Archive for October, 2009
(BJRI) Restaurant Industry – Industry Outlook
The Restaurant Industry has been facing extremely tough challenges due to the ongoing economic turmoil. With rising unemployment and lower discretionary spending, we believe it will be too early to predict improvement in the industry, which is grappling with sluggish consumer...
21Oct2009 | vitalstocks | 0 comments | Continued(ISRG) Intuitive Surgical Beats Consensus Estimates
Intuitive Surgical, Inc. (ISRG) reported a third quarter net income of $1.55 per share, which beat the Zacks Consensus Estimate of $1.45. The company’s net income was $1.44 per share in the year-ago quarter. Revenues in the quarter came in at $280.1 million as against $236.0...
21Oct2009 | vitalstocks | 0 comments | Continued(EAT) Brinker International’s Profit Drops
Brinker International, Inc. (EAT), the operator of Chili’s Grill & Bar, On The Border and Maggiano’s restaurants, recently reported first quarter 2010 results, registering a double-digit decline in both top and bottom lines. Despite lower operating expenses, fall...
21Oct2009 | vitalstocks | 0 comments | Continued(GS) Five Ways to Play Emerging Market ETFs
Tony Daltorio, Investment U Research Crises have a way of overturning the established order. And as the recent G20 meeting in my native Pittsburgh reminded me, the continuing financial and economic crisis is no exception. The very fact that the group has expanded from the...
21Oct2009 | InvestmentU | 0 comments | Continued(SPY) Gold Miners’ Margin Problem – Zacks Industry Rank Analysis
As gold sets new highs, it would only be natural to assume that profit forecasts for gold mining companies would be soaring too. Surprisingly, profit forecasts are not jumping. Though some brokerage analysts have raised their full-year projections in recent weeks, the Zacks Consensus...
21Oct2009 | vitalstocks | 0 comments | Continued(SYK) Stryker Corporation Meets Earnings Expectations
Stryker Corporation (SYK) yesterday reported third quarter earnings per share of 69 cents, in line with the Zacks Consensus Estimate and higher than the year-ago earnings of 66 cents. Net sales were flat year over year at approximately $1.7 billion. An unfavorable foreign exchange...
21Oct2009 | vitalstocks | 0 comments | Continued($WFC) Wells Fargo Surprises Yet Again
Before the market opened this morning, Wells Fargo (WFC) reported third quarter 2009 diluted earnings of 56 cents per common share, compared with 57 cents in the second quarter 2009 and 49 cents in the third quarter 2008. Net income applicable to common shareholders came in at...
21Oct2009 | vitalstocks | 0 comments | Continued(Q) Qwest Communications Updates Capital Expenditure Plan
Qwest Communications (Q) has released its capital expenditure (CapEx) guidance for 2010. The local and long-distance telephone service provider expects its CapEX to remain at par with the estimated 2009 level of $1.7 billion. Qwest continues to invest in building necessary infrastructure...
21Oct2009 | vitalstocks | 0 comments | Continued($MDRX) Allscripts-Misys Healthcare Solutions Benefits From Federal Grant
Allscripts-Misys Healthcare Solutions Inc. (MDRX) recently benefited from the $1 million federal grant secured by U.S. Senator Patrick Leahy and Vermont Information Technology Leaders Inc. that will provide incentives to physicians and independent pharmacies of Vermont to adopt...
21Oct2009 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Corporation Misses Earnings Estimates
Northern Trust Corporation’s (NTRS) second quarter earnings of 72 cents per share were below the Zacks Consensus Estimate of 84 cents. Last year, the company reported a loss of 56 cents per share. Net income was $187.9 million versus a net loss of $148.3 million last year. Net...
21Oct2009 | vitalstocks | 0 comments | Continued(AMGN) ($AMGN) Amgen Drug Approval Delayed
Yesterday, Amgen Inc (AMGN) announced that the US Food and Drug Administration (FDA) delayed the approval of its osteoporosis drug denosumab, with a proposed trade name of Prolia. In response to the Biologic License Applications (BLA) filed by Amgen in Feb 2009 for Prolia, the...
21Oct2009 | vitalstocks | 0 comments | Continued(VOCS) Vocus Blows the Lid off Earnings Estimates
Vocus, Inc’s.(VOCS) third quarter 2009 EPS of 20 cents exceeded the Zacks Consensus Estimate of 3 cents, while revenue of $21.0 million was in line. Revenue Revenue for the quarter was $21.0 million, representing a 5.0% increase over the year-ago period. This was in-line with...
21Oct2009 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Beats Earnings Estimates
St. Jude Medical, Inc. (STJ) today reported financial results for the third quarter of 2009 before the market opened. Earnings per share came in at 59 cents, compared to the Zacks Consensus Estimate of 58 cents and the year-ago earnings of 54 cents. Sales Net sales in the reported...
21Oct2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Earns FDA Approval for Advanced Renal Cell Carcinoma Treatment
Yesterday, GlaxoSmithKline (GSK) received some good news with the US Food and Drug Administration’s (FDA) approval of Votrient (pazopanib) for the treatment of patients with advanced renal cell carcinoma [RCC], a form of kidney cancer. However, the FDA approval does not come...
21Oct2009 | vitalstocks | 0 comments | Continued(BWY) BWAY Holding Company – Beat Estimates by 40.48% in the Third Quarter
BWAY Holding Company (BWY) has surprised on estimates 4 quarters in a row by an average of 31.51%. It also recently raised guidance to the higher end of its forecast range. The company trades with a forward P/E of 13.04. Company Description BWAY Holding manufactures industrial...
21Oct2009 | vitalstocks | 0 comments | Continued(AES) AES Corporation – All Types of Cash Flow Increased Dramatically
AES Corporation (AES) is heading into its next report on rising estimates and good valuations. Company Description AES provides energy to 29 countries with energy through generation and distribution. The company has diversified portfolio of thermal and renewable fuel sources. EPS...
21Oct2009 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group, Plc – Bull of the Day
We maintain our Outperform recommendation for Vodafone (VOD), the largest revenue generating international wireless carrier. Revenue growth in the last quarter was fuelled by foreign exchange gains and acquisitions. Additionally Incorporatedrease in subscriber base was driven...
21Oct2009 | vitalstocks | 0 comments | Continued(CNMD) CONMED Corporation – Bear of the Day
Conmed Corp. (CNMD) operates in highly competitive markets against competitors that are much larger, technically competent and possess substantially more assets. Additionally, many of these competitors offer a range of products not matched by Conmed, which may make Conmed’s...
21Oct2009 | vitalstocks | 0 comments | Continued(STP) Top Energy Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Energy” equity mutual funds, which primarily invest in equity securities of energy and/or natural resources companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Energy Equity Funds. 3...
21Oct2009 | vitalstocks | 0 comments | Continued(BLK) BlackRock, Inc. – Easily Beats Forecasts
BlackRock, Inc. (BLK) reported 3rd-quarter results after the bell on Oct 19 that were better than expected, sending shares to a new 52-week high and within striking distance of the all-time high at $250. Company Description BlackRock, Inc. is an investment and asset management...
21Oct2009 | vitalstocks | 0 comments | Continued(PFE) Pfizer Beats Zacks Estimate
Pfizer Inc. (PFE) reported third quarter net income of 51 cents per share, which beat the Zacks Consensus Estimate of 48 cents. The company’s net income was 62 cents per share in the year-ago quarter. Revenues for the quarter decreased 3% to $11.6 billion. Revenues for the...
20Oct2009 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Wins Major Military Contract
Harris Corp. (HRS) recently won a $419 million Basic Purchasing Agreement contract to supply the U.S. Army with Falcon III AN/PRC-117G multi-band tactical radios & vehicular power-amplifier adapter systems. The initial delivery order under the contract is valued at $165...
20Oct2009 | vitalstocks | 0 comments | Continued(UDR) REIT UDR Reports Modest Quarter in Touch Economy
Despite challenging macroeconomic conditions, UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), reported relatively modest third quarter results with an increase in rental revenues and comparatively high same-store occupancy rates at 95.6%. Although rental...
20Oct2009 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Corporation Surpasses Estimates
M&T Bank Corporation’s (MTB) has reported third quarter earnings of 97 cents per share. Excluding a series of special items in the quarter, the company earned 89 cents per share. The results were well ahead of the Zacks Consensus estimate of 68 cents. The company had earned...
20Oct2009 | vitalstocks | 0 comments | Continued(LXK) Lexmark Tops Earnings Estimates – Outlook Positive
Lexmark’s (LXK) third-quarter earnings exceeded the Zacks Consensus Estimate by 20 cents and revenues by 6.7%. Revenues of $958 million increased 6% on a sequential basis, but declined 15.3% compared to the year-ago quarter. Strong customer demand was responsible for the sequential...
20Oct2009 | vitalstocks | 0 comments | Continued(JDAS) JDA Software Group Scores Earnings Beat
JDA Software Group Inc. (JDAS) posted third-quarter results after the closing bell on Monday. The company reported a GAAP net loss of $2.3 million, which included a payment of $8.6 million related to repurchase of preferred stock, compared to a GAAP net income of $8.2 million...
20Oct2009 | vitalstocks | 0 comments | Continued(EFX) Equifax Joins Hands to Launch Customer Acquisition Solution
Equifax Inc. (EFX) recently launched Equifax Social Influencer, a customer acquisition solution enhanced with the use of social media, in association with StrongMail Systems, Inc., a leading provider of online marketing solutions for email and social media. This new solution...
20Oct2009 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners L.P. Debt Prepayment
Ferrellgas Partners L.P. (FGP), through its partnership Ferrellgas L.P., yesterday prepaid its outstanding $82.0 million of 7.24% senior notes, Series D, due Aug 1, 2010, and its $70.0 million of 7.42% senior notes, Series E, due Aug 1, 2013. The debt prepayment was funded by...
20Oct2009 | vitalstocks | 0 comments | Continued(DTE) DTE Energy Company Raises Earnings Guidance
DTE Energy Company (DTE) yesterday raised 2009 earnings guidance boosted by strong performance. The company now expects 2009 operating EPS to be within the range of $3.20 to $3.40, up from the previously expected range of $2.75 to $3.05. DTE Energy is expected to release its...
20Oct2009 | vitalstocks | 0 comments | Continued(WU) Western Union Beats Estimates by a Penny
Western Union Co.’s (WU) third quarter earnings of 33 cents per share were just a shade above the Zacks Consensus Estimate of 32 cents. While the results were almost in line with our expectations, the company continued to experience the challenged economic environment. The...
20Oct2009 | vitalstocks | 0 comments | Continued