Archive for October, 2009
(STT) State Street Corporation Tops Consensus Estimates
State Street Corporation’s (STT) third quarter operating earnings of $1.05 per share were 5 cents ahead of the Zacks Consensus Estimate. Operating results for the quarter exclude $11 million in pre-tax merger and integration costs associated with the Investors Financial Services...
20Oct2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Underperforms on Report
Regions Financial (RF) reported a third quarter loss of $437.0 million or 37 cents per diluted share, worse than the Zacks Consensus Estimate of a loss of 26 cents per share. Last year, the company reported a net income of $95 million — a profit of 13 cents per share. The...
20Oct2009 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Group Reports Ahead of Estimates
UnitedHealth Group Inc. (UNH) third quarter earnings came in at 89 cents per share, ahead of the Zacks Consensus Estimate of 76 cents. The earnings showed an improvement over the prior year EPS of 75 cents per share mainly due to an uptick in net earnings. As reported by the...
20Oct2009 | vitalstocks | 0 comments | Continued(BMI) Badger Meter Cost Cutting Pays Off
Badger Meter (BMI) reported its third quarter results yesterday, after market close. The company reported earnings of 47 cents per share, above the Zacks Consensus Estimate of 44 cents per share and up 20.5% from 39 cents reported in the prior-year quarter. Despite an 11.6% decline...
20Oct2009 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Corporation Bumps Up Outlook
Chesapeake Energy Corporation (CHK) has modestly raised its 2009 and 2010 production outlook and introduced its 2011 production guidance. The company also expects to spend $3.15 billion to $3.35 billion on drilling this year, up from its August forecast of $3 billion to $3.2...
20Oct2009 | vitalstocks | 0 comments | Continued(SVU) Supervalu Reports In-Line Earnings – Shrinks Dividend
Supervalu Inc. (SVU) reported results for the second quarter of fiscal 2010. Earnings of 35 cents per share were in line with the Zacks Consensus Estimate, but were down 41.7% year-over-year. Net sales for the quarter declined 6.9% year-over-year due to a 6.9% decline in retail...
20Oct2009 | vitalstocks | 0 comments | Continued(SHW) Sherwin Williams Cost Cuts Help Company Exceed Earnings Estimates
Net earnings of $1.51 per share for paint and coating maker Sherwin Williams Company (SHW) in the third quarter of 2009 exceeded the Zacks Consensus Estimate of $1.35 per share and improved marginally from the $1.50 reported in the same period of the previous year. Cost reduction...
20Oct2009 | vitalstocks | 0 comments | Continued(STLD) Steel Dynamics Beats Earnings Guidance
The third largest steel maker in the US, Steel Dynamics Inc. (STLD) reported net income of $69 million ? or 30 cents per diluted share ? for the third quarter of 2009, after reporting losses for three consecutive quarters. The earnings, which were driven by cost reduction through...
20Oct2009 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular SA Outperforms
Millicom International Cellular SA (MICC) today declared its fiscal third quarter results. Total revenues of $856.2 billion were an improvement of 7% year over year as well as 5.1% sequentially. Revenues were ahead of the Zacks Consensus Estimate of $842 million. This was primarily...
20Oct2009 | vitalstocks | 0 comments | Continued(PLD) ProLogis Expands Global Footprint
ProLogis (PLD), a leading global provider of distribution facilities, recently leased about 188,000 square feet of its development portfolio in Japan to global customers, thereby strengthening its position in the market. About 95,000 square feet were leased to Caterpillar Logistics...
20Oct2009 | vitalstocks | 0 comments | Continued(XOM) Royal Dutch Shell Seeks More Floating Plants
Royal Dutch Shell (RDSA) may place orders for at least three floating liquefied natural-gas (FLNG) plants for about $5 billion each to explore trapped deposits around the world. Shell contracted the Technip-Samsung Heavy Industries consortium for the design, construction and...
20Oct2009 | vitalstocks | 0 comments | Continued(KO) The Coca Cola Company Reports Modest Results
The Coca Cola Company (KO) reported modest results for the third quarter with earnings of 81 cents per share. Earnings were in-line with the Zacks Consensus Estimate and flat year-over-year. Net operating revenues for the quarter declined 4% year-over-year, driven by a 6% negative...
20Oct2009 | vitalstocks | 0 comments | Continued(ACGY) Acergy S.A. Wins Nigeria Subsea Deal
Oilfield service provider Acergy S.A. (ACGY) yesterday announced the receipt of a $500 million contract from the Nigerian subsidiary of Chevron Corp. (CVX). As per the deal, Acergy will support Chevron Nigeria Ltd’s gas development program in Escravos, offshore Nigeria, in...
20Oct2009 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Corporation – Earnings Preview
Broadcom Corp. (BRCM) is expected to report its third quarter results on Oct 22. The company expects revenues to grow by 7% – 14% sequentially in the third quarter fueled by growth within the mobile and wireless targeted end market, which in turn is driven by new product ramps...
20Oct2009 | vitalstocks | 0 comments | Continued(FRX) Forest Laboratories Reports In-Line Earnings
This morning, Forest Laboratories, Inc. (FRX), reported earnings per share of 85 cents for the second quarter of fiscal 2010, in-line with the Zacks Consensus Estimate. Product sales increased 4% to $962.7 million. Although Lexapro sales declined 3.1% to $566 million, Namenda,...
20Oct2009 | vitalstocks | 0 comments | Continued(MBT) Mobile TeleSystems Confirms Outlook – Ups CapEx Spending
Russia’s incumbent telecom carrier Mobile TeleSystems (MBT) released its 2009 outlook yesterday. The company has lifted its capital expenditure (CapEx) guidance to $1.8 billion from $1.5 billion as per the previous guidance. This increase is primarily due to the expected growth...
20Oct2009 | vitalstocks | 0 comments | Continued(COH) Coach Tops Earnings Consensus
Amid a weak retail environment, Coach, Inc. (COH), the designer and marketer of fine accessories and gifts, recently reported first-quarter 2010 results that topped expectations. Coach’s quarterly earnings of 44 cents a share surpassed the Zacks Consensus Estimate of 39 cents,...
20Oct2009 | vitalstocks | 0 comments | Continued(DHI) Housing Starts and Permits Disappoint
While there is ample evidence that the world economy is starting to pick up steam, one of the traditional engines for driving the U.S. economy out of recession is sputtering. Both Building Permits and Housing Starts for September came in well below expectations. Housing starts...
20Oct2009 | vitalstocks | 0 comments | Continued(CVX) Chevron’s New Find to Support Gorgon JV
Earlier this week, Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Achilles-1) in Western Australia ’s Carnarvon Basin . The discovery builds on the integrated energy giant’s leading position in this...
20Oct2009 | vitalstocks | 0 comments | Continued(SNE) Move Over Sony, Microsoft and Nintendo
Tony Daltorio, Investment U Research Let the gaming war begin… Sony (NYSE: SNE), Microsoft (Nasdaq: MSFT) and Nintendo (OTC: NTDOY) have selected their big guns in the latest fight for domination of the lucrative video game consoles world. This one involves development of...
20Oct2009 | InvestmentU | 0 comments | Continued(NUE) Inflation? What Inflation?
In September, the Producer Price Index (PPI) fell 0.6% on a headline basis, while excluding food and energy it was down 0.1% for the month. This is in fairly distinct contrast to August, where the PPI rose 1.7% on a headline basis and 0.2% for the core. Year over year, producer...
20Oct2009 | vitalstocks | 0 comments | Continued(ATHR) Profits Multiply at Atheros Communications
Atheros Communications (ATHR) recently reported revenues of $156.6 million for the third quarter, up 13% year over year and up 40% sequentially and surpassed management’s guidance of revenues around $145 million – $150 million. The strong growth in revenues came from personal...
20Oct2009 | vitalstocks | 0 comments | Continued(BIIB) Biogen Reports Higher Earnings
Today morning, Biogen Idec (BIIB) reported third quarter earnings per share of $1.12, beating the Zacks Consensus Estimate of $1.02. The company reported earnings of 98 cents in the year-ago period. Revenues increased 3% to $1.12 billion, with Tysabri being the primary growth...
20Oct2009 | vitalstocks | 0 comments | Continued(S) Sprint Nextel to Buy iPCS Affiliate
Sprint Nextel (S), the third-largest U.S. wireless carrier, announced the acquisition of its wireless affiliate iPCS Inc. (IPCS), which is expected to end the long legal battle between the two entities. Based in Schaumburg, Illinois, iPCS exclusively markets wireless services...
20Oct2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Demonstrates Strength
Before markets opened today, the Big Daddy among Defense contractors, Lockheed Martin Corporation (LMT), reported strong third quarter fiscal 2009 results and raised its fiscal outlook. In the reported quarter with EPS of $2.07, the company beat both the Zacks Consensus Estimate...
20Oct2009 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Beats Expectations
Chemical giant EI DuPont de Nemours & Company (DD) reported third quarter 2009 earnings of 45 cents, beating the Zacks Consensus Estimate of 33 cents, helped by significant cost cuts and lower raw material, energy and freight expenses. Cost cuts have boosted Du Pont’s third-quarter...
20Oct2009 | vitalstocks | 0 comments | Continued(CMA) Comerica 3Q Losses Easing
Comerica Inc. (CMA) reported third quarter 2009 net loss applicable to common shareholders of $15.0 million or 10 cents per share compared to a net loss of $16.0 million or 10 cents per share in the prior quarter and a net income of $28.0 million or 19 cents per share in the...
20Oct2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Shows Continued Losses
Zions Bancorporation (ZION) reported a third quarter 2009 net loss applicable to common shareholders of $179.5 million or $1.41 per share, compared to net loss of $40.7 million or 35 cents per share in the prior quarter and a net income of $33.4 million or $0.31 per share in...
20Oct2009 | vitalstocks | 0 comments | Continued(NYT) Job Cuts at New York Times
The New York Times Co. (NYT) announced another round of cuts in its headcount amid the secular and cyclical slowdown in print advertising. The company plans to trim newsroom staff by 8% or nearly 100 jobs by the end of the year through buyouts or layoffs. Previously in 2008,...
20Oct2009 | vitalstocks | 0 comments | Continued(RLI) RLI Corporation Surpasses Consensus Estimates
RLI Corp’s (RLI) third quarter earnings of $1.18 per share were well ahead of the Zacks Consensus Estimate of 94 cents. Results reflected higher underwriting income and favorable reserve development from prior years’ loss reserves. The company had earned $1.12 per share in...
20Oct2009 | vitalstocks | 0 comments | Continued