Earnings Winners from the Third Quarter

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

  • BPZ Resources, Inc Common Stock (NYSE:BPZ): This company reported earnings per share of $0.02 against consensus expectations of ($0.04), for a surprise of 150.00%. About the company: BPZ Resources, Inc. is an oil and gas exploration and production company with properties in Peru and Ecuador. The Company has exclusive rights and license agreements for oil and gas exploration and production in several properties in northwest Peru. BPZ also owns a non-operating interest in a producing property in southwest Ecuador.
  • Echelon Corporation (NASDAQ:ELON): This company reported earnings per share of $0.02 against consensus expectations of ($0.06), for a surprise of 133.33%. About the company: Echelon Corporation develops, markets, and supports a family of software products and services that enables original equipment manufacturers and systems integrators to design and implement open, interoperable, distributed control networks. The Company’s products allow groups of computer nodes to be linked together and implemented across a variety of systems.
  • ABIOMED, Inc. (NASDAQ:ABMD): This company reported earnings per share of $0.02 against consensus expectations of ($0.09), for a surprise of 122.22%. About the company: ABIOMED, Inc. develops, manufactures, and markets cardiovascular products. The Company’s BVS-5000 is a cardiac assistance device for patients with reversible heart failure. ABIOMED is also developing its AbioCor implantable replacement heart, which is intended to extend the lives of patients with irreversible end- stage heart failure.
  • Tower International, Inc. (NYSE:TOWR): This company reported earnings per share of $0.03 against consensus expectations of ($0.19), for a surprise of 115.79%. About the company: Tower International Inc., is a integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers, or OEMs. The Company offers a product portfolio, supplying body-structure stampings, frame and other chassis structures, as well as complex welded assemblies.
  • H&E Equipment Services, Inc. (NASDAQ:HEES): This company reported earnings per share of $0.14 against consensus expectations of $0.07, for a surprise of 100.00%. About the company: H&E Equipment Services, Inc. is an integrated equipment services company focused on heavy construction and industrial equipment. The Company rents, sells, and provides parts and service support for hi-lift or aerial platform equipment, cranes, earthmoving equipment, and industrial lift trucks.
  • Hill International, Inc.  (NYSE:HIL): This company reported earnings per share of $0.02 against consensus expectations of $0.01, for a surprise of 100.00%. About the company: Hill International Inc. is a construction consulting firm. The Company provides program management, project management, construction management and construction claims services.
  • ZIOPHARM Oncology Inc (NASDAQ:ZIOP): This company reported earnings per share of ($0.01) against consensus expectations of ($0.24), for a surprise of 95.83%. About the company: ZIOPHARM Oncology, Inc. is a biopharmaceutical company seeking to acquire, develop and commercialize a diverse, risk-sensitive portfolio of in-licensed cancer drugs.
  • Hornbeck Offshore Services (NYSE:HOS): This company reported earnings per share of ($0.03) against consensus expectations of ($0.23), for a surprise of 86.96%. About the company: Hornbeck Offshore Services, Inc. provides marine transportation services to the offshore oil and gas industry. The Company owns and operates deepwater offshore supply vessels in the Gulf of Mexico, which support day-to-day operations of oil drilling rigs and production platforms. Hornbeck also owns and operates ocean going tugs and barges in the northeastern United States and Puerto Rico.
  • Aceto Corporation (NASDAQ:ACET): This company reported earnings per share of $0.13 against consensus expectations of $0.07, for a surprise of 85.71%. About the company: Aceto Corporation distributes industrial chemicals used in agriculture, color producing, pharmaceutical, and surface coating industries.
  • Planar Systems, Inc. (NASDAQ:PLNR): This company reported earnings per share of ($0.02) against consensus expectations of ($0.13), for a surprise of 84.62%. About the company: Planar Systems, Inc. develops, manufactures, and markets electronic display products. The Company produces liquid crystal display and other flat panel displays, and video projectors. The products are used in healthcare, call centers, point-of-sale, and other purposes.

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

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