Archive for October, 2009
(FII) Federated Investors Beats Tops Forecasts
Federated Investors Inc. (FII) reported third quarter 2009 net income applicable to common shareholders of $57.0 million or 56 cents per share compared to a net income of $53.3 million or 52 cents per share in the prior quarter and a net income of $56.2 million or 52 cents per...
26Oct2009 | vitalstocks | 0 comments | Continued($MSFT) Microsoft Beats Consensus Estimates
Microsoft Corporation (MSFT) reported first quarter 2010 earnings that beat the Zacks Consensus Estimate by 8 cents. Revenue beat the consensus by 4.9%. Revenue Revenue of $12.9 billion was down 1.4% sequentially and 14.2% year over year. This excludes $1.47 billion in deferred...
26Oct2009 | vitalstocks | 0 comments | Continued(OSIP) OSI Pharmaceuticals Inc Easily Beats Estimates
OSI Pharmaceuticals Inc. (OSIP) has reported third-quarter earnings of 81 cents per share, which was way above the Zacks Consensus Estimate of 35 cents. The company had earned 64 cents per share in the year-ago quarter. Total revenues for the quarter came in at $111.45 million...
26Oct2009 | vitalstocks | 0 comments | Continued(OMCL) Omnicell Eclipses Consensus Estimate
Omnicell Inc. (OMCL) reported third quarter 2009 earnings per share of 10 cents yesterday, beating the Zacks Consensus Estimate of 2 cents. However, earnings per share came below the year-ago figure of 18 cents. Total revenues for the reported quarter were $54.0 million, declining...
26Oct2009 | vitalstocks | 0 comments | Continued(CLB) Core Laboratories N.V. Reports Better-Than-Expected Results
Oilfield services provider Core Laboratories N.V. (CLB) has reported slightly better-than-expected third-quarter results, driven by strength in its Reservoir Management segment. Earnings per share, excluding foreign currency gains and favorable tax effects, came in at $1.15,...
26Oct2009 | vitalstocks | 0 comments | Continued(GOOG) FCC Votes on Net Neutrality
The US telecom regulator Federal Communications Commission (“FCC”) has reportedly voted unanimously for the implementation of the so-called “Net Neutrality” regulation, which is aimed at preventing Internet Service Providers (ISPs) and cable companies from blocking...
26Oct2009 | vitalstocks | 0 comments | Continued(POT) Potash Corporation of Saskatchewan Downgraded Post-Report
The world’s largest fertilizer producer, Potash Corporation of Saskatchewan Inc. (POT), earned 82 cents per share in the third quarter of 2009, within its previously announced guidance of 80 cents to $1.20. Earnings were slightly better than the Zacks Consensus Estimate of...
26Oct2009 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Meets Expectations
Thermo Fisher Scientific Inc. (TMO) today reported financial results for the third quarter of fiscal 2009. Earnings per share came in at 78 cents, exceeding both the Zacks Consensus Estimate and the year-ago earnings of 75 cents. Net sales declined 2% year over year to $2.5 billion....
26Oct2009 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceuticals Beats, Raises Outlook
Yesterday, Alexion Pharmaceuticals (ALXN) came out with strong third quarter financials. The company reported earnings per share of 29 cents, well above the Zacks Consensus Estimate of 21 cents and 23 cents reported in the year-ago quarter. Revenues increased 34% to $102.6 million...
26Oct2009 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation – Bear of the Day
We are downgrading our rating on AGCO Corp. (AGCO) from Neutral to Underperform. The company is witnessing soft demand conditions in most of its markets due to the significant slowdown in the global economy. The near-term outlook for agricultural equipment is extremely uncertain,...
26Oct2009 | vitalstocks | 0 comments | Continued(YUM) Yum! Brands Downgraded to Neutral
We are downgrading Yum! Brands Inc. (YUM) to Neutral from Outperform. Although the company reported strong third quarter results, the recession is impacting growth. With cash-strapped consumers dining out less, traffic has declined worldwide, prompting management to lower its...
26Oct2009 | vitalstocks | 0 comments | Continued(AMSG) AmSurg Corporation Beats Estimates Marginally
AmSurg Corp.‘s (AMSG) third-quarter earnings per share came in at 44 cents, slightly above the Zacks Consensus Estimate of 43 cents and the year-ago performance of 39 cents. Revenues for the quarter increased 11% to $167.8 million compared to $150.7 million in the year...
26Oct2009 | vitalstocks | 0 comments | Continued(WDC) Western Digital Delivers on Earnings Per Share
Western Digital (WDC) reported first quarter 2010 EPS of $1.25, exceeding the Zacks Consensus Estimate of 90 cents per share. Revenue Western Digital reported first quarter 2010 revenue of $2.21 billion, up 5% from the prior year and 15% on a sequential basis. Revenue from sales...
26Oct2009 | vitalstocks | 0 comments | Continued(RNOW) RightNow Technologies Exceeds Estimates
RightNow Technologies Inc. (RNOW) reported third-quarter 2009 earnings per share of 6 cents, exceeding the Zacks Consensus Estimate of 1 cent. Total revenue in the third quarter of 2009 was $38.7 million, compared to $36.2 million in the third quarter of 2008. Recurring revenue...
26Oct2009 | vitalstocks | 0 comments | Continued(BNI) BNI Beats Forecasts, but Volumes Down Again
Burlington Northern Santa Fe Corp’s (BNI) third quarter earnings came in at $1.36 per share, ahead of the Zacks Consensus Estimate of $1.28 per share. Last year, the company had a profit of $1.99 per share. Results were negatively affected by a decline in freight volumes, partially...
26Oct2009 | vitalstocks | 0 comments | Continued(TBI) Initiating Oxygen Biotherapeutics at Outperform Rating
We are initiating coverage of Oxygen Biotherapeutics, Inc. (OXBO) with an ‘Outperform’ rating. Despite what has been a tumultuous past for the company and a abysmal fate for competitors attempting to develop similar products, the potential upside that Oxycyte offers is too...
26Oct2009 | vitalstocks | 0 comments | Continued(ZMH) Zimmer Holdings Outdoes Forecast – Reaffirms Outlook
Zimmer Holdings Inc. (ZMH) today reported earnings per share of 88 cents in the third quarter of 2009, beating the Zacks Consensus Estimate of 86 cents. However, earnings per share declined by 9.3% year over year in the reported quarter. Net Sales Net sales in the reported quarter...
26Oct2009 | vitalstocks | 0 comments | Continued(RCRC) RC2 Corp Beats, Raises Outlook
RC2 Corporation’s (RCRC) third quarter earnings of 66 cents per share are ahead of the Zacks Consensus Estimate of 60 cents. Results were driven by cost reduction initiatives implemented by the company though sales reported a drop in the quarter. Net sales were down 4.8% year-over-year...
26Oct2009 | vitalstocks | 0 comments | Continued(GPS) Gap Inc. – Bullish Estimates
Gap Inc. (GPS) continues to see bullish Zacks Consensus Estimates. The current full year forecast of $1.40 per share is up 5 cents over the past month. For 2010, analysts polled by Zacks are calling for earnings of $1.53 per share, versus last month’s $1.48. The company...
26Oct2009 | vitalstocks | 0 comments | Continued(GLDD) Great Lakes Dredge & Dock Corporation – Analysts Expect Huge Earnings Growth
Great Lakes Dredge & Dock Corporation (GLDD) is a play on the stimulus plan as the largest provider of dredging services in the United States is seeing more active bids from the Army Corps of Engineers. In the first six months of the year, the company saw a 40% increase in...
26Oct2009 | vitalstocks | 0 comments | Continued(UAUA) United’s Numbers Improving
UAL Corporation (UAUA), the parent company of United Airlines, reported a third quarter loss of 43 cents per share, better than the Zacks Consensus Estimate of a loss of 93 cents. This compares favorably with the loss of $1.99 per share reported in the year-ago quarter. Results...
26Oct2009 | vitalstocks | 0 comments | Continued(NOV) National-Oilwell Varco Exceeds Earnings Estimate
Earlier today, oilfield service company National-Oilwell Varco (NOV) reported better-than-expected third quarter results, helped by robust performance from its Rig Technology segment. Earnings per share, excluding transaction and restructuring charges, came in at 95 cents, well...
26Oct2009 | vitalstocks | 0 comments | Continued($JPM) Bank Failures Pass 100 for the Year
Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in ’09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally...
26Oct2009 | vitalstocks | 0 comments | Continued(GLW) Corning Modestly Outperforms Target Earnings
Corning Incorporated (GLW) reported earnings per share for the third quarter of 2009 of 41 cents, beating the Zacks Consensus Estimate of 39 cents. Quarterly sales were $1.5 billion, up 6% sequentially. Display Technologies combined glass volume Incorporatedluding Corning’s...
26Oct2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Reports Bleak Quarter
Developers Diversified Realty Corp. (DDR), a real estate investment trust (REIT), reported relatively weak third quarter results, with FFO (fund from operations) of ($90.1) million or (54 cents) per share compared to $96.7 million or 80 cents per share in the year-earlier quarter....
26Oct2009 | vitalstocks | 0 comments | Continued(LOGI) Logitech Tops Earnings Consensus
Logitech International (LOGI) reported earnings per share of 11 cents for the second quarter of 2010, higher than the Zacks Consensus Estimate of 6 cents. Sales for the quarter were $498 million, a decrease of 25% compared to $665 million in the same quarter last year. Excluding...
26Oct2009 | vitalstocks | 0 comments | Continued(SOHU) Sohu Beats Estimates, Outlook Disappoints
Sohu.com Inc.’s (SOHU) third-quarter earnings beat the Zacks Consensus Estimate by 6 cents. This was the due to its strong online games unit and compelling portal business. Net income on a non-GAAP basis was $40.9 million or 96 cents per share versus $42.8 million or $1.08...
26Oct2009 | vitalstocks | 0 comments | Continued(LZ) Lubrizol Corporation – Earnings Beat by Large Margin
Lubrizol Corp. (LZ) pre announced much better than expected third-quarter results on Oct 21 that sent the company’s share price to a new 52-week and all-time high above $76. Third-Quarter Results Lubrizol said that earnings to come in at $2.46 per share, far ahead of the...
26Oct2009 | vitalstocks | 0 comments | Continued(VZ) Verizon Report Matches Earnings Forecast
Verizon (VZ) reported operating results for third-quarter 2009 with adjusted earnings per share [EPS] of 60 cents, coming in line with the Zacks Consensus Estimate while declining from 66 cents reported a year-ago. Adjusted EPS excludes one-time severance, pension and benefit...
26Oct2009 | vitalstocks | 0 comments | Continued(LUV) U.S. Airlines Industry – Industry Outlook
The U.S. Airlines industry has gone through several ups and downs in the past five years. Major negative influences on the industry included skyrocketing oil prices since 2005, economic recession in the U.S. since 2008, global economic downturn in 2009 and the “swine flu”...
26Oct2009 | vitalstocks | 0 comments | Continued