Companies That Just Beat Wall Street Expectations

Following is some information on earnings surprises announced for the third quarter of 2011. The following companies announced earnings on November 3rd.

  • Boingo Wireless, Inc. (WIFI): This company reported earnings per share of $0.05 against consensus expectations of $0.04, for a surprise of 25.00%. About the company: Boingo Wireless, Inc. (Boingo) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.
  • Netsuite Inc  (NYSE:N): This company reported earnings per share of $0.05 against consensus expectations of $0.04, for a surprise of 25.00%. About the company: NetSuite Inc. provides relationship management software solutions . The Company offers a comprehensive suite of enterprise resource planning, or ERP, customer relationship management, or CRM, and e-commerce solutions.
  • BG Medicine, Inc. (BGMD): This company reported earnings per share of ($0.25) against consensus expectations of ($0.33), for a surprise of 24.24%. About the company: BG Medicine is a life sciences company focused on the discovery, development, and commercialization of novel diagnostic tests based on biomarkers for high-value market opportunities in healthcare that we identify.
  • Seattle Genetics, Inc. (NASDAQ:SGEN): This company reported earnings per share of ($0.35) against consensus expectations of ($0.46), for a surprise of 23.91%. About the company: Seattle Genetics, Inc. discovers and develops monoclonal antibody-based drugs to treat cancer and related diseases. The Company’s technologies increase the potency and efficacy of monoclonal antibodies with specificity for cancer.
  • Greenbrier Companies, Inc. (NYSE:GBX): This company reported earnings per share of $0.52 against consensus expectations of $0.42, for a surprise of 23.81%. About the company: The Greenbrier Companies, Inc. supplies transportation equipment and services to the railroad and related industries. The Company’s manufacturing segment produces railcars and marine vessels. Greenbrier also provides repair and refurbishment for intermodal and conventional railcars. In addition, the Company provides complementary leasing and services activities.
  • iGATE Corporation (NASDAQ:IGTE): This company reported earnings per share of $0.26 against consensus expectations of $0.21, for a surprise of 23.81%. About the company: iGATE Corporation offers a range of information technology solutions to to large and medium-sized organizations using an offshore/onsite model. The Company’s services include client/server design and development, conversion/migration services, offshore outsourcing, enterprise resource planning (“ERP”) package implementation and integration services, and software development.
  • NIC Inc. (NASDAQ:EGOV): This company reported earnings per share of $0.11 against consensus expectations of $0.09, for a surprise of 22.22%. About the company: NIC Inc. provides Internet-based electronic government solutions. The Company designs, builds, and operates Internet-based portals for state and local agencies in the United States.
  • Skullcandy, Inc. (NASDAQ:SKUL): This company reported earnings per share of $0.17 against consensus expectations of $0.14, for a surprise of 21.43%. About the company: Skullcandy is a leading audio brand that reflects the collision of the music, fashion and action sports lifestyles.
  • Erie Indemnity Company (NASDAQ:ERIE): This company reported earnings per share of $0.93 against consensus expectations of $0.77, for a surprise of 20.78%. About the company: Erie Indemnity Company is the management company for the Erie Insurance Exchange. The Company is also involved in the property/casualty insurance business through its wholly-owned subsidiaries and through its management of Flagship City Insurance Company. Erie Indemnity sells auto, home, life and business insurance in the United States.
  • CoreSite Realty Corporation (NYSE:COR): This company reported earnings per share of $0.35 against consensus expectations of $0.29, for a surprise of 20.69%. About the company: Coresite Realty Corporation develops, owns and operates data centers in the United States. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection.

(Note: Data about the companies’ earnings are sourced from Yahoo! Finance. All data are assumed to be accurate.)

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