale Energy, Inc. during the last few months. The company drilled and completed the Victor Ranch 3-9 well located in the East Rice Creek field and reported natural gas shows in that well from three different zones. The North East Parks #1 is located in the LoneStar field, and Royale Energy, Inc. said that the…

ThursdayJul 29, 2010 2:00 pm

Lucas Energy (LEI) Reports Three Well Completions

Lucas Energy reported the successful completion of three wells as part of the company’s 2010 oil and gas development program. The wells were drilled and completed over the last two months on the company’s acreage in Texas. Lucas Energy drilled and completed the Wall No.1 well located in Wilson County. The well was a re-entry of a previously drilled well to the Buda formation. The Wall No.1 well was producing at a rate of 91 barrels of oil per day, with no water present. The management of Lucas Energy believes that this well has potential for the Eagle Ford Shale…

ThursdayJul 29, 2010 1:58 pm

Gold Resource Corp. (GORO.OB) Declares Initial Special Cash Dividend

Gold Resource Corp. is a mining company focused on the development and production of gold and silver projects that feature low operating costs and produce high returns on capital. The company has a 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. Notably, earlier this month Gold Resource applied for a NYSE: Amex listing. The company announced today that it has declared an initial special cash dividend of $0.03 per common share to its shareholders of record August 16, 2010 and payable on or about August 26th. Since going public in September 2006,…

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