WESTON, FL -- (Marketwire) -- 11/03/09 -- Wall Street News Alert's "stocks to watch" this morning are: HearAtLast Holdings, Inc. (PINKSHEETS: HRAL), Pfizer Inc. (NYSE: PFE), Human Genome Sciences, Inc. (NASDAQ: HGSI) and Merck & Co., Inc. (NYSE: MRK).
Yesterday after the markets closed, HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) issued a press release announcing that the Company has posted its amended earnings report on pinksheets.com. The posted earnings reflect the fiscal second quarter period covering 04/01/2009 - 06/30/2009. HearAtLast is a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market.
The Company recorded gross profits of USD $382,463 for Q2 of FY2009, a 19% increase compared to Q2 FY2008 gross profits of US $320,564. Operating expenses for the same period Q2 of FY2009 decreased 53% to US $738,403 compared to Q2 FY2008 of US $2,051,150. HearAtLast also reduced their debt ratio. The debt ratio is the proportion of a firm's total assets that are being financed with borrowed funds.
"We are very pleased with the direction of our company. We expect gross profits from all stores to continue to increase while operating expenses and debt ratio decline due to aggressive restructuring and reduced overheads. Despite the reduction in overhead, clinic performance has been enhanced as the companies' clinic base has entered year two of their operations. We still maintain our focus on becoming Canada's largest network of hearing stores," stated Matthew Sacco, President and CEO.
On October 22, 2009, the company reported that its game plan is to become Canada's largest distribution channel of Hearing Devices and related products and services under its hearing store model co-located within select Wal-Marts in Canada.
The stock closed yesterday at just under Six cents a share.
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Pfizer Inc. (NYSE: PFE) down 0.4% on 61.2 million shares traded. At Pfizer, we apply science and our global resources to improve health and well-being at every stage of life.
Human Genome Sciences, Inc. (NASDAQ: HGSI) up 35.2% on 41 million shares traded. The mission of HGS is to apply great science and great medicine to bring innovative drugs to patients with unmet medical needs.
Merck & Co., Inc. (NYSE: MRK) up 1% on 21.3 million shares traded. Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first.
The Institute for Supply Management said its index of national factory activity rose to 55.7 in October from 52.6 in September. The median forecast of 74 economists surveyed by Reuters was for a reading of 53.
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