PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Tuesday July 28, 2009

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L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported that second quarter 2009 net sales decreased 27.8% to $93.8 million compared to $129.8 million in the prior year quarter. Gross profit margin was 13.7%, down 320 basis points from the prior year quarter primarily as a result of a $1.1 million ($0.07 per diluted share) warranty charge taken to recognize the revised number of concrete ties that failed in track as well as $2.6 million ($0.16 per diluted share) of unfavorable gross profit adjustments including a sales reversal and inventory write-downs related to a separate concrete tie issue. These adjustments were partially offset by a $1.5 million ($0.09 per diluted share) favorable LIFO credit recorded during the second quarter.

Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) today announced an offering to sell securities to selected investors of up to 1.9 million shares of common stock. The offering is made pursuant to a registration statement that was filed by Oculus with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on July 24, 2009. The offering is expected to close on or about July 30, 2009.

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.8 billion for the second quarter of 2009, a decrease of approximately 25%, compared to net sales of approximately $2.4 billion for the second quarter of 2008. Net income per share was $0.61 for the second quarter of 2009 and adjusted net income, which excludes restructuring and other infrequent expenses, was $0.64 per share for the second quarter of 2009. These results compare to reported and adjusted net income of $1.31 per share for the second quarter of 2008. Excluding unfavorable currency translation impacts of approximately 10.8%, net sales in the second quarter of 2009 decreased approximately 14.2% compared to the same period in 2008.

eSignal, a division of Interactive Data Corporation (NYSE: IDC) and a leading provider of streaming, real-time financial market data, news, analytics and decision-support tools for professional and individual traders, today announced the release of eSignal(R) 10.5, a significant update to its award-winning flagship software. eSignal 10.5 enables active traders to manage their portfolios more effectively through access to a broader range of content and historical data.

AMB Property Corporation((R)) (NYSE: AMB), a leading owner, operator and developer of industrial real estate, today reported results for the second quarter 2009. Funds from operations per fully diluted share and unit (”FFOPS”) was $0.34 for the second quarter of 2009, which included the recognition of $3.8 million, or $0.03 on a per-share basis, in restructuring charges, as compared to $1.05 for the same quarter in 2008. The year-over-year difference is primarily attributable to the recognition of an incentive distribution and development gains in the prior year, as well as the subsequent increase in share count related to the company’s March 2009 equity offering.

Stocks Upgraded Today

Stocks Downgraded Today

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Do your Homework, and like always BE READY for the Action!!!

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Tags: ADSK, CRM, CS, DB, DTPI, ELY, ENOC, IVZ, MRX, VARI, WSFS

This entry was posted on Tuesday, July 28th, 2009 at 5:43 am and is filed under Hot News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.