Archive for November, 2009
(PAA) Plains All American Pipeline L.P. In Line with Analyst Numbers
Plains All American Pipeline L.P. (PAA) reported adjusted earnings of 59 cents per share, marginally above the Zacks Consensus Estimate of 58 cents and down from 71 cents reported a year ago. Plains All American reported a 13% increase in the adjusted earnings for the Transportation...
11Nov2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation to Raise Capital through TALF
Developers Diversified Realty Corporation (DDR), a leading real estate investment trust (REIT), is planning to raise $400 million through Term Asset-backed Securities Loan Facility (TALF program). The TALF was created by the Fed to support the issuance of asset-backed securities...
11Nov2009 | vitalstocks | 0 comments | Continued(BAC) Bank of America Extends $184 Billion in Credit
In its latest quarterly Lending & Investing Initiative report, Bank of America Corporation (BAC) said on Monday that it has extended about $184 billion in credit during the third quarter of 2009 to support households and communities. The report makes obvious how BofA is utilizing...
11Nov2009 | vitalstocks | 0 comments | Continued(CFSG) China Fire & Security Group Meets Expectations
China Fire & Security Group Inc.’s (CFSG) reported its third quarter results yesterday. The company posted earnings of 27 cents per share, in line with the Zacks Consensus Estimate. Quarterly EPS was up 17.4% year over year, primarily driven by higher revenues. Revenue...
11Nov2009 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Posts Robust Profit
TRW Automotive (TRW) has revealed a staggering rise in profits to $76 million or 68 cents per share in the third quarter ended Oct. 2, 2009, from a net loss of $22 million or 22 cents per share in the prior-year quarter. The profit was also significantly higher than the Zacks...
11Nov2009 | vitalstocks | 0 comments | Continued(AN) AutoNation Predicts Gloomy Business for 2010
AutoNation (AN) has sketched its industry outlook, revealing a gloomy 2010 preceding an improvement in the years following. The company stated that it anticipates a marginal rise in industry sales to 11 million cars and trucks from the current-year rate of 10 million vehicles....
11Nov2009 | vitalstocks | 0 comments | Continued(USTR) United Stationers Inc. – Surprised by 45.26% in the Third Quarter
United Stationers Inc. (USTR) has surprised on the Zacks Consensus Estimate 4 consecutive quarters by an average of 28.24% as inventory reduction has boosted the bottom line. The company is trading with a forward P/E of 13.32. Company Description United Stationers distributes...
11Nov2009 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare – Bear of the Day
Molina Healthcare, Inc. (MOH) reported third-quarter earnings of $0.33 per share, which was well below the Zacks Consensus Estimate of $0.53. The company earned $0.60 in the year-ago quarter. The decline in profit for the quarter was attributable to higher operating expenses...
11Nov2009 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Corporation – Beat by 14.29% in the Fiscal Fourth Quarter
Starbucks Corporation (SBUX) has been in a turnaround mode the last few quarters. Last week it posted its third earnings surprise in a row. Its turnaround strategy appears to be paying off for shareholders as the stock is now trading at new 52-week highs. Founded in 1971 in Seattle,...
11Nov2009 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation – Strong Fundamentals and Robust Momentum
Harris Corporation (HRS) recently posted fiscal first-quarter earnings of 83 cents per share, topping the Zacks Consensus Estimate by 9%. The company also hiked its earnings guidance and analysts followed suit. Company Description Harris is an international communications and...
11Nov2009 | vitalstocks | 0 comments | Continued(DOX) Amdocs Limited – Bull of the Day
We maintain our Outperform recommendation for Amdocs Ltd. (DOX), following its strong results for the fiscal fourth quarter of 2009. The company has industry-leading technology integration products for managed services and large transformational projects. We believe long-term...
11Nov2009 | vitalstocks | 0 comments | Continued(PCLN) Priceline Beats Expectations – Guidance Strong
Priceline.com (PCLN) reported very strong third quarter results, with earnings beating the consensus by 57 cents and revenue beating by 5.3%. Revenue Revenue of $730.7 million was up 21.0% sequentially and 30.1% year over year. The significant increase from the year-ago quarter...
11Nov2009 | vitalstocks | 0 comments | Continued(M) Macy’s Raises Earnings Guidance
Macy’s Inc. (M), the operator of departmental stores, recently reported third-quarter 2009 results. The company posted a loss of 3 cents a share that outshined the Zacks Consensus Estimate loss of 9 cents, and improved substantially from a loss of 8 cents delivered in the prior-year...
11Nov2009 | vitalstocks | 0 comments | Continued(C) Citigroup Files For IPO of Primerica – Under Review
On Monday, A.M. Best Co. placed the financial strength rating of A+ ( Superior ) and issuer credit ratings of “aa-” of Primerica Life Insurance Company ( Boston , MA ) and its subsidiaries under review with negative implications. These actions are a result of a recent...
11Nov2009 | vitalstocks | 0 comments | Continued(IDC) Interactive Data Corporation Expands Services
Interactive Data Corporation (IDC) continues to expand its solutions and services. The leading provider of financial market data recently declared that its Real-Time Services business has added new market data coverage to PlusFeed, its low-latency, consolidated global datafeed....
11Nov2009 | vitalstocks | 0 comments | Continued(RZ) Raser Technologies’ Loss Narrows
Raser Technologies Inc. (RZ) reported a loss per share of 5 cents, less than the Zacks Consensus loss per share estimate of 13 cents in the third quarter of fiscal 2009. Also, net loss of 5 cents per share is less than half compared to the year-ago loss of 13 cents per share. The...
11Nov2009 | vitalstocks | 0 comments | Continued(ACAS) American Capital Restructures Debt
Last week, American Capital (ACAS) announced its debt restructuring deal. Pursuant to the agreement, the company has reached a deal with lenders to restructure its revolving line of credit, which would provide for restructuring all of its $2.4 billion worth of unsecured debt...
11Nov2009 | vitalstocks | 0 comments | Continued($IBM) IBM Opens Analytics Center in U.S.
To expand the analytics and optimization business, IT giant International Business Machines (IBM) announced the opening of a new IBM Analytics Solutions center in Washington D.C., the sixth analytics center in a row built by the company worldwide. The center has been built to...
11Nov2009 | vitalstocks | 0 comments | Continued(MBI) MBIA Incorporated Misses Earnings Estimates
MBIA Incorporated’s (MBI) third quarter operating loss of $3.50 per share substantially missed the Zacks Consensus Estimate of a loss of 99 cents per share. Last year, the company had reported a loss of $3.42 per share. Results were negatively affected by a continued deterioration...
11Nov2009 | vitalstocks | 0 comments | Continued(NNI) Nelnet Beats – Restores Dividend
Nelnet Inc.’s (NNI) third quarter earnings of $1.01 per share were well ahead of the Zacks Consensus Estimate of 75 cents. The company had earned 47 cents in the year-ago quarter. Nelnet has also reinstated its dividend program, which had been suspended in May 2008. The company...
11Nov2009 | vitalstocks | 0 comments | Continued(CROX) Crocs Sued by Porsche for Trademark Infringement
Crocs Inc. (CROX), a leading manufacturer of footwear, faces a lawsuit from Porsche Automobile Holding SE for alleged infringement of trademark. In its lawsuit, Porsche has alleged that Crocs has used its widely popular sports car brand name Cayman for a line of footwear. With...
11Nov2009 | vitalstocks | 0 comments | Continued(MON) Monsanto Company Confirms Guidance
At its investor conference call, Monsanto Company (MON) indicated that it will accelerate launches for its Genuity SmartStax corn and Genuity Roundup Ready 2 Yield soybean products. The company emphasized its growth strategy from 2010 through 2012, which includes three operational...
11Nov2009 | vitalstocks | 0 comments | Continued(CYPB) Cypress Bioscience, Inc Beats Consensus – Loss Widens
Cypress Bioscience, Inc. (CYPB) reported a net loss of 14 cents per share in the third quarter, 6 cents better than the Zacks Consensus Estimate of a net loss of 20 cents. Although revenues increased significantly from the year-ago period, net loss was higher due to higher operating...
11Nov2009 | vitalstocks | 0 comments | Continued(NSANY) Nissan Building World’s Cheapest Car
Nissan to Build World’s Cheapest Car Carlos Ghosn, the Chief Executive of the alliance Renault and Nissan (NSANY), has revealed that the company will roll out a small car with its Indian partner, Bajaj Auto, that will be cheaper than any other car in India — and in the...
11Nov2009 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Tops Expectations
Natural Resource Partners L.P. (NRP) reported third quarter net income attributed to limited partners of 36 cents per unit, well above the Zacks Consensus Estimate of 21 cents and second quarter net income of 7 cents. Results were driven by improved reported revenues as well...
11Nov2009 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Corporation Outperforms
Nippon Telegraph & Telephone Corp. (NTT) declared better-than-expected second quarter of fiscal 2010 financial results. Quarterly total revenue of $26,630 million was an increase of 11.6% year-over-year. This was also better than the Zacks Consensus Estimate of $26,316 million....
11Nov2009 | vitalstocks | 0 comments | Continued(KO) Keeping the Dollar Decline in Perspective
The dollar has clearly been under pressure this year. Most of the graphs of it that you have seen probably look like the first graph below, which shows what the dollar has done against two indexes since the start of the year. The blue line is how the greenback has fared against...
11Nov2009 | vitalstocks | 0 comments | Continued($AIG) Will AIG Repay the Taxpayer Bailout?
Moody’s Investor Service (MCO) analysts said on Monday that American International Group Inc. (AIG) will probably have the ability to fully repay the bailout money and buy back much of the government’s stake in the company as it continues to stabilize its core insurance...
11Nov2009 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Matches Estimates
Fluor Corporation (FLR) reported third quarter earnings per share of 89 cents, matching the Zacks Consensus Estimate. Revenue declined by 4% to $5.4 billion, which compares with $5.7 billion in the third quarter of 2008. This change was driven primarily by decreases in the Oil...
11Nov2009 | vitalstocks | 0 comments | Continued(TU) Telus Corporation Misses Estimates – Trims Outlook
Telus Corporation (TU) reported results for third-quarter 2009 with adjusted (excluding favorable tax related adjustments) earnings per ADS of 76 US cents (83 Canadian cents per share), missing the Zacks Consensus Estimate of 79 US cents. Adjusted earnings also declined from...
11Nov2009 | vitalstocks | 0 comments | Continued