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News Breaks | | | | February 28, 2013 | | 13:11 EDT |  | GTLS | Chart Industries higher after Q4 earnings results beat estimates
Chart Industries (GTLS) shares are trading higher today after reporting Q4 results earlier this morning. Chart Industries manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases globally. The company reported Q4 EPS of 80c against consensus estimates of 76c on revenue of $303.9M against consensus estimates of $277.59M. The company also provided adjusted FY13 EPS guidance of $3.00-$3.40 against consensus estimates of $3.53 on revenue of $1.2B-1.3B against consensus estimates of $1.19B. The CEO, Samuel F. Thomas, cited significant improvement in capacity and lead times in distribution & storage in the liquefied natural gas, LNG, business. "These initiatives are enabling Chart to meet rising customer demand and uphold our status as a leading worldwide supplier to the energy, industrial gas, and biomedical industries, especially in high-growth energy markets such as the build-out of LNG infrastructure," Thomas said, also adding that he sees bottlenecks that are holding up LNG infrastructure build-out in USA are likely to be resolved in the coming year. In midday trading, Chart Industries (GTLS) shares have risen 9.5% to $71.75. | |
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News For GTLS From The Last 14 Days Check below for free stories on GTLS the last two weeks. |
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| May 22, 2013 | | 10:00 EDT |  | GTLS | On The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James. | | | 06:30 EDT |  | GTLS | Chart Industries downgraded to Hold from Buy at BB&T
BB&T downgraded Chart Industries due to valuation. | | | 05:52 EDT | | GTLS | Chart Industries initiated with an Outperform at Raymond James
Target $114. | |
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