Company News for September 6, 2011 - Corporate Summary

•    Expedia Inc. EXPE announced that its chief financial officer, Michael Adler, will vacate his position after the spin-off of TripAdvisor, and will be replaced by Mark Okerstrom, currently senior vice president of corporate development

•    Houston-based specialty-chemicals maker KMG Chemicals Inc. KMGB said that it expects fourth-quarter profit to be roughly half of what it earned in its latest quarter

•    Coal producer Peabody Energy Corp. BTU announced that its third quarter earnings could be lower as a result of production stoppages in an Australian mine

•    Finisar Corp. FNSR reported first-quarter earnings per share of $0.21, beating the Zacks Consensus Estimate of $0.17

•    Liz Claiborne Inc. LIZ announced that it will sell its Mexx business to a joint venture led by the Gores Group, a private-equity firm. Liz Claiborne will receive $85 million and an 18.75% stake in the joint venture

•    H&R Block, Inc. HRB reported an adjusted loss of $0.37 per share in fiscal first-quarter 2012 ending July 31, narrower than the Zacks Consensus Estimate of a loss of $0.39

•    Esterline Technologies Corp. ESL reduced its full year earnings estimates to a maximum of $4.55 per share

•    According to reports, The Federal Housing Finance Agency is filing a lawsuit against Bank of America Corporation BAC, JPMorgan Chase & Co. JPM and The Goldman Sachs Group, Inc. GS among other big lenders, accusing them of unfair mortgage practices




 
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PEABODY ENERGY (BTU): Free Stock Analysis Report
 
ESTERLINE TECHN (ESL): Free Stock Analysis Report
 
EXPEDIA INC (EXPE): Free Stock Analysis Report
 
FINISAR CORP (FNSR): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
BLOCK H & R (HRB): Free Stock Analysis Report
 
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LIZ CLAIBORNE (LIZ): Free Stock Analysis Report
 
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