Archive for October, 2009
(BA) September Durable Goods Report: Pretty Good
In September, new orders for Durable Goods (DG) rose by 1.0%, the up-leg of a recent seesaw pattern in this series. In August, DG orders fell by 2.6% following a 4.8% rise in July. The results were comfortably ahead of the 0.5% consensus expectations. However, over the last year,...
28Oct2009 | vitalstocks | 0 comments | Continued(POZN) Pozen Brings Good Data & Earnings
Vimovo Demonstrates Benefit Over Naproxen Yesterday, at the American College of Gastroenterology meeting in San Diego, Pozen (POZN) released data from two phase III trials comparing Vimovo (formerly PN400) to enteric-coasted naproxen (ECN) in patients with osteoarthritis (OA),...
28Oct2009 | vitalstocks | 0 comments | Continued(EVVV) ev3 Beats Consensus Earnings Estimates
ev3, Inc. (EVVV), the Zacks Bull of the Day for last Friday (October 23rd), reported third quarter 2009 earnings per share of 17 cents, easily beating the Zacks Consensus Estimate of 2 cents and the year-ago earnings of 4 cents. Sales Net sales in the reported quarter increased...
28Oct2009 | vitalstocks | 0 comments | Continued(WAT) Waters Corporation Modestly Outperforms
Waters Corporation (WAT) reported third quarter 2009 revenues of $374 million, a decrease of 3% over that of $386 million in the third quarter of 2008. On a GAAP basis, earnings per diluted share for the third quarter were 79 cents, compared to 71 cents for the third quarter of...
28Oct2009 | vitalstocks | 0 comments | Continued(BZH) New Home Sales Sink – Credit Rising
In distinct contrast to the existing home sales report last week, new home sales were ugly in September, falling 3.6% for the month and down 7.8% year over year. The seasonally adjusted annual rate in September was 402.000 down from 417,000 in August, which was revised down from...
28Oct2009 | vitalstocks | 0 comments | Continued(KO) Let China’s Middle Class Lead You Into Luxury
Tony Daltorio, Investment U Research According to the World Bank, the global middle class could grow to 1.15 billion in 2030 – a huge jump from the 430 million middle class folks in 2000. Driving the extraordinary growth is… you guessed it, the emerging “BRIC” nations....
28Oct2009 | InvestmentU | 0 comments | Continued(THRX) Theravance Earnings Post Loss Wider Than Expected
Theravance (THRX) announced its third quarter results after the closing bell yesterday. The company’s loss per share came in at 35 cents, a penny wider than the Zacks Consensus Estimate. It had earned 34 cents per share in the year-ago period. Revenues were $5.5 million during...
28Oct2009 | vitalstocks | 0 comments | Continued(NSC) Norfolk Southern Posts Results Slightly Ahead of Expectations
Norfolk Southern Corp.’s (NSC) third-quarter earnings per share stood at 81 cents, compared to a profit of $1.30 in the year-ago period. The fall in earnings was due to lower volume on the back of subdued demand for shipped goods. However, EPS results were ahead of the Zacks...
28Oct2009 | vitalstocks | 0 comments | Continued($Q) Qwest Communications Meets Goals – Boosts Outlook
Qwest Communications (Q) has announced third-quarter 2009 earnings with reported earnings per share [EPS] of 8 cents matching both the Zacks Consensus Estimate and the year-ago quarter EPS. Net income declined 6.2% year over year to $136 million on lower revenues as erosion in...
28Oct2009 | vitalstocks | 0 comments | Continued($CEPH) Cephalon Beats Forecasts – Provides Outlook
Cephalon Inc. (CEPH) reported strong third-quarter earnings of $1.62 per share that easily surpassed the Zacks Consensus Estimate of $1.42 per share and the year ago earnings of $1.18. Revenues increased 10.2% to $549 million, consisting of $535 million in product sales and $14.2...
28Oct2009 | vitalstocks | 0 comments | Continued(MEE) Disappointing Quarter for Massey Energy
Massey Energy Co. (MEE) the largest coal company in Central Appalachia, Virginia – announced third-quarter earnings of 19 cents per share, which was in line with the Zacks Consensus Estimate. However, lower coal shipments and prices drove a 69% slump in earnings year over...
28Oct2009 | vitalstocks | 0 comments | Continued(WSH) Willis Group Holdings Limited Reports Earnings Ahead of Estimates
Willis Group Holdings Limited (WSH) reported third-quarter earnings of 46 cents per share. Excluding certain items, adjusted earnings were 53 cents. Results were significantly ahead of the Zacks Consensus Estimate of 38 cents. Results were also far ahead of the prior-year period’s...
27Oct2009 | vitalstocks | 0 comments | Continued(OCLR) Oclaro Posts Earnings In-Line In The Quarter
Oclaro Inc. (OCLR) recently reported revenues of $85.1 millionin the first quater of 2010, up from $72.0 million in the year-ago quarter. The year-ago quarter includes two months of revenues of Avanex Corporation. The reported revenue came in line with management’s revised...
27Oct2009 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Raises Earnings Outlook
Limited Brands Inc. (LTD), a specialty retailer of women’s apparel, beauty and personal care products, recently raised its third-quarter 2009 earnings guidance but warned on below-expectation October comparable-store sales trends. The operator of the Victoria’s Secret...
27Oct2009 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners Raises Distribution
Kinder Morgan Energy Partners (KMP) reported its third quarter results of 40 cents per limited partner unit versus the Zacks Consensus Estimate of 38 cents and year-earlier earnings of 54 cents. All the business segments experienced year over year growth except for the CO2...
27Oct2009 | vitalstocks | 0 comments | Continued(UCBI) United Community Bank’s Loss Widens
United Community Banks Inc. (UCBI) reported third-quarter results on Friday. The company posted its fifth-straight quarterly net operating loss of $43.7 million, or 93 cents per share, compared to net operating loss of $39.9 million, or 84 cents per share in the year-ago quarter....
27Oct2009 | vitalstocks | 0 comments | Continued(NE) Noble Corporation’s 3Q Profit Rises
Noble Corporation (NE) reported third quarter 2009 earnings of $1.58 per diluted share, beating the Zacks Consensus Estimate of $1.54 and year-earlier earnings of $1.42. The improved results were driven by the contribution from Contract Drilling Services segment and cost-control...
27Oct2009 | vitalstocks | 0 comments | Continued(PVSW) Pervasive Software Reports In-Line Quarter
Pervasive Software Inc. (PVSW) recently reported revenues of $12.2 million in the fiscal first quarter, up 3% from the year-ago quarter and 9.9% sequentially. Pervasive closed one relatively large transaction with a database customer representing approximately $2.4 million in...
27Oct2009 | vitalstocks | 0 comments | Continued(VLO) Valero Energy Corporation’s Loss Bigger than Expected
Earlier today, Valero Energy Corp. (VLO) — the largest independent refiner in the U.S. — reported a weaker-than-expected third-quarter 2009 loss, reflecting depressed refining margins and lower throughput on the back of weak fuel demand and high inventories. This...
27Oct2009 | vitalstocks | 0 comments | Continued(ININ) Interactive Intelligence’s Profit Soars
Interactive Intelligence Inc. (ININ) announced third quarter results after the closing bell on Monday. The company stated that GAAP net income came in at $2.8 million, compared to a GAAP net income of $924,000 in the year-ago period. Excluding certain extraordinary items, adjusted...
27Oct2009 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Limited Surpasses Expectations
Wynn Resorts Limited (WYNN) today reported third-quarter earnings of 28 cents per share. Adjusted earnings were 33 cents. The results are ahead of the Zacks Consensus Estimate of 14 cents. The company had earned 49 cents (adjusted earnings of 62 cents) in the year-ago quarter. Net...
27Oct2009 | vitalstocks | 0 comments | Continued(RCII) Rent-A-Center Topped Earnings Estimates
Rent-A-Center, Inc. (RCII), the largest rent-to-own operator, recently posted third-quarter earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents. EPS results climbed 25% from 44 cents delivered in the prior-year quarter buoyed by stringent...
27Oct2009 | vitalstocks | 0 comments | Continued(IBKR) Interactive Brokers Group Falls Short
Interactive Brokers Group, Inc.’s (IBKR) third-quarter earnings of 20 cents per share was substantially short of the Zacks Consensus Estimate of 32 cents. Earnings was also down 69.2% from 65 cents per share in the prior-year quarter. As the result of constrained liquidity...
27Oct2009 | vitalstocks | 0 comments | Continued(VFC) VF Corporation Misses by a Whisker
VF Corp. (VFC), a leading manufacturer of branded lifestyle apparel, reported net income of $217.9 million on revenues of $2.09 billion in the third quarter, compared to $233.9 million on revenues of $2.21 billion in the year-earlier quarter. Earnings per share narrowly missed...
27Oct2009 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Corporation Gains from Restructuring
Avery Dennison Corp. (AVY) posted third quarter earnings of 82 cents per share, well-above the Zacks Consensus Estimate of 57 cents and slightly higher than last year’s earnings of 81 cents. Lower sales were offset by productivity improvements and gains from the restructuring...
27Oct2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Maintains Profit
Johnson Controls (JCI) posted a profit of $402 million or 52 cents per share, excluding non-recurring items, for the fourth quarter of its fiscal year ended Sept. 30, 2009. This was above the Zacks Consensus Estimate of 48 cents per share. The company reported positive numbers...
27Oct2009 | vitalstocks | 0 comments | Continued(HSP) Hospira Surges Ahead
Hospira (HSP) reported third quarter earnings of 90 cents per share, well above both the Zacks Consensus Estimate of 68 cents and 63 cents per share in the year-ago period. Revenues increased 8.9% to $1 billion, primarily driven by growth in Specialty Injectable Pharmaceuticals...
27Oct2009 | vitalstocks | 0 comments | Continued(LFL) LAN Airlines Posts Discouraging Results
Chile-based LAN Airlines S.A. (LFL) yesterday reported discouraging results for the third quarter 2009. Net income of US$52.1 million was 37.3% lower than net income of US$83.0 million in the third quarter of 2008. Excluding non-operating extraordinary items recognized in the...
27Oct2009 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber Company Beats Estimates
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported third quarter earnings of $19 million or 12 cents per share, compared to $69 million or 40 cents per share in the year-earlier quarter. Earnings results...
27Oct2009 | vitalstocks | 0 comments | Continued(MAS) Masco Corporation Exceeds Estimates
Masco Corporation (MAS) reported earnings from continuing operations of 14 cents per common share in the third quarter of 2009, compared to income from continuing operations of 9 cents per common share in the third quarter of 2008. This was higher than the Zacks consensus Estimate...
27Oct2009 | vitalstocks | 0 comments | Continued