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SOURCE Analysts Review
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NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), Flowserve Corp. (NYSE: FLS), Cummins Inc (NYSE: CMI), USG Corporation (NYSE: USG) and Deere & Company (NYSE: DE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1754-100free.
General Electric Company Analyst Notes
On April 25, 2014, General Electric Company (GE) informed that GE Energy Financial Services - the Company's energy investment business - has forayed in Indian solar power sector by investing $24 million in a 151 (DC)-megawatt solar photovoltaic power project put up by Welspun Renewables Energy Pvt. Ltd. (WREPL). The project, part of WREPL's 308 (DC)-megawatt operational solar portfolio, is located on an 800-acre site in Neemuch, which sits on a 500-meter-high barren land ridge in the Indian state of Madhya Pradesh. The Company informed that the project, one of the world's largest solar plants, powers 624,000 homes and mitigates an estimated 216,372 tons of carbon emissions annually. With this transaction, GE Energy Financial Services has surpassed $10 billion in cumulative renewable energy investment commitments worldwide, which includes $1.8 billion in solar power commitments in seven countries. The full analyst notes on GE are available to download free of charge at:
Flowserve Corp. Analyst Notes
On April 23, 2014, Flowserve Corp. (Flowserve) reported its financial results for Q1 2014. The Company posted 2.6% YoY decline in net sales to $1.7 billion. Net earnings for Q1 2014 came in at $107.7 million, or $0.78 per diluted share, as compared to $97.8 million, or $0.67 per diluted share, in Q1 2013. The analysts polled by Thomson Reuters expected earnings of $0.75 per share for the quarter. Mike Taff, Flowserve's Senior Vice President and CFO, commented, "We remain encouraged by the momentum we are seeing in our end markets, particularly the strong bidding activity in North America. When combined with our improving backlog, this supports reaffirming our full year 2014 guidance, including 3 to 6 percent constant currency revenue growth and EPS between $3.65 and $4.00." The shares of the Company fell 5.34% to close the session at $73.96 on April 24, 2014. The full analyst notes on Flowserve are available to download free of charge at:
Cummins Inc Analyst Notes
On April 17, 2014, Cummins Inc. (Cummins) announced the promotion of Jason MacLean Vice President, Power Generation Business Unit (PGBU) Supply Chain. In his new role, MacLean will become an officer of the Company. The Company informed that MacLean will continue to lead all functions within supply chain within the Power Generation Business Unit including global manufacturing of generator sets and alternators in 16 locations, purchasing, logistics, order management, planning and Supply Chain HSE and quality. Commenting on MacLean's promotion, Tony Satterthwaite, President, Power Generation Business and Vice President, Cummins, said, "Jason has been instrumental in leading important supply chain improvements for the Power Generation business over the past three years and he is a key driver of our forward-looking strategy in this area." The full analyst notes on Cummins are available to download free of charge at:
USG Corporation Analyst Notes
On April 23, 2014, USG Corporation (USG) announced its Q1 2014 financial results. During the quarter, the Company reported net sales of $850.0 million, up 4.4% YoY. USG's net income during the quarter was $45 million, or $0.32 per diluted share, compared to $2 million, or $0.02 per diluted share, in Q1 2013. The Q1 2014 adjusted earnings per basic share increased to $0.14 from $0.01 during Q1 2013, but fell short of Bloomberg's consensus estimate of $0.20. Commenting on the performance, USG's Chairman, President and CEO, James S. Metcalf said, "Despite the harsh winter conditions across most of the United States during the first quarter, we delivered positive operating results and net income." USG's stock declined 4.12% to close at $30.99 on April 24, 2014. The full analyst notes on USG are available to download free of charge at:
Deere & Company Analyst Notes
On April 17, 2014, Deere & Company (John Deere) announced the expansion of its Mulch On Demand (MOD) mower deck offering in order to serve the needs of its customers. The Company informed that the exclusive MOD has been made available in the 2014 QuikTrak commercial mower lineup, which includes the 652R MOD and 652R EFI MOD models. The John Deere MOD deck allows an operator to switch between mulching and side discharging without leaving the mower. Chris Russell, John Deere Product Manager, commented, "The Mulch On Demand deck has proven capabilities that allow the operator to boost productivity and versatility in their commercial mowing operation." The full analyst notes on John Deere are available to download free of charge at:
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