Archive for November, 2009
(CSC) Computer Sciences Corporation’s Revenue Up – Earnings Per Share Exceeds
Computer Sciences Corporation (CSC) reported second quarter 2010 EPS of $1.40, exceeding the Zacks Consensus Estimate of $1.35. Revenue The company reported second quarter revenue of $4.0 billion, up 4.7% from $4.2 billion reported in the year-ago quarter. The company witnessed...
14Nov2009 | vitalstocks | 0 comments | Continued(AAP) Advance Auto Parts Outdoes Estimates
Advance Auto Parts (AAP) posted a profit of 69 cents per share, before special items, in the third quarter of its fiscal ended Oct 10, 2009. This represents a 19% increase from 59 cents reported in the year-ago quarter. With this, the company also exceeded the Zacks Consensus...
14Nov2009 | vitalstocks | 0 comments | Continued(YUM) Yum! Brands Plans Expansion for India
Even in the midst of an economic crisis, Yum! Brands Inc. (YUM), the operator of KFC, Pizza Hut and Taco Bell fast-food chains, remains largely unruffled by the slowdown and plans to accelerate its expansion in India with an investment plan of about $150 million. Louisville,...
14Nov2009 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com Incorporated – Gross Travel Bookings Jump 32.8% in the Third Quarter
Priceline.com Inc. (PCLN) recently reported third quarter results that beat big for the fourth consecutive quarter. Analysts expect earnings growth of 35.34% in 2009. Priceline.com provides online travel services in 78 countries in 29 different languages. The company owns several...
14Nov2009 | vitalstocks | 0 comments | Continued(HS) Healthspring Incorporated – Earnings Consensus Estimates Rise
Healthspring, Inc. (HS) has surprised on estimates 3 out of the last 4 quarters by an average of 6.45%. The stock is cheap. It trades at just 6.7x forward earnings and has a PEG ratio of 0.67. Company Description Healthspring coordinates care plans through the Medicare Advantage...
14Nov2009 | vitalstocks | 0 comments | Continued(JWN) Nordstrom Ups Guidance After Beating Expectations
High-end retailer Nordstrom Inc. (JWN) has reported strong third quarter 2009 results with net income of $83 million or 38 cents per share compared to $71 million or 33 cents per share in the year-earlier quarter. The earnings marginally beat the Zacks Consensus Estimate by a...
14Nov2009 | vitalstocks | 0 comments | Continued(MT) ArcelorMittal Increases Stake in ArcelorMittal Ostrava
The leading steel maker, ArcelorMittal (MT) announced that it has agreed to acquire a 13.881% stake in ArcelorMittal Ostrava, a.s. from a subsidiary of PPF GROUP N.V., for approximately $404.3 million. The company said that this investment is consistent with ArcelorMittal’s...
14Nov2009 | vitalstocks | 0 comments | Continued(JCP) JC Penney Company Beats Expectations with Low Earnings
JC Penney Company Inc. (JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported third-quarter 2009 results. The quarterly earnings of 11 cents a share tumbled 80% from 55 cents posted in the prior-year...
14Nov2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Divests Business
Diversified chemical company Dow Chemical Company (DOW) has signed an agreement to sell its non-core Powder Coatings Business to Akzo Nobel N.V. (AKZOY), a leading producer of paints and coatings, based in Amsterdam, The Netherlands. Financial terms of the transaction were not...
14Nov2009 | vitalstocks | 0 comments | Continued(TTEK) Tetra Tech Matches Earnings Estimates
Tetra Tech Inc. (TTEK) reported earnings per share of 33 cents for the fourth quarter of 2009, matching the Zacks Consensus Estimate of 32 cents. Revenue in the quarter was $575.1 million, down 11.4% from $649.2 million. Revenue, net of subcontractor costs, was $367.0 million,...
14Nov2009 | vitalstocks | 0 comments | Continued(MDT) Medtronic, Inc Launches New Bone Grafter
Medtronic, Inc. (MDT) recently launched MASTERGRAFT Strip – a new, highly flexible ceramic scaffold used in combination with a patient’s own bone for fusing multiple levels of the posterolateral spine, in the U.S. The strip is used by surgeons for a variety of bone grafting...
14Nov2009 | vitalstocks | 0 comments | Continued(ELOS) Syneron Medical’s Skin Products to Hit Asia
Syneron Medical Ltd. (ELOS) announced the commercial launch of the elure topical skin whitening products in several Asian markets. The company will sell these products through its dermatologists, beauty salons and spas in Asia from the first quarter of 2010. The elure skin whitening...
14Nov2009 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Corporation Increases Exploration
Canadian gold mining company Kinross Gold Corporation (KGC) recently received authorization from the Ecuadorian Ministry of Non-Renewable Natural Resources to re-commence advanced exploration activities at the Fruta del Norte (FDN) gold project in Zamora-Chinchipe province of...
14Nov2009 | vitalstocks | 0 comments | Continued(ANF) Abercrombie & Fitch’s Earnings Dip
Abercrombie & Fitch Co. (ANF), a leading international specialty retailer, reported relatively weak third quarter 2009 results with a net income of $38.8 million or 44 cents per share, compared to a net income of $63.9 million or 72 cents per share in the year-earlier quarter. The...
14Nov2009 | vitalstocks | 0 comments | Continued(ABK) Ambac Financial Group Faces Liquidity Crunch
In its quarterly filing on Monday, Ambac Financial Group (ABK) revealed that it is facing liquidity constraints. At the end of the third quarter of 2009, the company’s liquidity consisted of $164.7 million of cash, short term investments and bonds. Management is unsure whether...
14Nov2009 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation to Increase Joint Venture Stake
Regency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing grocery anchored retail shopping centers in the U.S., plans to exercise its options to increase its interest in an existing joint venture called Macquarie CountryWide-Regency...
14Nov2009 | vitalstocks | 0 comments | Continued(HLF) Herbalife Limited – Earnings Estimates Advance
Herbalife Ltd. (HLF) recently spiked higher after reporting better than expected third-quarter results. Company Description Herbalife Ltd. is a network marketing company that sells weight management and nutritional supplements worldwide. The company was founded in 1980 and has...
14Nov2009 | vitalstocks | 0 comments | Continued(EXPE) Expedia, Incorporated – Bull of the Day
Expedia Inc. (EXPE) is one of the leading online travel companies in the world. The company reported strong results in the last quarter, beating the Zacks Consensus Estimate. Promotional activity continues to have a positive impact on the conversion rate, and spending is expected...
14Nov2009 | vitalstocks | 0 comments | Continued(TGI) Triumph Group, Incorporated – Bear of the Day
We maintain our Underperform rating on Triumph Group, Inc. (TGI) based on the belief that there will be no significant recovery in the delivery of new commercial aircraft in the medium term. A weak commercial OEM market is likely to continue for the coming months. Huge dependence...
14Nov2009 | vitalstocks | 0 comments | Continued(PII) Polaris Industries Inc. – Industry-Leading Yield of 3.4%
Polaris Industries Inc. (PII) recently declared a quarterly dividend of 39 cents per share, which translates into an industry-leading yield of 3.4%. In mid-October, the company announced third-quarter earnings of 94 cents per share, which was below the previous year’s $1.13...
14Nov2009 | vitalstocks | 0 comments | Continued(CPL) CPFL Energia S.A. Posted In-Line Earnings Results
Yesterday before market opened, CPFL Energia S.A. (CPL) reported results for the third quarter of 2009. The company posted in-line results for the third quarter of 2009, despite non-recurring items. Net operating revenue increased by 13.2% year over year to R$ 2,704 million....
14Nov2009 | vitalstocks | 0 comments | Continued(MDR) McDermott International Reports Profit Growth
Energy-focused engineering and construction company, McDermott International Inc. (MDR) reported better-than-expected third-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 50 cents, 10 cents above...
14Nov2009 | vitalstocks | 0 comments | Continued(URBN) Urban Outfitters Beats Consensus Expectations by a Penny
Urban Outfitters Inc. (URBN) reported fiscal third quarter results on Thursday. The company posted earnings of $62.4 million, a growth of 5.3% from $59.3 million recorded in the year-ago quarter. Earnings per share came in at 36 cents, which edged past the Zacks Consensus Estimate...
14Nov2009 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Inks Partnership in Bahrain
Recently, Occidental Petroleum Corp. (OXY) entered into a partnership to develop oil and natural gas fields in Bahrain. Occidental along with partners Mubadala Development Company (Mubadala) and the National Oil and Gas Authority of Bahrain (NOGA) formed a new joint operating...
14Nov2009 | vitalstocks | 0 comments | Continued(RX) IMS Health to be Acquired by Funds Managed by TPG Capital
IMS Health (RX) recently agreed to its acquisition by investment funds managed by TPG Capital (TPG) and the Canada Pension Plan Investment Board (CPPIB) for a total value of $5.2 billion. The Board of Directors approved the decision based on the Transaction Committee recommendation,...
14Nov2009 | vitalstocks | 0 comments | Continued(ACI) Arch Coal and Great Northern Properties Limited Partnership Sign Coal Lease Pact
Arch Coal Inc. (ACI) and Great Northern Properties Limited Partnership (GNP) have entered into a coal lease agreement for all of GNP’s coal resources in the Otter Creek Tracts located in southeastern Montana. Following the agreement, Arch will own the right to mine about 9,600...
14Nov2009 | vitalstocks | 0 comments | Continued(TMRK) Terremark Worldwide Loss Exceeds Expectations by a Penny
Terremark Worldwide (TMRK) announced results for the second quarter of fiscal 2010 (ended Sep 30, 2009) with reported loss per share of 12 cents exceeding the Zacks Consensus Estimate of loss of 11 cents. Net loss of $7.5 million for the quarter, represents an improvement from...
14Nov2009 | vitalstocks | 0 comments | Continued(TEF) Telefonica Tops Earnings Expecations on Lighter Sales
Telefonica (TEF) reported third-quarter 2009 results with earnings per ADS of US$1.88, comfortably beating the Zacks Consensus Estimate of US$1.49. The Spanish telecom giant reported net income of €1.99 billion (US$2.85 billion), down 0.6% year over year, due to lower sales...
14Nov2009 | vitalstocks | 0 comments | Continued(DIS) The Walt Disney Company’s Revenue Climbs
The Walt Disney Company (DIS) recently reported fourth-quarter 2009 results, posting mid-single digit growth in both top and bottom lines. Total revenue for the quarter climbed 4% year-on-year to $9,867 million. The quarterly earnings of 46 cents a share outdid the Zacks Consensus...
14Nov2009 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences Awaits Committee Outcome
Gilead Sciences, Inc (GILD) is awaiting the outcome of the Anti-Infective Drugs Advisory Committee of the US Food and Drug Administration (FDA) scheduled on December 10, 2009. The committee will review Gilead ’s aztreonam for inhalation solution, an investigational product...
14Nov2009 | vitalstocks | 0 comments | Continued