Archive for October, 2009
(ISRG) Intuitive Surgical Inc. – Earnings Estimates Rising
Intuitive Surgical, Inc. (ISRG) Growing Revenue Intuitive announced quarterly results on the 20th of October that included revenue of $280 million, up from $236 million last year. Sales generated through the da Vinci systems propelled the company’s growth. Earnings per...
26Oct2009 | vitalstocks | 0 comments | Continued(MO) Altria Beats Forecasts on Cost Savings
Altria Group (MO) reported strong third-quarter results, with earnings of 48 cents per share. Earnings were 2 cents above the Zacks Consensus Estimate and up 4.3% year-over-year. Profits were primarily driven by the company’s cost savings efforts and growth in the cigar unit. Net...
22Oct2009 | vitalstocks | 0 comments | Continued(EBAY) eBay Sees Stronger Trends
eBay Inc. (EBAY) reported third quarter earnings that beat the Zacks Consensus Estimate by 13 cents. Revenue beat the consensus by 4.6%. Revenue Gross revenue of $2.24 billion was up 6.7% sequentially and 5.7% year over year. Around 88% of total revenue was transactions-based,...
22Oct2009 | vitalstocks | 0 comments | Continued(RHI) Robert Half International Tops Zacks Consensus Estimates
Robert Half International Inc. (RHI), a leading staffing and risk consulting services provider across the globe, reported a net income of $9.5 million or 6 cents per share for the third quarter, compared to $65.8 million or 42 cents per share in the year-earlier quarter. The...
22Oct2009 | vitalstocks | 0 comments | Continued(UPS) United Parcel Service Beats Consensus Earnings Estimates
United Parcel Service Inc. (UPS) declared its fiscal third quarter results today. Net income was $549 million or 55 cents per share, compared to a net income of $970 million or 96 cents in the prior-year quarter. However, EPS of 55 cents was better than the Zacks Consensus Estimate...
22Oct2009 | vitalstocks | 0 comments | Continued(APD) Air Products Chemicals Inc Delivers Disappointing 2009 Results
Air Products Chemicals Inc. (APD) has reported results for the fourth quarter of 2009. Net earnings slipped 9.5% year over year to $1.14 per share in the last quarter of fiscal 2009. Reported earnings were, however, slightly higher than the Zacks Consensus Estimate of $1.12....
22Oct2009 | vitalstocks | 0 comments | Continued(QLGC) QLogic Beats Estimates – Sequential Increases
QLogic Inc. (QLGC) reported second quarter earnings that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 4.6%. Revenue Revenue of $131.5 million was up 7.1% sequentially and down 23.2% year over year. All product lines other than networking saw sequential...
22Oct2009 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Beats Marginally
Fidelity National Information Services, Inc. (FIS), an electronic payment processor announced third quarter earnings that marginally beat the Zacks Consensus Estimate by a penny. The company benefited from cost-cutting efforts and operating efficiency gains which offset lower...
22Oct2009 | vitalstocks | 0 comments | Continued(CTXS) Citrix Systems Beats Estimates in Q3
Citrix System Inc. (CTXS) declared better-than-expected third quarter results yesterday. GAAP net income in the reported quarter was $53.4 million or 29 cents per share, compared to a net income of $49.2 million or 26 cents per share in the prior-year quarter. However, adjusted...
22Oct2009 | vitalstocks | 0 comments | Continued(PLD) ProLogis Shows Signs of Stabilization
ProLogis (PLD), one of the leading global providers of distribution facilities, reported relatively modest third quarter results that show early signs of stabilization in the industrial property market fundamentals. Fund from Operations (FFO), a widely used metric to gauge the...
22Oct2009 | vitalstocks | 0 comments | Continued(RRC) Range Resources Corporation Tops – Production Guidance Up
Range Resources Corp. (RRC) reported third-quarter earnings of 26 cents per share, compared to the Zacks Consensus Estimate of 20 cents and year-earlier earnings of 53 cents. We have adjusted the reported loss of 19 cents for some one-time items. The year-over-year negative comparison...
22Oct2009 | vitalstocks | 0 comments | Continued(AMGN) Amgen Beats – Raises Guidance
Amgen (AMGN) reported third quarter earnings per share of $1.47, well above the Zacks Consensus Estimate of $1.26 and 21% above the year-ago earnings of $1.21. Cost cuts and a lower tax rate helped boost the top-line despite a 2% decline in total revenues, which came in at $3,812...
22Oct2009 | vitalstocks | 0 comments | Continued(IVZ) Invesco Limited Surpasses Estimates by a Penny
Invesco Limited’s (IVZ) third quarter earnings came in at 24 cents per share, a penny ahead of the Zacks Consensus Estimate. However, this compares unfavorably with 33 cents in the prior-year quarter. The year-over-year decrease in earnings was due primarily to a 14.7% decline...
22Oct2009 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels and Resorts Worldwide Reports Mixed Results
Starwood Hotels and Resorts Worldwide Inc. (HOT) has reported third quarter earnings from continuing operations of 22 cents per share. Excluding special items, the company has earned 14 cents per share. Results are ahead of the Zacks Consensus Estimate of 10 cents. While revenues...
22Oct2009 | vitalstocks | 0 comments | Continued(T) AT&T Beats Forecasts on Skyrocketing iPhone Sales
AT&T Inc. (T) announced third-quarter 2009 results, with reported earnings per share of 54 cents beating the Zacks Consensus Estimate of 50 cents while declining from 55 cents reported a year ago. Net income fell 1.2% year over year to $3.2 billion on account of lower revenue. The...
22Oct2009 | vitalstocks | 0 comments | Continued(NVLS) Novellus Beats – Guidance Strong
Novellus Systems’ (NVLS) third quarter earnings beat the Zacks Consensus Estimate by 1 cent. Revenue beat the consensus by 2.6%. Earlier, ASML (ASML), one of the largest semi equipment companies reported very strong results. Chip companies overall (INTC), (AMD), (TXN) and (LLTC),...
22Oct2009 | vitalstocks | 0 comments | Continued(RX) IMS Health Earnings Ahead of Consensus Estimates
This morning, IMS Health (RX) reported third-quarter earnings per share of 40 cents, beating the Zacks Consensus Estimate by 4 cents. However, earnings declined 7% from the year-ago period. Revenues came in at $540.8 million. With clients reining in their spending due to the...
22Oct2009 | vitalstocks | 0 comments | Continued(HSY) Hershey’s Beats Estimates – Raises Guidance
The Hershey Company (HSY) reported results for the third quarter with earnings of 73 cents per share. Earnings were 6 cents above the Zacks Consensus Estimate and up 14.1% year over year. Profits were primarily driven by price increases and lower restructuring costs. However,...
22Oct2009 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Surpasses Consensus Estimates Handsomely
Ameriprise Financial, Inc.’s (AMP) third quarter core operating earnings of $1.03 per share were substantially ahead of the Zacks Consensus Estimate of 63 cents. However, the earnings were down 8.8% from $1.13 per share in the prior-year quarter. Core operating results exclude...
22Oct2009 | vitalstocks | 0 comments | Continued(VMW) VMware Barely Beats Consensus Forecasts
VMware Inc. (VMW) reported third-quarter results after the closing bell on Wednesday. The company posted a 54.1% decline on GAAP net income to $38.2 million from $83.3 million in the year-ago period. Excluding certain non-recurring items, adjusted earnings per share came in...
22Oct2009 | vitalstocks | 0 comments | Continued(NUE) Nucor Corporation Trims Losses
Net losses for Nucor Corporation (NUE), the largest recycler of steel scrap in the US, narrowed to $29.5 million, or 10 cents per diluted share, for the third quarter of 2009. The result was narrower than the Zacks Consensus Estimate for a loss of 14 cents. In the second quarter,...
22Oct2009 | vitalstocks | 0 comments | Continued($GS) Look Who Just Showed Up to the Takeover Party
by Robert Williams, Publisher Don’t look now, but mergers and acquisitions are back in a big way. September saw roughly $50 billion worth of deals announced involving U.S. companies – an 84% increase over August. In fairness, we’ve only seen $12 billion worth of private...
22Oct2009 | InvestmentU | 0 comments | Continued(MI) Marshall & Ilsley Reports Loss
Marshall & Ilsley Corp.’s (MI) third-quarter loss of 68 cents per share was in line with the company’s forecast earlier this month as well as the Zacks Consensus Estimate. Also, this compares unfavorably with the earnings of 32 cents per share in the prior-year quarter. The...
22Oct2009 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Corporation Reports Earnings Ahead of Consensus Estimates
Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for the third quarter of 2009 based on higher sales volumes and lower operating expenses. Net income from continuing operations was $1.14 per share, higher than the Zacks Consensus Estimate of $1.08....
22Oct2009 | vitalstocks | 0 comments | Continued($ESV) ENSCO International Beats on Deepwater Strength
ENSCO International Inc. (ESV) – a leading supplier of offshore contract drilling services to the oil and gas industry – yesterday reported modestly better-than-expected third quarter results, driven by robust performance of its deepwater segment. Earnings per share from...
22Oct2009 | vitalstocks | 0 comments | Continued(SGP) Schering-Plough Reports In-line Earnings
Schering-Plough Corp. (SGP) reported third-quarter earnings of 40 cents per share, which was in-line with the Zacks Consensus Estimate. Although earnings came in a cent above the year-ago level, revenues declined 2% to $4.5 billion mainly due to an unfavorable foreign exchange...
22Oct2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation Has Macy’s in Tenant Lineup
Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), has recently added Macy’s Inc. (M), a premier departmental store operator, in its tenant lineup in the open-air shopping center spanning approximately 1 million square feet in Nampa, Idaho. Macy’s...
22Oct2009 | vitalstocks | 0 comments | Continued(WMT) New Jobless Claims Surprise Negatively
This week initial claims for unemployment insurance rose to 531,000, an increase of 11,000 from last week. Last week’s number was also revised upwards by 7,000, so the real increase is more like 18,000. The week-to-week numbers can be all over the place, so the four-week...
22Oct2009 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Company Beats by a Penny
This morning, Bristol-Myers Squibb Company (BMY) reported third quarter earnings of 52 cents per share, beating the Zacks Consensus Estimate by a penny. The company reported earnings of 45 cents in the year-ago period. Net sales for the quarter came in at $5,487 million, against...
22Oct2009 | vitalstocks | 0 comments | Continued(BCR) C.R. Bard Surpasses Consensus Estimates
C.R. Bard, Inc. (BCR) yesterday reported strong third quarter fiscal 2009 results after the market close. Earnings per share were $1.31, surpassing the Zacks Consensus Estimate of $1.27 and the year-ago earnings of $1.09. Sales Net sales in the quarter increased 3% year over...
22Oct2009 | vitalstocks | 0 comments | Continued