Archive for November, 2009
(KSS) Kohl’s Incorporated Beats Analysts’ Estimates
Kohl’s Corp. (KSS) reported strong third quarter 2009 results with net income of $193 million or 63 cents per share compared to $160 million or 52 cents per share in the year-earlier quarter. The earnings exceeded the Zacks Consensus Estimate by about 2 cents. The better-than-expected...
14Nov2009 | vitalstocks | 0 comments | Continued(PEG) Public Service Enterprise Expanding Solar Base
Public Service Enterprise (PEG) is expanding its utility solar base. Its subsidiary Public Service Electric and Gas Company (PSE&G) received approval from the New Jersey Board of Public Utilities for an additional $143 million for its ongoing solar loan program. This will...
14Nov2009 | vitalstocks | 0 comments | Continued(NTY) NBTY Incorporated – Reports Record Fourth Quarter Results
NBTY Inc. (NTY) just posted record results for the fiscal fourth quarter as sales jumped 12%. The company is not only a value stock but analysts expect earnings to grow at 13.75% over the next 5 years. NBTY has a PEG ratio of just 0.90. Company Description NBTY manufactures and...
14Nov2009 | vitalstocks | 0 comments | Continued(PVH) Phillips-Van Heusen Corporation – Higher Estimates on a Surging Share Price
Phillips-Van Heusen Corp. (PVH) is seeing higher forecasts ahead of reporting third-quarter results next week. The full-year Zacks Consensus Estimate of $2.49 per share was increased from last month’s $2.46. Company Description Phillips-Van Heusen Corp. is a global designer...
14Nov2009 | vitalstocks | 0 comments | Continued($WMT) Wal-Mart Sales Up in U.S. and Europe
Wal-Mart Stores Inc. (WMT) reported strong fiscal third-quarter earnings of 84 cents per share, which surpassed the Zacks Consensus Estimate of 81 cents. Earnings grew 9.1% year over year from 77 cents recorded in the year-ago quarter, and exceeded management’s guidance of...
14Nov2009 | vitalstocks | 0 comments | Continued(LBTYA) Liberty Global Grows Top-line
Liberty Global Inc. (LBTYA) declared mixed financial results for the third quarter of 2009. Quarterly total revenue of $2.82 billion was an improvement of 7% year-over-year and also better than the Zacks Consensus Estimate of $2.75 billion. This was primarily due to the fabulous...
14Nov2009 | vitalstocks | 0 comments | Continued(HEW) Hewitt Associates Tops Expectations on Lower Revenue
Hewitt Associates Inc. (HEW) reported fourth quarter 2009 EPS of 68 cents per share, exceeding the Zacks Consensus Estimate of 63 cents per share. Revenue Revenue of $757.7 million was down 6.0% from $806.7 million reported in the year-ago quarter. This revenue decline may be...
14Nov2009 | vitalstocks | 0 comments | Continued(RL) Polo Ralph Lauren Corporation Relocates to Piedmont Triad
Polo Ralph Lauren Corp. (RL), a leading global designer and distributor of premium lifestyle products, has decided to relocate some of its distribution business from West Virginia to Piedmont Triad in order to consolidate its operation in the region. The company plans to close...
14Nov2009 | vitalstocks | 0 comments | Continued(JAS) Jo-Ann Stores Incorporated – Consensus Estimates Jumped 38%
Jo-Ann Stores Inc. (JAS) is hiring for the holidays and saw a jump in third quarter same-store sales. Analysts expect earnings per share growth in 2010 of 170.26%. Even with the massive growth, the company is trading with a PEG ratio of just 0.99. Jo-Ann Stores operates 750 fabric...
14Nov2009 | vitalstocks | 0 comments | Continued(EXM) Excel Maritime Carriers Exceeds Earnings Estimates
Excel Maritime Carriers Ltd’s (EXM) third-quarter earnings of 81 cents per share were substantially ahead of the Zacks Consensus Estimate of 3 cents. Last year, the company reported earnings of $2.81. Revenue from operations amounted to $174.4 million as compared to $231.6...
14Nov2009 | vitalstocks | 0 comments | Continued(RDEA) Ardea Biosciences Inc. Lowers Loss
Ardea Biosciences Inc. (RDEA) reported third quarter net loss of $2.47 million, or 13 cents per share, which was significantly lower than the Zacks Consensus Estimate of 47 cents. The company reported a net loss of $14.2 million or 95 cents in the year-ago period. The lower loss...
14Nov2009 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners L.P. Reports Weak Results
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced weak third quarter results, as low commodity prices more than offset record results from its Terminals segment. The partnership reported earnings per unit (EPU) of 43 cents, missing the Zacks...
14Nov2009 | vitalstocks | 0 comments | Continued($CSCO) Cisco Systems – Bull of the Day
Cisco Systems (CSCO) is a leading provider of IP-based networking and other products. The company’s first quarter results were a significant improvement over prior quarters, with both revenue and earnings exceeding our expectations. Of particular note is the growth in orders,...
14Nov2009 | vitalstocks | 0 comments | Continued(POT) Potash Corporation – Bear of the Day
We downgrade Potash Corporation (POT), the world’s leading producer of potash and fertilizer, to Underperform. The company has been hit hard by the global economic crisis, leading to weak demand and prices as farmers reduce their use of fertilizers. This has induced a sharp...
14Nov2009 | vitalstocks | 0 comments | Continued(RCL) Royal Caribbean Cruises Limited Signs Partnership Agreement
Royal Caribbean Cruises Ltd. (RCL) announced that it has entered into a partnership with Shanghai International Port (Group) Co. Ltd. (SIPG) to develop and expand the Chinese cruise market. The Memorandum of Understanding is supposed to build up long term partnership between...
14Nov2009 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Misses Consensus Earnings View
Canada-based Suncor Energy (SU) reported weaker-than-expected third quarter results, hampered by lower commodity prices and higher operating expenses in its oil sands business, partly offset by increased production resulting from the Petro-Canada acquisition. Earnings per share,...
14Nov2009 | vitalstocks | 0 comments | Continued(SINA) Earnings Preview for SINA Corporation
SINA Corp. (SINA) is set to announce its third quarter results after the closing bell on Nov 16. SINA’s third-quarter revenue guidance of $91–$94 million was below the Zacks Consensus Estimate. The company expects Advertising revenues to be $60–$62 million and non-advertising...
14Nov2009 | vitalstocks | 0 comments | Continued(TOT) TOTAL SA Tops Consensus Estimates
TOTAL SA (TOT) reported third-quarter earnings of €0.84 per share ($1.20 per share), above the Zacks Consensus Estimate of $1.12 and second-quarter profit of €0.77. However, earnings declined from €1.81 reported a year ago. Earnings improved sequentially based on higher...
14Nov2009 | vitalstocks | 0 comments | Continued(OGE) OGE Energy Re-finances Notes
OGE Energy Corp.’s (OGE) midstream pipeline subsidiary, Enogex LLC, sold $250 million of 10-year senior notes with a coupon rate of 6.25%. The company intends to apply the net proceeds from the sale of the new notes for general corporate purposes Incorporatedluding repaying...
14Nov2009 | vitalstocks | 0 comments | Continued(OSIR) Osiris Therapeutics Posts Loss
Osiris Therapeutics (OSIR) reported a net loss of 21 cents per share in the third quarter of 2009, well above the Zacks Consensus Estimate of a net income of 6 cents. However, net loss in the year ago period was higher at 63 cents, mainly due to lower revenues. Revenues in the...
14Nov2009 | vitalstocks | 0 comments | Continued(PVR) Penn Virginia Resource Partners L.P. Beats but Revenues Dip
Penn Virginia Resource Partners L.P. (PVR) posted adjusted net income of 30 cents per unit, marginally above the Zacks Consensus Estimate of 29 cents and well above 19 cents posted a year ago. The increase in net income was primarily due to improved operating income from PVR...
14Nov2009 | vitalstocks | 0 comments | Continued(CTRP) Top Performer for Thurs: Ctrip.com- Zacks #1 Rank Top Performers
Ctrip.com International, Ltd. (CTRP), the Chinese travel service provider, has watched its shares advance approximately 6.55% Thursday after beating expectations in the third quarter. The gain is enough to put Ctrip.com on the Zacks #1 Rank Top Performers List today. Volume has...
14Nov2009 | vitalstocks | 0 comments | Continued(LGF) Lions Gate Entertainment’s Earnings Beat Consensus – Revenues Climb
Lions Gate Entertainment Corp. (LGF) recently reported better-than-expected second quarter results. Total revenues climbed 3% year on year to $393.7 million driven by robust performance at television production segment and revenue contribution of $27.7 million from Media Networks...
14Nov2009 | vitalstocks | 0 comments | Continued(DELL) Dell Enhances Its Printing Portfolio
After launching the world’s thinnest laptop, Dell Inc. (DELL) has now turned its focus on the printing segment of the company. The company has announced the launch of three new commercial workgroup printers, which the company claims will help businesses of all sizes increase...
14Nov2009 | vitalstocks | 0 comments | Continued(EMS) Emergency Medical Beats Consensus Estimates
Emergency Medical’s (EMS) third quarter earnings per share came in at 66 cents, surpassing the Zacks Consensus Estimate of 60 cents but remained unchanged from the year ago period. The company reported revenues of $665.1 million, a decline of 2.1% compared to the third quarter...
14Nov2009 | vitalstocks | 0 comments | Continued(F) Ford’s European Sales Impress
Ford Motor Company (F) revealed an impressive 12.8% rise in sales for October in its 19 European markets, outperforming the 6.8% gain in sales for the overall industry. In fact, the sales rise was considered as the best monthly performance in more than a decade. Several incentive...
14Nov2009 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio Reports Mixed Results
SIRIUS XM Radio Inc. (SIRI) reported third quarter 2009 financial results. Quarterly revenue of $618.7 million is a huge improvement of 26.7% year-over-year and better than the Zacks Consensus Estimate of $609 million. This was primarily due to the sale of “Best of”...
14Nov2009 | vitalstocks | 0 comments | Continued(UGP) Ultrapar Participacoes S.A. Posts Higher Profits
Ultrapar Participacoes S.A. (UGP) reported its third quarter results yesterday after market close. The company reported earnings of R$1.00 per share for the third quarter of 2009, which was 9% up from last year’s earnings of R$0.91 per share. Quarterly revenue increased 25%...
14Nov2009 | vitalstocks | 0 comments | Continued(GPI) Group 1 Automotive Incorporation – Good Earnings on Declining Sales
Group 1 Automotive Inc. (GPI) is up more than 200% in the last 8 months, but analysts see more upside, with the next-year estimate projecting 35% earnings growth. Company Description Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry...
14Nov2009 | vitalstocks | 0 comments | Continued(WFC) NutraCea Files for Bankruptcy
Phoenix-based NutraCea (NTRZ), a producer of stabilized rice bran and other baby cereals, had filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed in the U.S. Bankruptcy Court for the District of Arizona on Nov 10. The world leader in stabilized...
14Nov2009 | vitalstocks | 0 comments | Continued