Zacks Releases Latest Industry Outlook

Tuesday, February 07, 2006
Zacks released its latest Industry Outlook and identified the best stocks in the top-ranked industries. Featured in the latest report is the transportation - shipping industry with a focus on Hornbeck Offshore Services, Inc., OMI Corporation and Tidewater Inc. According to the report, strong OSV market conditions in the U.S. Gulf of Mexico led to a solid third-quarter report for Hornbeck. In early November, the company posted earnings per share of 44 cents, which was almost triple the year-earlier result of 15 cents. Revenues surged 41.3% to $46.5 million, versus $32.9 million a year earlier.

OMI Corporation’s third quarter, which was announced in mid-October, turned out to be the second best third quarter in the company's history. Earnings per share, excluding special items, reached 46 cents, which topped the consensus by more than 4.5%. Meanwhile, revenues advanced 11% to $143.2 million from $129.4 million. Tidewater Inc. recently reported fiscal third quarter earnings of $1.04 per share on revenues of $234.6 million. The earnings result marked a substantial year-over-year improvement from 34 cents and also topped the consensus by about 3%. Revenues advanced 25% from $187.6 million.

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Contracts

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Two Navy Contracts for GD Bath Iron Works

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AMSEA Awarded US$33-Million Navy MSC Contract

General Dynamics American Overseas Marine LLC (AMSEA) apprises it has been awarded the USD$32.7 million contract modification to operate and maintain seven large,

Finance

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Two Navy Contracts for GD Bath Iron Works

Included in the latest listing of contracts awarded by the US Department of Defense, Navy, are two contracts with General Dynamics Bath Iron Works, Bath, Maine.

NIS Q1 Net Profit Up 18 %

Serbian oil company NIS , majority owned by Gazprom Neft, reported an 18 percent rise in net profit in the first quarter of 2014 on higher sales and improved production efficiency.

 
 
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