Archive for October, 2009
(WCC) WESCO International Warns Weakness Continuing
WESCO International (WCC) announced third-quarter earnings that exceeded the Zacks Consensus Estimate by 22 cents. Revenue Revenue for the period was $1.15 billion, down 0.6% sequentially and 29.2% year over year. Excluding the impact of currency, revenue was up 0.4% sequentially...
27Oct2009 | vitalstocks | 0 comments | Continued(HUBB) Hubbell Tops Estimates – Expects Stronger 2010
Hubbell Inc.’s (HUBB) third quarter earnings beat the Zacks Consensus Estimate by 29 cents. Revenue beat by 1.2%. Total Revenue Revenue for the period was $593.9 million, up 1.7% sequentially down 19.2% year over year. The year-over-year decline was the net result of the benefit...
27Oct2009 | vitalstocks | 0 comments | Continued(NFX) Newfield Exploration Company Report Surpasses Estimates
Newfield Exploration Company (NFX) reported third quarter results of $1.58 per diluted share, compared to the Zacks Consensus Estimate of $1.34 and year-earlier earnings of $1.02 per diluted share. We have adjusted the reported income of 58 cents per diluted share for commodity...
27Oct2009 | vitalstocks | 0 comments | Continued(CB) Chubb Reports Earnings Ahead of Consensus Estimates
Chubb Corporation (CB) third quarter earnings came in at $1.56 per share, ahead of the Zacks Consensus Estimate of $1.29 per share. Last year, the company reported earnings of 93 cents. The results were helped by a mild hurricane season, which overshadowed decline in premiums...
27Oct2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company’s Profits Improve
Net earnings of $1.38 per share of Eastman Chemical Company (EMN) in the third quarter of 2009 bettered the Zacks Consensus Estimate of $1.13 per share. Year over year, earnings inched up 2% on lower costs. However, lower selling prices and volumes across all major segments drove...
27Oct2009 | vitalstocks | 0 comments | Continued(TLAB) Tellabs Reports Mixed Earnings Results
Tellabs Inc. (TLAB) declared its third quarter results today. Total revenues of $389.3 million were down 8.2% year over year but marked an improvement of 1% sequentially. Revenues were also below the Zacks Consensus Estimate of $393 million. The decline in year-over-year revenues...
27Oct2009 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation Reports Modest Quarter
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), reported relatively modest third quarter results with strong leasing activities despite a challenging macroeconomic environment. During the quarter, AMB leased approximately 9.9 million square feet in its...
27Oct2009 | vitalstocks | 0 comments | Continued(WAG) Walgreen Acquires Pharmacies
Last week, Walgreen (WAG) decided to acquire the assets of 12 Eaton Apothecary pharmacies in the Boston area from D.A.W., Inc., a subsidiary of Nyer Medical Group Inc. (NYER) for approximately $19 million. The acquisition, subject to certain terms and conditions, is expected...
27Oct2009 | vitalstocks | 0 comments | Continued(MHP) McGraw-Hill Companies’ Earnings Decline
McGraw-Hill Companies (MHP) recently reported third quarter 2009 results. Quarterly earnings of $1.12 per share surpassed the Zacks Consensus Estimate of $1.06, but fell 8.9% from the $1.23 delivered in the prior-year quarter. On a reported basis Incorporatedluding one-time items,...
27Oct2009 | vitalstocks | 0 comments | Continued($LMT) Lockheed Martin Corp Bags Trident Missile Contract
Lockheed Martin Corp. (LMT) has recently bagged an $853.3 million contract from the U.S. Navy for the Trident II missile production and deployed system support. Work is expected to be completed by Dec 30, 2013. Manufactured by Lockheed Martin Space Systems in Sunnyvale, California,...
27Oct2009 | vitalstocks | 0 comments | Continued(EXC) Exelon Corporation Beats by a Penny
Exelon Corporation (EXC) reported third-quarter earnings per share [EPS] of 96 cents per diluted share, a penny above the Zacks Consensus Estimate. However, it fell short of the year-ago figure of $1.07 per diluted share. On a year-over-year basis, the fall in EPS was primarily...
27Oct2009 | vitalstocks | 0 comments | Continued(EQIX) Equinix Revenue and Profits Up
Equinix Inc’s (EQIX) third quarter 2009 EPS of 49 cents exceeded the consensus estimate of 30 cents per share. Revenue Revenue for the third quarter was $227.6 million up 7.0% over the previous quarter and 24.0% over the same quarter last year. This reflects the continued benefit...
27Oct2009 | vitalstocks | 0 comments | Continued(TCBI) Texas Capital Bancshares’ Report Misses Estimates
Texas Capital Bancshares’ (TCBI) third quarter earnings of 15 cents per share were down from the Zacks Consensus Estimate of 22 cents. The company had earned 27 cents in the year-ago quarter. Results reflected the elevated provisioning levels for loan losses due to the challenging...
27Oct2009 | vitalstocks | 0 comments | Continued(AMPH) American Physicians Service – Bull of the Day
We are upgrading our recommendation on American Physicians Service Group (AMPH) from Neutral to Outperform. American Physicians second quarter operating earnings of 82 cents per share were significantly ahead of the Zacks Consensus Estimate of 66 cents. Results were driven by...
27Oct2009 | vitalstocks | 0 comments | Continued(TEX) Terex Corporation Reported Wider-Than-Expected Net Loss
Construction and mining equipment manufacturer Terex Corporation (TEX) announced its third quarter results recently. The company reported wider-than-expected net loss for the quarter. Terex posted a net loss of 77 cents per share, compared to the Zacks Consensus Estimate of a...
27Oct2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Outperforms – Raises Guidance
Sonoco Products Company (SON) reported third quarter earnings of 50 cents per share, beating its own guidance of 43-47 cents and the Zacks Consensus Estimate of 46 cents. However, third quarter EPS was down 17% compared to 60 cents reported last year, primarily due to lower volumes...
27Oct2009 | vitalstocks | 0 comments | Continued(PNY) Piedmont Natural Gas Agrees to Provide Natural Gas to Progress Energy
Energy services company Piedmont Natural Gas (PNY) has agreed to provide natural gas delivery service to Progress Energy’s (PGN) recently announced power generation facility to be built at Progress Energy Carolinas’ Wayne County, N.C. To provide gas delivery service to...
27Oct2009 | vitalstocks | 0 comments | Continued(CA) CA Incorporated Beats Expectations – Sales Dip
CA Inc. (CA) reported second quarter 2010 EPS of 42 cents, exceeding the Zacks Consensus Estimate of 40 cents. Revenue The company reported revenue of $1.07 billion, down 3.0% from $1.10 billion reported in the year ago quarter. This can be attributed to revenue decline across...
27Oct2009 | vitalstocks | 0 comments | Continued(LEG) Leggett & Platt Incorporated Earnings Up on Cost Cutting
Leggett & Platt Incorporated (LEG), a leading manufacturer of home furnishing components, has reported relatively strong third quarter results with earnings of 34 cents per share from continuing operations compared to 29 cents in the year-earlier quarter. The increase in...
27Oct2009 | vitalstocks | 0 comments | Continued(TNE) Tele Norte Leste Participacoes SA Posts Modest Results
Tele Norte Leste Participacoes SA (TNE) posted modest results for the third quarter of 2009. During the quarter, consolidated gross revenue amounted to R$11.6 billion, 3.6% higher than in 2008′s third quarter mainly due to the performance of mobile telephone services, which...
27Oct2009 | vitalstocks | 0 comments | Continued(NE) Noble Corporation’s Third Quarter 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(SXL) Sunoco Logistics Results Miss Estimates – Distribution Raised
Earlier today, Sunoco Logistics Partners L.P. (SXL) — a master limited partnership (MLP) — announced weaker-than-expected third quarter results, hurt by a 50% fall in sales on the back of lower crude oil prices. The partnership reported earnings per unit (EPU) of...
27Oct2009 | vitalstocks | 0 comments | Continued(USO) Oil Prices Are Headed to $90 – How to Profit From the Move
by Lee Lowell, Stock and Commodity Option Specialist Monday, October 26, 2009: Issue #1123 When it comes to the energy sector, this market is the undoubted leader of the pack in terms of making large intraday moves and the effect it has on the broader economy and other markets. And...
27Oct2009 | InvestmentU | 0 comments | Continued(AIG) American International Group to Pay Executive Retention Award
American International Group Inc. (AIG) said on Friday that it is paying $12.1 million in retention awards to some of its top executives. The company took this decision after it got approval from U.S. pay czar Kenneth Feinberg, who is scrutinizing the pay practices of the seven...
27Oct2009 | vitalstocks | 0 comments | Continued(IP) International Paper Shreds Jobs
International Paper Co. (IP) plans to close three of its mills, which will reduce its work force by 1,600 employees. The company plans to close its paper mill and associated operations in Franklin, Virginia, besides its containerboard mills in Pineville, Louisiana and Albany,...
27Oct2009 | vitalstocks | 0 comments | Continued($RSH) RadioShack Delivers in the Third Quarter
RadioShack Corp. (RSH) announced its third quarter results today. Net revenues came in at $990 million, down 3.1% year over year. However, this was better than the Zacks Consensus Estimate of $981 million. The year-over-year reduction in sales is primarily due to a 2.9% decline...
27Oct2009 | vitalstocks | 0 comments | Continued(MAC) The Macerich Company Expands Arizona Center
The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently opened the expansion center of Scottsdale Fashion Square, its flagship store in Arizona, featuring the region’s first Barney’s New York departmental outlet along with 18 additional new...
27Oct2009 | vitalstocks | 0 comments | Continued(DCM) NTT DoCoMo – Bull of the Day
We maintain an outperform rating for NTT DoCoMo (DCM), the largest mobile service provider in Japan. The company currently maintains a leading 50% share of the Japanese wireless market. DCM upgraded 98% of its total coverage area with 3G-HSDPA, while emerging 4G LTE networks...
27Oct2009 | vitalstocks | 0 comments | Continued(MON) Monsanto Wins New Contract
Monsanto Company (MON) has signed a long-term supply contract with Air Products (APD), the leading global hydrogen provider. According to the contract, Air Products will build a new world-scale hydrogen production plant to be located at Monsanto’s Luling, Louisiana, Roundup...
27Oct2009 | vitalstocks | 0 comments | Continued(COH) Coach, Inc – Bullish Forecasts – Favorable Industry Comparisons
Coach, Inc. (COH) recently reported fiscal first quarter results. Earnings per share of 44 cents surpassed the Zacks Consensus Estimate by 13%. The company has delivered an average upside earnings surprise of 5% over the past 4 consecutive quarters. Company Description Coach...
27Oct2009 | vitalstocks | 0 comments | Continued