Dallas 9/15/2010 10:09:40 PM
News / Business

Notable Stock Earnings Surprises (MDZ, PLL, PRLS )

Stock Earning Surprises

HMDS Inc. (USA) (NYSE:MDZ) fell 1.60% to $9.93 after  its fiscal third-quarter results on late Tuesday.

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The company during the quarter its net loss reduced to $15 million, compared to a year-ago loss of $62 million. Loss from continuing operations was $18 million, or 27 cents a share, compared with income from continuing operations of $9 million, or 8 cents a share, in the third quarter of fiscal 2009.

Revenue grew to $53 million from $49 million.

MDS Inc. (MDS) is a global life sciences company that provides products and services that its customers need for the development of drugs, and for the prevention, diagnosis and treatment of disease.

Pall Corp. (NYSE: PLL) jumped 6.55% to $40.582 after the company reported its fiscal fourth-quarter profit, that topped analysts’ estimations.

The company posted profit of $55.0 million, or 46 cents a share, from $69.5 million, or 58 cents per share, in the year-ago period. the company earned 72 cents a share in the latest quarter.

Revenue surged 4.1% to $678.6 million from $652.0 million last year.

Analysts were targeting the company to report earnings of 64 cents per share on revenue of $671.02 million.

For the fiscal year 2011, the company expects pro forma earnings of $2.35 - $2.55 a share. Consensus for PLL is earnings of $2.31 per share for the year.

Pall Corporation, along with its subsidiaries, is a supplier of filtration, separation and purification technologies principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.

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Peerless Systems Corp. (NASDAQ:PRLS) reported swung to a loss of 1 cent a share in the second quarter, compared to $0.12 for in a year ago period.

Revenues fell to $0.8 million, versus $2.1 million in Q2 a year ago during the quarter.

Q2 gross margin was 61%, compared with 65% in the second quarter of fiscal 2010.

Shares of PRLS are down 0.31% to $3.19.

Peerless Systems Corporation (Peerless) licenses and sells imaging and networking technologies and components to the digital document markets, which include original equipment manufacturers (OEMs) of color and monochrome printers and multifunction office products.

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